Philadelphia Music Alliance Dba Pma Music Fund

Nonprofit profile at a glance

EIN
232434446
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2024, Form 990-N 2011
Location
Bala Cynwyd, PA, USA
Phone
6106673500
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$264,028
Expenses
$217,175
Assets
$261,925
Liabilities
$33,000

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

Leadership & pay

15 people listed

Highest reported compensation

  • ANDREW PACK (Director): $50,000 total reported compensation

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

Overview

Mission

The philadelphia music alliance promotes the vast contributions of philadelphians to all music genres and encourages emerging artists and students toward achieving musical excellence. In addition, the alliance creates, supports and sponsors programs and events that enrich and strengthen philadelphia's musical community. Our best known creation is the walk of fame, a must see tourist attraction on philadelphia's dazzling avenue of the arts. Some of such programs as described above are currently in existence. There will always be additional methods developed and implemented to enrich our local music culture and to assist its participants.

What it reported doing in 2024

Summits- a series taking place - offering high school students engaged in music studies to hear from industry experts. Topics include the creative and business sides of the music industry, with a career path focus. Students are chosen from music programs in the philadelphia school district, as well as musicopia, rock 2 the future and dash.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 86
  • Accountability: 54
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.8%; rating input score 63
  • Program expense ratio: 76.3%; rating input score 76
  • Fundraising efficiency: $22.86 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th 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: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 17.7%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.21; rating input score 46; 46th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 119.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 30.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 28.1% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 62.8% of revenue deployed · 76.3% of spending went to programs
  • Governance: 14 of 15 board members independent · 0 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $166K in reported program spending
  • Leadership: top reported pay $50K · 15 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Accountability: Governance controls: 7 of 7 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.