ACADEMY OF COUNTRY MUSIC

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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

1968

Legal Domicile

Principal Officer

CARMEN ROMANO

Phone

6153754226

Tax Period

2023-01-01 to 2023-12-31

ACADEMY OF COUNTRY MUSIC, founded in 1968, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $13.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO IMPROVE LIVES BY CONNECTING AND ENGAGING FANS, ARTISTS AND THE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $9,011,675 Revenue: $9,387,773

THE ORGANIZATION HANDLES BALLOTING & ORGANIZATION OF THE ANNUAL ACADEMY OF COUNTRY MUSIC AWARDS SHOW BROADCASTED ON TV. THIS IS THE PRIMARY METHOD OF INCREASING AWARENESS OF THE INDUSTRY.

Program 2

Revenue: $541,876

MEMBER EVENTS DESIGNED TO HONOR COUNTRY MUSIC PERFORMERS AND PROMOTE THE ACADEMY.

Program 3

Expenses: $1,257,385 Revenue: $1,307,308

ACM HONORS

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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 $0

Program Service Revenue $10,460,631

Investment Income $288,336

Other Revenue $776,326

TOTAL REVENUE $11,525,293

Expense Breakdown

Grants Paid $563

Salaries & Benefits $3,210,760

Fundraising Expenses $0

Program Expenses $10,269,060

Other Expenses $9,885,642

TOTAL EXPENSES $13,096,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,525,293	$7,915,143	+0.5%
Expenses	$13,096,965	$10,947,542	+0.2%
Net Income	$-1,571,672	$-3,032,399	-0.5%

