Frankly Music Inc

Nonprofit profile at a glance

EIN
200359705
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Milwaukee, WI, USA
Phone
4142700200
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Music Groups, Bands, Ensembles

Reported finances

Revenue
$101,264
Expenses
$105,907
Assets
$75,469

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • LAURA J ARNOW (PRESIDENT)

People named in this filing

  • LAURA J ARNOW (PRESIDENT)
  • MARK FRANKE (SECRETARY)
  • TONY FRANDA (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide world class chamber music to diverse audiences

What it reported doing in 2024

Foster growth, appreciation and education of chamber music through concert performances.five live performances were presented during the 2024-2025 season featuring world class musiciansfrom milwaukee, the us and abroad. Each performance featured educational discussions about the music performed.

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 100% 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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.5%; rating input score 85
  • Program expense ratio: 81.7%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.6%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 20.3%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 13.9% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: -3.9% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 85.5% of revenue deployed · 81.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $87K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Sustainability: Operating margin scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.