NATIONAL ACADEMY OF RECORDING ARTS… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

HARVEY MASON JR

Phone

3103923777

Tax Period

2024-08-01 to 2025-07-31

NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC, founded in 1987, is a major nonprofit that reported $104.6M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO ADVANCE THE ARTS AND SCIENCES OF RECORDING AND TO FOSTER CREATIVE LEADERSHIP FOR ARTISTIC, CULTURAL, EDUCATIONAL, AND TECHNICAL PROGRESS IN THE RECORDING FIELD. A PRIMARY ACTIVITY OF THE RECORDING ACADEMY IS THE RECOGNITION OF OUTSTANDING CREATIVE AND TECHNICAL ACHIEVEMENTS IN THE RECORDING ARTS OF THOSE DEEMED TO BE MOST WORTHY BY THEIR PEERS THROUGH THE ANNUAL PRESENTATION OF THE GRAMMY AWARDS.

Program Service Accomplishments

Program 1

THE RECORDING ACADEMY PRODUCES THE GRAMMY AWARDS, THE ONLY PEER-PRESENTED AWARD TO HONOR ARTISTIC ACHIEVEMENT, TECHNICAL PROFICIENCY, AND EXCELLENCE IN THE RECORDING INDUSTRY, WITHOUT REGARD TO ALBUM...

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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 $2,248,543

Program Service Revenue $86,145,900

Investment Income $8,419,658

Other Revenue $7,774,300

TOTAL REVENUE $104,588,401

Expense Breakdown

Grants Paid $6,167,203

Salaries & Benefits $31,582,897

Fundraising Expenses $0

Other Expenses $66,616,587

TOTAL EXPENSES $104,366,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$104,588,401	$107,077,320	0.0%
Expenses	$104,366,687	$121,759,027	-0.1%
Net Income	$221,714	$-14,681,707	-1.0%

