WEST HOLLYWOOD, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLACK MUSIC ACTION COALITION INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 22% operating deficit.
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, SONGRWRITERS, 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.
THE BLACK MUSIC ACTION COALITION (BMAC) ANNUAL GALA IS A SIGNIFICANT EVENT AND FUNDRAISER TO CELEBRATE MUSIC ARTISTS AND INDUSTRY PROFESSIONALS FOR THEIR COMMITMENT TO POSITIVE IMPACT. BMAC USES THE...
THE BLACK MUSIC ACTION COALITION (BMAC) ANNUAL GALA IS A SIGNIFICANT EVENT AND FUNDRAISER TO CELEBRATE MUSIC ARTISTS AND INDUSTRY PROFESSIONALS FOR THEIR COMMITMENT TO POSITIVE IMPACT. BMAC USES THE EVENT TO HIRE A ROSTER OF EMERGING PROFESSIONALS WHO HAVE GRADUATED FROM BMAC MENTORSHIP AND PIPELINE PROGRAMS TO WORK IN PAID POSITIONS FOR THE EVENT. 2024 BMAC HONOREES INCLUDED QUINCY JONES HUMANITARIAN AWARD, USHER, CLARENCE AVANT TRAILBLAZER AWARD, LL COOL J, BMAC SOCIAL IMPACT AWARD, BET, BMAC CHANGE AGENT AWARD, IVY MCGREGOR, BMAC 365 AWARD, LIVE NATION. BMAC USES THE EVENT TO CREATE AWARENESS AND FUNDING FOR KEY BMAC PROGRAMMING.
BMAC works to create access and opportunity in the music industry through our Music Maker Program which consists of Music Maker Grants given to emerging music artists and Music Maker Educational...
BMAC works to create access and opportunity in the music industry through our Music Maker Program which consists of Music Maker Grants given to emerging music artists and Music Maker Educational Programming which provides education for emerging music industry professionals. BMAC Music Maker Grant Programs include, the BMAC x Jimmy Jam & Terry Lewis Music Maker Grants, the BMAC x Victoria Mont Music Maker Grants, the BMAC x Luther Vandross Music Maker Grants. BMAC is proud to present Music Maker programs that offer career education and opportunities like BMAC Live with Live Nation, BMAC Live with Rolling Loud and the BMAC Music Business Accelerator at TSU. The BMAC Music Maker Program also affords graduates from BMAC programs the chance to work Music Maker events and Music Maker Programming as paid interns.
BMAC x Rock & Rolls Hall of FameMusic Maker Guaranteed Income and Mentorship Program - BMAC and the Rock & Roll Hall of Fame joined forces for a collaboration to support emerging music artists from...
BMAC x Rock & Rolls Hall of FameMusic Maker Guaranteed Income and Mentorship Program - BMAC and the Rock & Roll Hall of Fame joined forces for a collaboration to support emerging music artists from across the country through the BMAC x Rock & Rolls Hall of Fame Music Maker Guaranteed Income and Mentorship Program. The program was designed to create economic empowerment and access to the music industry. BMAC and the Rock & Roll Hall of Fame provided a year of economic support, and mentorship support to emerging music Artists and music industry professionals. The year of economic support assisted with basic needs such as rent, utilities and food, as well as opened the door for previously challenging career moves such as studio time, travel for shows or networking opportunities, marketing, and even legal services. In addition to economic support, the coalition provided industry exposure, and visibility with BMAC and Rock & Roll Hall of Fame members and industry leaders and the chance for future mentorship or career opportunities. This program built on the previous BMAC program that finished in 2024, the BMAC x Academy of Country Music Guaranteed Income & Support Services Program that provided economic support and mentorship to emerging artists and music executives in Nashville, TN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,059,123 | $4,245,645 | -0.5% |
| Expenses | $2,522,416 | $2,115,318 | +0.2% |
| Net Income | $-463,293 | $2,130,327 | -1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| WILLIE STIGGERS | President & CEO | 30.00 |
Officer
Director
|
$77,035 | $0 | $77,035 |
| ANN GILBERTSON HAGGART | Director | 30.00 |
Officer
|
$55,465 | $0 | $55,465 |
| SHAWN HOLIDAY | 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,059,123 | $2,522,416 | $1,777,119 | $-463,293 |
| 2023 | $4,245,645 | $2,115,318 | $2,302,827 | $2,130,327 |
| 2023 | $4,245,645 | $2,115,318 | $2,302,827 | $2,130,327 |
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