Flint Institute of Music
Nonprofit profile at a glance
- EIN
- 386159482
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Flint, MI, USA
- Phone
- 8103411752
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $15,892,754
- Expenses
- $16,777,803
- Assets
- $39,000,046
- Liabilities
- $1,746,603
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- Rodney Lontine (President/CEO)
Highest reported compensation
- Rodney Lontine (President/CEO): $243,240 total reported compensation
- Jessica Carlo (VP, Fin. & Admin,): $179,911 total reported compensation
- Ann Marie Van Duyne (Employee): $170,437 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Transforming lives through a lifelong continuum of world-class music, theatre, and dance.
What it reported doing in 2024
Flint Institute of Music (FIM) is a multi-disciplinary performing arts organization transforming the community through the power of the performing arts. Offering a wide range of performances, artistic programs include FIM Flint Symphony Orchestra, one of the longest continually performing orchestras in the country; FIM Flint Repertory Theatre, the lone professional theater for more than 70 miles; and a presenting series of national and international performing artists at FIM Capitol Theatre and FIM Whiting Auditorium. In addition, FIM provides an extensive array of community education and engagement opportunities such as Music Around Town, the Troubadours and an annual school day performance series for students. FIM operates five distinctive performance venues, four situated on the Flint Cultural Center Campus Whiting Auditorium, Elgood Theatre, Bower Theatre, MacArthur Recital Hall at FIM Dort Music Center, and the recently renovated, historic Capitol Theatre is in downtown Flint. FIM venues host its own artistic productions, hundreds of student recitals, community rentals and touring presentations from all over the world. Together FIM programs reach more than 300,000 people annually through lessons, classes, outreach programs, performances, and concerts. Dedicated to serving every (potential) patron with dignity and respect, FIM maintains partnerships with more than six dozen community organizations who help us provide the transformative power of the arts for all of Flint.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 75
- Accountability: 95
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.4%; rating input score 99
- Program expense ratio: 87.2%; rating input score 87
- Fundraising efficiency: $6.89 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 8.3% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 99.4% of revenue deployed · 87.2% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $14.6M in reported program spending
- Leadership: top reported pay $243K · 25 people listed · 1 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 28/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Officer compensation ratio scored 55/100.