Detroit Musicians Fund
Nonprofit profile at a glance
- EIN
- 205320451
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Southfield, MI, USA
- Phone
- 2485695400
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $16,522
- Expenses
- $21,348
- Assets
- $254,935
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- CARL CAFAGNA (TREASURER): $74,666 total reported compensation
- RALPHE ARMSTRONG (CHAIR): $2,670 total reported compensation
- ALAN AYOUB (DIRECTOR): $1,539 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Assist musicians in the metropolitan detroit area
What it reported doing in 2023
Grants to assist musicians with music education and hardship needs
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 62
- Accountability: 69
- Sustainability: 48
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.2%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 15%; rating input score 15; 41st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -29.2%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 11.94; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 5.3%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 0% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 40th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.2% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $21K in reported program spending
- Leadership: top reported pay $75K · 6 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 15/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 38/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 18/100.