BLACK MUSIC ACTION COALITION INC (EIN 920894392) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

WILLIE STIGGERS

Phone

6153090969

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

EMPOWERMENT AND EDUCATION IN MUSIC

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,800,378

Program Service Revenue $0

Investment Income $18,980

Other Revenue $239,765

TOTAL REVENUE $2,059,123

Expense Breakdown

Grants Paid $221,000

Salaries & Benefits $185,388

Fundraising Expenses $55,750

Program Expenses $1,964,826

Other Expenses $2,116,028

TOTAL EXPENSES $2,522,416

Year-over-Year Comparison

	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%

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

$132,500

Total Directors

$77,035

Key Employees

Highest Compensated

reported

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

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
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

BLACK MUSIC ACTION COALITION INC