Musicians for Music
Nonprofit profile at a glance
- EIN
- 720811093
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- New Orleans, LA, USA
- Phone
- 5043431124
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $55,289
- Expenses
- $54,613
- Assets
- $27,246
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Fran Comiskey (President)
- Elizabeth Hodnett (Vice President)
People named in this filing
- Fran Comiskey (President)
- Patricia Fisher (Director/Treasurer)
- Carlos Valladares (Secretary)
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
The MISSION of Musicians for Music is to stimulate, encourage, nurture & promote educational, cultural & fine arts activities in Louisiana, especially those that involve the creation of new works by new & emerging artists.
What it reported doing in 2024
Musician For Music Live Performance Activities 1 1 24 to 12 31 24 103 Live Performances in Orleans Parish/ 157 Live Performances in Louisiana, Including: 2 parks 2 Arts Markets 2 museums 1 Cultural Center 2 Hospitals 2 schools 3 Porch Concerts 2 Libraries 1 Church 3 Festivals 1 three-day Educational Series 1 radio interview 564 artists services in Orleans Parish 734 artists services in Louisiana
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 5
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.6%; rating input score 6
- Program expense ratio: 2.9%; rating input score 3
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: 1.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 42.4%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -94.4% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 67.2% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 5.6% of revenue deployed · 2.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 4/100.