SANTA MONICA SCIENCE MAGNET (EIN 203658263) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Renee Bloom

Phone

3104522326

Tax Period

2023-07-01 to 2024-06-30

SANTA MONICA SCIENCE MAGNET, founded in 2006, is a micro nonprofit in the Education sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 134% from the prior year — a significant decline worth monitoring.

Mission

THE SANTA MONICA SCIENCE MAGNET PROGRAM IS A TWO YEAR PROGRAM DESIGNED FOR STUDENTS WHO DEMONSTRATE INTEREST IN THE SCIENCES. THIS PROGRAM OFFERS EXTRA CURRICULAR ACTIVITIES TO 7TH AND 8TH GRADERS. THE ASSOCIATION'S ACTIVITIES ARE DESIGNED TO ENHANCE THE STUDENT'S SCIENCE EXPERIENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,704

Program Service Revenue $0

Investment Income $1,274

Other Revenue $-25,657

TOTAL REVENUE $-15,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,863

Other Expenses $13,365

TOTAL EXPENSES $13,365

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-15,679	$45,995	-1.3%
Expenses	$13,365	$15,252	-0.1%
Net Income	$-29,044	$30,743	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Amy Chapman	Vice President	Officer	$0	$0	$0
Kim Crawford	Treasurer	Officer	$0	$0	$0
Becky MacFarlane	Secretary	Officer	$0	$0	$0
Renee Bloom	President	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$-15,679	$13,365	$183,484	$-29,044
2023	$45,995	$15,252	$202,328	$30,743
2022	$62,999	$13,884	$185,695	$49,115
2021	$20,509	$10,688	$181,416	$9,821
2020	$174,777	$202,640	$171,568	$-27,863
2019	$284,277	$339,285	$199,554	$-55,008
2018	$336,376	$323,384	$254,405	$12,992

SANTA MONICA SCIENCE MAGNET