INSTITUTE FOR MUSIC BUSINESS LLC

EIN: 920975344 501(c)(3) Education

TALLAHASSEE, FL

Total Revenue
$368,010
Total Expenses
$372,159
Total Assets
$271,308
Net Assets
$250,083
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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
FL
Principal Officer
ANGELA M POOLE PHD
Phone
8447687422
Tax Period
2025-01-01 to 2025-12-31

INSTITUTE FOR MUSIC BUSINESS LLC, founded in 2022, is a small nonprofit in the Education sector that reported $368K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

DELIVERING HIGH-QUALITY, CUTTING-EDGE EDUCATION AND TRAINING PROGRAMS THAT EQUIP STUDENTS WITH THE SKILLS THEY NEED TO SUCCEED IN TODAY'S MUSIC INDUSTRY

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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 (2025)

Revenue Breakdown

Contributions & Grants $330,294
Program Service Revenue $37,712
Investment Income $4
Other Revenue $0
TOTAL REVENUE $368,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,602
Fundraising Expenses $0
Program Expenses $317,415
Other Expenses $201,557
TOTAL EXPENSES $372,159

Year-over-Year Comparison

2025 2024 Change
Revenue $368,010 $279,779 +0.3%
Expenses $372,159 $228,485 +0.6%
Net Income $-4,149 $51,294 -1.1%
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
4
Independent Members
4
Employees
3
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN BROWN DIRECTOR N/A
Officer
$0 $0 $0
ANGELA M POOLE PHD PRESIDENT, C N/A
Officer
$0 $0 $0
THEOTIS STALLWORTH CHAIRMAN N/A
Officer
$0 $0 $0
TERRY WATSON TREASURER, S N/A
Officer
$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 $368,010 $372,159 $271,308 $-4,149
2024 $279,779 $228,485 $204,692 $51,294
2022 $32,101 $32,101 No data No data
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