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

161

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

$718,352

Total Directors

Key Employees

$173,749

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNIE ORTIMEIER	DIRECTOR	5.00	Director	$0	$0	$0
BECKY GARDENHIRE	DIRECTOR	5.00	Director	$0	$0	$0
BETH LAIRD	DIRECTOR	5.00	Director	$0	$0	$0
BEVILLE DUNKERLEY	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN O'CONNELL	DIRECTOR	5.00	Director	$0	$0	$0
BRITTANY SCHAFFER	DIRECTOR	5.00	Director	$0	$0	$0
BUTCH WAUGH	PAST CHAIR	5.00	Director	$0	$0	$0
CANDACE WATKINS	DIRECTOR	5.00	Director	$0	$0	$0
CARMEN ROMANO	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLIE COOK	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS KAPPY	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS LISLE	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS PARR	DIRECTOR	5.00	Director	$0	$0	$0
CHUCK ALY	PAST CHAIR	5.00	Director	$0	$0	$0
CINDY MABE	DIRECTOR	5.00	Director	$0	$0	$0
CRIS LACY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CURT MOTLEY	DIRECTOR	5.00	Director	$0	$0	$0
CYNDI FORMAN	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL MILLER	DIRECTOR	5.00	Director	$0	$0	$0
DARIN MURPHY	PAST CHAIR	5.00	Director	$0	$0	$0
DEANA IVEY	DIRECTOR	5.00	Director	$0	$0	$0
DEREK WELLS	DIRECTOR	5.00	Director	$0	$0	$0
DUANE CLARK	PAST CHAIR	5.00	Director	$0	$0	$0
EBIE MCFARLAND	CHAIR	5.00	Officer Director	$0	$0	$0
ED WARM	PAST CHAIR	5.00	Director	$0	$0	$0
ENZO DEVINCENZO	DIRECTOR	5.00	Director	$0	$0	$0
FRANK LIDDELL	DIRECTOR	5.00	Director	$0	$0	$0
GAYLE HOLCOMB	SERGEANT-AT-ARMS	5.00	Officer Director	$0	$0	$0
GEORGE COURI	DIRECTOR	5.00	Director	$0	$0	$0
JACKIE CAMPBELL	DIRECTOR	5.00	Director	$0	$0	$0
JEFF KRONES	PARLIAMENTARIAN	5.00	Officer Director	$0	$0	$0
JEREMY HOLLEY	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN LOBA	DIRECTOR	5.00	Director	$0	$0	$0
KATIE MCCARTNEY	DIRECTOR	5.00	Director	$0	$0	$0
KELLY RICH	DIRECTOR	5.00	Director	$0	$0	$0
KEN TUCKER	PAST CHAIR	5.00	Director	$0	$0	$0
KERRI EDWARDS	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN REAM	DIRECTOR	5.00	Director	$0	$0	$0
LEE THOMAS MILLER	DIRECTOR	5.00	Director	$0	$0	$0
LORI BADGETT	PAST CHAIR	5.00	Director	$0	$0	$0
MARK HARTLEY	PAST CHAIR	5.00	Director	$0	$0	$0
MIKE MOLINAR	DIRECTOR	5.00	Director	$0	$0	$0
PAUL BARNABEE	PAST CHAIR	5.00	Director	$0	$0	$0
PAUL MOORE	DIRECTOR	5.00	Director	$0	$0	$0
RANDY BERNARD	VICE CHAIR	5.00	Officer Director	$0	$0	$0
ROD ESSIG	PAST CHAIR	5.00	Director	$0	$0	$0
ROD PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
RUSTY GASTON	DIRECTOR	5.00	Director	$0	$0	$0
RYAN REDINGTON	DIRECTOR	5.00	Director	$0	$0	$0
SALLY SEITZ	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT SCOVILL	DIRECTOR	5.00	Director	$0	$0	$0
SHANNON SANDERS	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN MCSPADDEN	DIRECTOR	5.00	Director	$0	$0	$0
TIM ROBERTS	DIRECTOR	5.00	Director	$0	$0	$0
TJ OSBORNE	DIRECTOR	5.00	Director	$0	$0	$0
TROY VOLLHOFFER	DIRECTOR	5.00	Director	$0	$0	$0
JAKE BASDEN	DIRECTOR	5.00	Director	$0	$0	$0
RYAN BEUSCHEL	DIRECTOR	5.00	Director	$0	$0	$0
BRELAND	DIRECTOR	5.00	Director	$0	$0	$0
SCOT CALONGE	DIRECTOR	5.00	Director	$0	$0	$0
JOHNNY CHIANG	DIRECTOR	5.00	Director	$0	$0	$0
BUFFY COOPER	DIRECTOR	5.00	Director	$0	$0	$0
BENSON CURB	DIRECTOR	5.00	Director	$0	$0	$0
MARGARET HART	DIRECTOR	5.00	Director	$0	$0	$0
SHANNAN HATCH	DIRECTOR	5.00	Director	$0	$0	$0
GENA JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
CHANDRA LAPLUME	DIRECTOR	5.00	Director	$0	$0	$0
MIKE MOORE	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK MOORE	DIRECTOR	5.00	Director	$0	$0	$0
CARLY PEARCE	DIRECTOR	5.00	Director	$0	$0	$0
MIKE RITTBERG	DIRECTOR	5.00	Director	$0	$0	$0
KRISTIE SLOAN	DIRECTOR	5.00	Director	$0	$0	$0
RANDI TOLBERT	DIRECTOR	5.00	Director	$0	$0	$0
LAURA VELTZ	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER WAY	DIRECTOR	5.00	Director	$0	$0	$0
ADAM WEISER	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL WHITNEY	DIRECTOR	5.00	Director	$0	$0	$0
ERIKA WOLLAM NICHOLS	DIRECTOR	5.00	Director	$0	$0	$0
JASON KANE	DIRECTOR	5.00	Director	$0	$0	$0
DAMON WHITESIDE	CEO	50.00	Officer	$718,352	$0	$718,352
ALEXA FASHEH	VP FINANCE & OPERATIONS	50.00	Key Emp	$173,749	$0	$173,749

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	No data	No data	No data	No data
2023	$11,525,293	$13,096,965	$9,658,462	$-1,571,672
2022	$7,915,143	$10,947,542	$11,504,315	$-3,032,399
2021	$15,266,512	$8,295,873	$15,432,642	$6,970,639
2020	$3,919,104	$7,614,048	$7,947,637	$-3,694,944
2019	$10,931,817	$12,992,431	$12,265,346	$-2,060,614
2018	$9,662,559	$9,119,304	$14,702,538	$543,255