ASBURY PARK AFRICAN-AMERICAN MUSIC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JENNIFER SOUDER

Phone

2017369602

Tax Period

2025-01-01 to 2025-12-31

ASBURY PARK AFRICAN-AMERICAN MUSIC PROJECT INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $191K in total revenue in fiscal year 2025. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 56% operating margin.

Mission

THE ASBURY PARK AFRICAN-AMERICAN MUSIC PROJECT INC CELEBRATES THE MUSIC AND STORIES OF SPRINGWOOD AVENUE IN ASBURY PARK NEW JERSEY

Program Service Accomplishments

Program 1

Expenses: $70,586 Revenue: $138,406

SHARE THE MUSIC, CULTURAL HERITAGE AND STORIES OF SPRINGWOOD AVE THROUGH ORAL HISTORIES, RESEARCH, WRITING AND PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $190,165

Program Service Revenue $720

Investment Income $0

Other Revenue $324

TOTAL REVENUE $191,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,976

Program Expenses $70,586

Other Expenses $83,257

TOTAL EXPENSES $83,257

Year-over-Year Comparison

	2025	2024	Change
Revenue	$191,209	$111,656	+0.7%
Expenses	$83,257	$56,011	+0.5%
Net Income	$107,952	$55,645	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
JENNIFER SOUDER	PRESIDENT	20.00	$0	$0	$0
YVONNE CLAYTON	TREASURER	15.00	$0	$0	$0
KATHLEEN MELGAR	SECRETARY	5.00	$0	$0	$0
MELISSA KEELING	BOARD MEMBER	5.00	$0	$0	$0
PHIL UNGER	BOARD MEMBER	5.00	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$191,209	$83,257	$512,718	$107,952
2024	No data	No data	No data	No data
2023	$263,488	$52,477	$369,325	$211,011

ASBURY PARK AFRICAN-AMERICAN MUSIC PROJECT INC