Imagine Los Angeles Inc

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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

Jill Bauman

Phone

3239440210

Tax Period

2024-01-01 to 2024-12-31

Imagine Los Angeles Inc, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

Imagine LA is a nonprofit organization working to end the cycle of family poverty and homelessness by preventing first-time and repeat homelessness and equipping families to maintain housing stability and thrive long-term. Together with families we transform lives through a holistic combination of clinical case management, economic mobility pathways, and whole-family mentorship.

Program Service Accomplishments

Program 1

Expenses: $1,103,550

The Benefit Navigator - a unique online tool App designed to help individuals and family members identify and access public benefits and tax credits available to them as well as help calculate how...

The Benefit Navigator - a unique online tool App designed to help individuals and family members identify and access public benefits and tax credits available to them as well as help calculate how any income changes will affect those benefits. This work impacted the professional services/contractor expenses.

Program 2

Expenses: $936,250

Family Partnership Model In early 2019, Imagine LA launched the Economic Mobility Initiative to access and analyze the persistent economic barriers families faced, including insufficient childcare...

Family Partnership Model In early 2019, Imagine LA launched the Economic Mobility Initiative to access and analyze the persistent economic barriers families faced, including insufficient childcare, access to living wage career development pathways, financial fitness skills and navigating the complex public benefit system. Imagine LA soon learned that the fears and lack of transparency that surrounded the public benefit system was the most pervasive barrier to economic mobility. Families feared, especially having just emerged from homelessness that earning more income would mean that they would lose their benefits and their housing.See Schedule O for more details.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,485,206

Program Service Revenue $150,070

Investment Income $-64

Other Revenue $2,816

TOTAL REVENUE $2,638,028

Expense Breakdown

Grants Paid $31,428

Salaries & Benefits $1,563,983

Fundraising Expenses $233,936

Program Expenses $2,039,800

Other Expenses $1,062,727

TOTAL EXPENSES $2,658,138

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,638,028	$2,844,455	-0.1%
Expenses	$2,658,138	$3,047,357	-0.1%
Net Income	$-20,110	$-202,902	-0.9%

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

Employees

Volunteers

102

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

$437,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Bauman	CEO	40.00	Officer	$132,585	$18,419	$151,004
Karinn Cologne	Former COO	40.00	Officer	$114,496	$7,198	$121,694
TuLynn Smylie	Former CEO	40.00	Officer	$94,376	$5,437	$99,813
Joey Milne	Former CEO	40.00	Officer	$62,868	$2,225	$65,093
Joe Takai	Chairman	2.00	Officer Director	$0	$0	$0
George Phillips Jr	Vice Chair	2.00	Officer Director	$0	$0	$0
Lindsay Dunn	Treasurer	2.00	Officer Director	$0	$0	$0
Troy Brown	Secretary	2.00	Officer Director	$0	$0	$0
Cambria Tortorelli	Personnel Chair	1.00	Director	$0	$0	$0
Caroline Goldzweig	Board Member	1.00	Director	$0	$0	$0
Christine Bogharian	Board Member	1.00	Director	$0	$0	$0
Maria Oliva	Board Member	1.00	Director	$0	$0	$0
Leilani Reed	Board Member	1.00	Director	$0	$0	$0
John Terzian	Board Member	1.00	Director	$0	$0	$0
Diego Torres-Palma	Board Member	1.00	Director	$0	$0	$0
Terry Brown	Board Member	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$2,638,028	$2,658,138	$1,643,954	$-20,110
2023	$2,844,455	$3,047,357	$2,184,128	$-202,902
2022	$3,674,018	$2,984,421	$1,984,542	$689,597
2021	$2,549,179	$2,041,429	$1,252,726	$507,750
2020	$1,730,339	$1,799,789	$731,585	$-69,450
2019	$1,611,192	$1,412,696	$774,976	$198,496
2018	$1,347,992	$1,208,806	$559,504	$139,186