Music That Matters Inc
Nonprofit profile at a glance
- EIN
- 208883546
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Appleton, WI, USA
- Phone
- 9202712700
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Radio
Reported finances
- Revenue
- $745,875
- Expenses
- $926,696
- Assets
- $1,415,330
- Liabilities
- $548,215
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- DOUG MUELLER (PRESIDENT)
Highest reported compensation
- ROB MOORE (EXECUTIVE DI): $118,203 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a broadcast platform on a radio station known as "the avenue" for charitable causes especially those devoted to helping basic human needs and other non-profit community organizations 501(c)(3) as outlined in the corporate bylaws. The avenue's mission is to promote the message of these non-profits and chariable causes to the public so that the public can in turn provide financial as well as other support to them. The company will provide these messages together with the unique mix of music, to attract a passionate listener group who will in turn hopefully support these local non-profits and basic needs causes.
What it reported doing in 2024
The tax exempt purpose of music that matters, inc. Is to own and operate a radio station for the express purpose of providing on-air radio broadcasts that benefit qualified community nonprofit organizations and/or other local charitable causes, especially those that benefit basic human needs. In so doing, the company will provide a voice and presence through broadcast mentions of these nonprofit organizations and charitable causes so the broadcasts can bring their message to the listening audience. Music that matters, inc. Will provide these messages together with the unique mix of music to attract a passionate listener group who in turn support these local nonprofits.
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 26
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.7%; rating input score 82
- Program expense ratio: 65.8%; rating input score 66
- Fundraising efficiency: $2.46 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- 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: Fail
Sustainability
- Operating margin: -24.2%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 1.53; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 12.8%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: -5.9% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 81.7% of revenue deployed · 65.8% of spending went to programs
- Governance: 6 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $609K in reported program spending
- Leadership: top reported pay $118K · 7 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 28/100.