MAVERICK CITY MUSIC INITIATIVE INC

EIN: 852875780 501(c)(3) Arts, Culture & Humanities

ATLANTA, GA

Total Revenue
$374,805
Total Expenses
$121,089
Total Assets
$254,591
Net Assets
$253,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
JAMES BUTLER
Phone
8168206756
Tax Period
2021-02-01 to 2021-12-31

MAVERICK CITY MUSIC INITIATIVE INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $375K in total revenue in fiscal year 2021. The organization ran a surplus of $254K, a strong 68% operating margin.

Mission

MAVERICK CITY MUSIC INITIATIVE (MCMI) EXISTS TO HELP PEOPLE FEEL SEEN, HEARD AND EMPOWERED TO LIVE OUT THEIR GOD GIVEN PURPOSE.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $374,800
Program Service Revenue $0
Investment Income $5
Other Revenue $0
TOTAL REVENUE $374,805

Expense Breakdown

Grants Paid $9,529
Salaries & Benefits $30,620
Fundraising Expenses $0
Program Expenses $98,777
Other Expenses $80,940
TOTAL EXPENSES $121,089

Year-over-Year Comparison

2021 2020 Change
Revenue $374,805 N/A N/A
Expenses $121,089 N/A N/A
Net Income $253,716 N/A N/A
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

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
15

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
1
$28,277
Total Directors
6
$28,277
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL J RUMSEY PROGRAM DIRECTOR 40.00
Officer Director
$28,277 $0 $28,277
SCOTT BALLAUF BOARD MEMBER 0.10
Director
$0 $0 $0
ANTHONY BROWN BOARD MEMBER 0.10
Director
$0 $0 $0
JONATHAN JAY BOARD MEMBER 0.10
Director
$0 $0 $0
NORMAN GYAMFI BOARD MEMBER 0.10
Director
$0 $0 $0
JAMES BUTLER BOARD MEMBER 0.10
Director
$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
2021 $374,805 $121,089 $254,591 $253,716
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