Music That Matters Inc

Music That Matters Inc. shows stable finances with no officer compensation, but had a significant revenue spike in 2019 and past high liabilities.

EIN: 208883546 · Appleton, WI · NTEE: A34 · Updated: 2026-03-28

$790KRevenue

$1.4MAssets

85/100Mission Score (Excellent)

A34

About Music That Matters Inc

Music That Matters Inc (EIN: 208883546) is a nonprofit organization based in Appleton, WI, classified under NTEE code A34. The organization reported total revenue of $790K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Music That Matters Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Music That Matters Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities in recent years, reaching $1,616,387 in assets against $568,451 in liabilities in 2023. The organization has shown a positive trend in revenue and managed expenses effectively, as evidenced by the 2023 period where revenue of $924,184 surpassed expenses of $849,618. However, there was a significant anomaly in 2019 with reported revenue of $8,755,629, which sharply contrasts with typical annual revenues around $700,000-$900,000, warranting further investigation into its source and impact. The organization consistently reports 0% officer compensation, indicating strong financial stewardship regarding executive pay.

Spending efficiency appears to be reasonable, with expenses generally aligned with revenue, preventing significant deficits in most recent periods. The absence of officer compensation is a positive indicator of resource allocation towards the mission. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall financial health suggests a capacity to deliver on its mission. The organization's consistent filing history over 13 periods also points to a commitment to transparency through regular reporting.

One area for closer examination is the fluctuating liability figures in earlier years, particularly the high liabilities between 2014 and 2018, which reached over $8 million in 2018, before significantly decreasing to more manageable levels in subsequent years. Understanding the nature of these past liabilities and their resolution would provide a more complete picture of long-term financial stability. The recent trend, however, shows a healthy balance sheet.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Music That Matters Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Music That Matters Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Music That Matters Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is a strong positive for resource allocation.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Music That Matters Inc's IRS 990 filings:

Unexplained significant revenue spike in 2019 ($8.7M vs. typical ~$700K-$900K)
Historically high liabilities between 2014-2018 (e.g., $8.09M in 2018) without clear explanation of their nature or resolution.

Strengths

The following positive indicators were identified for Music That Matters Inc:

Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
Positive net income in recent years (e.g., $74,566 in 2023), demonstrating financial sustainability.
Assets consistently exceed liabilities in recent periods, indicating a healthy balance sheet.
Long history of IRS 990 filings (13 filings), suggesting a commitment to transparency.

Frequently Asked Questions about Music That Matters Inc

What caused the $8.7 million revenue spike in 2019?

The provided data shows a revenue of $8,755,629 in 2019, which is an outlier compared to the typical annual revenues of $700,000-$900,000. The nature of this significant increase is not detailed in the provided data and would require further investigation into the specific 990 filing for that period.

What were the details of the high liabilities between 2014 and 2018?

Between 2014 and 2018, liabilities for Music That Matters Inc. were exceptionally high, peaking at over $8 million in 2018. The provided data does not specify the nature of these liabilities (e.g., debt, deferred revenue, etc.), and understanding their composition and subsequent resolution would be crucial for a complete financial assessment.

How does the organization allocate its expenses between program, administrative, and fundraising activities?

The provided summary data does not break down expenses into specific categories like program, administrative, and fundraising. While the overall financial health appears stable, a detailed expense breakdown from the 990 forms would be necessary to accurately assess spending efficiency in these areas.

Filing History

IRS 990 filing history for Music That Matters Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Music That Matters Inc's revenue has grown by 35.2%, moving from $684K to $924K. Total assets increased by 73.2% over the same period, from $933K to $1.6M. Total functional expenses fell by 48.7%, from $1.7M to $850K. In its most recent filing year (2023), Music That Matters Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $568K in liabilities against $1.6M in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$924K	$850K	$1.6M	$568K	—	—
2022	$703K	$747K	$1.5M	$471K	—	View 990
2021	$752K	$739K	$1.1M	$30K	—	View 990
2020	$694K	$735K	$1.0M	$31K	—	View 990
2019	$8.8M	$723K	$1.1M	$89K	—	View 990
2018	$530K	$640K	$1.1M	$8.1M	—	View 990
2017	$659K	$1.0M	$974K	$8.1M	—	View 990
2016	$591K	$1.8M	$1.1M	$7.9M	—	View 990
2015	$732K	$1.5M	$911K	$6.5M	—	View 990
2014	$1.6M	$1.6M	$1.2M	$6.0M	—	View 990
2013	$489K	$1.5M	$990K	$5.8M	—	View 990
2012	$608K	$1.9M	$862K	$4.6M	—	View 990
2011	$684K	$1.7M	$933K	$3.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $924K, expenses of $850K, and assets of $1.6M (revenue +31.5% year-over-year).
2022: Revenue of $703K, expenses of $747K, and assets of $1.5M (revenue -6.5% year-over-year).
2021: Revenue of $752K, expenses of $739K, and assets of $1.1M (revenue +8.3% year-over-year).
2020: Revenue of $694K, expenses of $735K, and assets of $1.0M (revenue -92.1% year-over-year).
2019: Revenue of $8.8M, expenses of $723K, and assets of $1.1M (revenue +1551.0% year-over-year).
2018: Revenue of $530K, expenses of $640K, and assets of $1.1M (revenue -19.5% year-over-year).
2017: Revenue of $659K, expenses of $1.0M, and assets of $974K (revenue +11.5% year-over-year).
2016: Revenue of $591K, expenses of $1.8M, and assets of $1.1M (revenue -19.3% year-over-year).
2015: Revenue of $732K, expenses of $1.5M, and assets of $911K (revenue -53.5% year-over-year).
2014: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue +221.8% year-over-year).
2013: Revenue of $489K, expenses of $1.5M, and assets of $990K (revenue -19.5% year-over-year).
2012: Revenue of $608K, expenses of $1.9M, and assets of $862K (revenue -11.1% year-over-year).
2011: Revenue of $684K, expenses of $1.7M, and assets of $933K.

Data Sources and Methodology

This transparency report for Music That Matters Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.