Poss Music Works Nfp
Nonprofit profile at a glance
- EIN
- 821686031
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Effingham, IL, USA
- Phone
- 5122034619
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $240,849
- Expenses
- $214,150
- Assets
- $56,051
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- WILLIAM PASSALACQUA (EXECUTIVE DIRECTOR)
- ERIN GOLDSTEIN (PRESIDENT)
- LOUISE LYBARGER (VICE PRESIDENT)
Highest reported compensation
- WILLIAM PASSALACQUA (EXECUTIVE DIRECTOR): $20,000 total reported compensation
- GARRETT BURRIS (DIRECTOR): $6,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Poss music works nfp's mision is to promote the arts through live musical performances in rural communities.
What it reported doing in 2024
Poss music works, nfp hosted a series of summer music festivals in effingham county, il. The festivals included multiple days of live music performed by both local and national artists. The festivals typically celebrate other arts and crafts as well.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- 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 - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 74
- Accountability: 14
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.1%; rating input score 78
- Program expense ratio: 87.9%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 11.1%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: -14.4% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 21% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 78.1% of revenue deployed · 87.9% of spending went to programs
- Governance: 3 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $188K in reported program spending
- Leadership: top reported pay $20K · 8 people listed
- Consistency: 18 of 20 current checks pass · 2 findings to review
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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 — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 27/100.