BLACK MUSIC ACTION COALITION LTD

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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

2020

Legal Domicile

Principal Officer

WILLIE STIGGERS

Phone

6153090969

Tax Period

2023-01-01 to 2023-12-31

BLACK MUSIC ACTION COALITION LTD, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $98K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $324K exceeded revenue, resulting in a 231% operating deficit.

Mission

BMAC IS AN ORGANIZATION FORMED TO CREATE ACCESS, OPPORTUNITY AND EMPOWERMENT IN MUSIC AND TO USE THE POWER OF MUSIC TO CREATE POSITIVE SYSTEMIC CHANGE.

Program Service Accomplishments

Program 1

BLACK MUSIC ACTION COALITION ("BMAC") WORKS TO CREATE A UNIFIED FORCE OF ACTION FOR EQUITY AND JUSTICE WITHIN THE MUSIC INDUSTRY AND TO USE THE POWER OF OUR COLLECTIVE VOICE TO IMPROVE COMMUNITIES...

BLACK MUSIC ACTION COALITION ("BMAC") WORKS TO CREATE A UNIFIED FORCE OF ACTION FOR EQUITY AND JUSTICE WITHIN THE MUSIC INDUSTRY AND TO USE THE POWER OF OUR COLLECTIVE VOICE TO IMPROVE COMMUNITIES AND DRIVE SYSTEMIC CHANGE. BMAC ADVOCATES ON BEHALF OF ARTISTS, SONGWRITERS, PRODUCERS, MANAGERS, AGENTS, EXECUTIVES, AND LAWYERS TO CREATE ACCESS, EQUITY AND OPPORTUNITY. BMAC WORKS TOGETHER WITH BUSINESS LEADERS TO HOLD COMPANIES ACCOUNTABLE AND ENSURE CHANGE TAKES ROOT. BMAC WORKS TO DRIVE POLICY CHANGE AROUND SOCIAL AND RACIAL JUSTICE AND PROTECTION OF ARTISTS WITH A FOCUS ON CAUSES THAT DIRECTLY IMPACT COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $6,586

Investment Income $333

Other Revenue $89,770

TOTAL REVENUE $97,689

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $94,043

Fundraising Expenses $0

Other Expenses $224,543

TOTAL EXPENSES $323,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,689	$372,230	-0.7%
Expenses	$323,586	$155,114	+1.1%
Net Income	$-225,897	$217,116	-2.0%

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

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

$221,895

Total Directors

$151,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE STIGGERS	PRESIDENT	40.00	Officer Director	$151,667	$0	$151,667
SHAWN HOLIDAY	EXECUTIVE VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CARON VEAZEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHAUNNA AYARS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NAIMA COCHRANE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMIL DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
DAMIEN SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
ANN GILBERTSON HAGGART	DIRECTOR OF OPERATIONS	40.00	Officer	$70,228	$0	$70,228

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
2023	$97,689	$323,586	$71,953	$-225,897
2022	$372,230	$155,114	$243,061	$217,116