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

246

Volunteers

500

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

$1,451,414

Total Directors

Key Employees

$3,140,811

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELIQUE KIDJO	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
ANNA FRICK	AT-LARGE TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
ARMAND HUTTON	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
ASHLEY SHABANKAREH	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
CARL NAPPA	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
CHECHE ALARA	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE ALBERT	CHAIR EMERITUS (TO 5/31/25)	1.00	Director	$0	$0	$0
DANIELLE DANI DEAHL TANG	TRUSTEE	1.00	Director	$0	$0	$0
DAVE GROSS	TRUSTEE	1.00	Director	$0	$0	$0
DENISE AVERYSUNSHINE JOHNSON	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
DIVINITY ROXX	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
DONN THOMPSON MORELLI DONN T	AT-LRG TTEE (TO 6/1), TTEE (FROM 6/1)	1.00	Director	$0	$0	$0
DR ALEX E CHAVEZ	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
DR CHELSEY GREEN VICE CHAIR	(TO 5/31), NAT. CHAIR (FROM 6/1)	5.00	Director	$0	$0	$0
ERIC LILAVOIS	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
ERIK EJ GAINES	TRUSTEE	1.00	Director	$0	$0	$0
EVAN BOGART	TTEE (TO 5/1), VICE CHAIR (FROM 6/1)	5.00	Director	$0	$0	$0
FLETCHER FOSTER	TRUSTEE	1.00	Director	$0	$0	$0
GEBRE WADDELL	SECRETARY/TREASURER (TO 5/31/25)	5.00	Director	$0	$0	$0
J IVY	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
JENNIFER BLAKEMAN AT-LRG TTEE	(TO 5/31), SEC/TREAS (FROM 6/1)	5.00	Director	$0	$0	$0
JENNIFER HANSON	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
JESSICA THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN YIP	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
JORDAN TAYLOR HANSON	TRUSTEE	1.00	Director	$0	$0	$0
JULIA MICHELS	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
JULIO BAGUE	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN HENNY HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KEN SHEPHERD	TRUSTEE	1.00	Director	$0	$0	$0
KENNARD GARRETT	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
LACHI MUSIC	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
LARRY BATISTE	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
LEDISI	TRUSTEE	1.00	Director	$0	$0	$0
MAGGIE ROSE DURANTE	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
MARCELLA ARAICA	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
MARCUS BAYLOR	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
MARIA EGAN	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
MATT MAHER	AT-LARGE TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
MICHELLE MEKA NISM STRIER	TRUSTEE	1.00	Director	$0	$0	$0
MIKE KNOBLOCH	TRUSTEE	1.00	Director	$0	$0	$0
NIKISHA BAILEY	TRUSTEE	1.00	Director	$0	$0	$0
PAUL WALL	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
RETO PETER	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
RIGGS MORALES	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
SARA GAZAREK	TRUSTEE	1.00	Director	$0	$0	$0
SEAN FLAHAVEN	AT-LARGE TRUSTEE (FROM 6/21/25)	1.00	Director	$0	$0	$0
SUE ENNIS	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
SUSAN MARSHALL	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
TAMARA WELLONS	TRUSTEE	1.00	Director	$0	$0	$0
TAMMIE TAMI LATRELL HARRIS	AT-LARGE TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
TAMMY HURT NAT CHAIR TO 531	CHAIR EMERITUS (FROM 6/1)	20.00	Director	$0	$0	$0
TERESA LABARBERA	TRUSTEE (FROM 6/1/25)	1.00	Director	$0	$0	$0
TERRY JONES	TRUSTEE	1.00	Director	$0	$0	$0
TORAE CARR	TRUSTEE	1.00	Director	$0	$0	$0
TRACY GERSHON	TRUSTEE (TO 5/31/25)	1.00	Director	$0	$0	$0
WOYNEAB WAYNA WONDWOSSAN	TRUSTEE	1.00	Director	$0	$0	$0
HARVEY MASON JR	CHIEF EXECUTIVE OFFICER	40.00	Officer	$941,045	$15,959	$957,004
WAYNE J ZAHNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$463,135	$31,275	$494,410
PANOS A PANAY	PRESIDENT	40.00	Key Emp	$769,032	$38,113	$807,145
BRANDEN CHAPMAN	CHIEF OPERATING OFFICER	40.00	Key Emp	$571,423	$28,075	$599,498
RUBY MARCHAND	CHIEF AWARDS & INDUSTRY OFFICER	40.00	Key Emp	$496,130	$44,622	$540,752
ADAM ROTH	SVP, PARTNERSHIPS & BUSINESS DEVELOPMENT	40.00	Key Emp	$384,082	$24,019	$408,101
JENNIFER JONES	CHIEF LEGAL OFFICER	40.00	Key Emp	$351,601	$49,613	$401,214
SHONDA GRANT	CHIEF PEOPLE & CULTURE OFFICER	40.00	Key Emp	$333,236	$50,865	$384,101
DAVID GREGORY	CHIEF INFORMATION OFFICER	40.00	Highest	$366,195	$43,116	$409,311
TODD DUPLER	CHIEF ADVOCACY & PUBLIC POLICY OFFICER	40.00	Highest	$348,150	$45,721	$393,871
JOHN LOKEN	EXECUTIVE VICE PRESIDENT, MARKETING	40.00	Highest	$324,609	$43,376	$367,985
SEAN SMITH	EXECUTIVE VICE PRESIDENT, COMMUNICATIONS	40.00	Highest	$323,570	$709	$324,279
ROSE POLIDORO	VICE PRESIDENT, PARTNERSHIPS	40.00	Highest	$303,691	$16,562	$320,253

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	$104,588,401	$104,366,687	$139,918,739	$221,714
2024	$107,077,320	$121,759,027	$129,610,534	$-14,681,707
2023	$90,864,636	$102,999,424	$121,343,871	$-12,134,788
2022	$89,323,542	$88,469,869	$126,130,993	$853,673
2022	$89,323,542	$88,469,869	$126,130,993	$853,673
2021	$73,681,549	$79,879,674	$144,766,278	$-6,198,125
2020	$85,467,768	$89,788,375	$126,159,052	$-4,320,607
2019	$91,623,364	$90,571,108	$138,315,613	$1,052,256
2018	$96,155,475	$89,888,846	$138,704,299	$6,266,629

NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC