VANGUARD MUSIC AND PERFORMING ARTS

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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

1970

Legal Domicile

Principal Officer

RUSSELL GAVIN

Phone

4087275532

Tax Period

2023-11-01 to 2024-10-31

VANGUARD MUSIC AND PERFORMING ARTS, founded in 1970, is a community nonprofit in the Education sector that reported $5.6M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 10% surplus.

Mission

VANGUARD MUSIC AND PERFORMING ARTS EDUCATES AND INSPIRES YOUNG PEOPLE THROUGH WORLD-CLASS PROGRAMS AND GRASSROOTS INITIATIVES THAT CREATE ARTISTIC EXCELLENCE, PERSONAL GROWTH, AND FOSTER A LIFELONG LOVE OF THE PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,427,615 Revenue: $372,883

THE SANTA CLARA VANGUARD DRUM & BUGLE CORPS IS A WORLD-RENOWNED, WORLD CHAMPION DRUM AND BUGLE CORPS THAT TRAVELS BETWEEN SIX AND EIGHT WEEKS DURING THE SUMMER MONTHS THROUGHOUT THE UNITED STATES IN COMPETITIVE FIELD SHOWS AND PARADES. VANGUARD PROVIDES INSTRUCTION FOR EXPERIENCED THROUGH ADVANCED MEMBERS IN THE AREAS OF BRASS, PERCUSSION, AND COLOR GUARD. MEMBERSHIP IS PRIMARILY OPEN TO THOSE BETWEEN THE AGES OF 18 AND 21. SANTA CLARA VANGUARD OFFERS PERFORMING ARTS STUDENTS ONCE-IN-A-LIFETIME EXPERIENCES WHERE STUDENTS DEVELOP LIFELONG SKILLS IN THE AREAS OF LEADERSHIP, PERSONAL DEVELOPMENT, AND COMMUNITY-BUILDING. GRADUATES OF THE SANTA CLARA VANGUARD GO ON TO BECOME LEADERS IN ALL INDUSTRIES IN THE WORLD.

Program 2

Expenses: $1,131,012 Revenue: $4,754,928

OTHER PROGRAM SERVICES INCLUDE MEMBERSHIP FEES, PARADES AND CONTEST, TICKETS, SALE OF MERCHANDISE AND OTHER REVENUE REPORTED ON FORM 990, PART VIII, LINES 2 - 11, COLUMN B.

Program 3

Expenses: $823,339

GRANTS MONEY TO VMAPA TEXAS AFFILIATE FOR PAYROLL AND PAYROLL RELATED EXPENSES

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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 $358,152

Program Service Revenue $1,049,029

Investment Income $71,607

Other Revenue $4,078,782

TOTAL REVENUE $5,557,570

Expense Breakdown

Grants Paid $823,339

Salaries & Benefits $1,187,856

Fundraising Expenses $33,336

Program Expenses $3,381,966

Other Expenses $2,990,477

TOTAL EXPENSES $5,001,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,557,570	$4,269,104	+0.3%
Expenses	$5,001,672	$2,662,397	+0.9%
Net Income	$555,898	$1,606,707	-0.7%

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

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

$284,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL GAVIN	CEO	40.00	Officer	$201,506	$0	$201,506
ANDREW NGUYEN	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$105,017	$12,779	$117,796
JENNIFER BAUMAN	CHIEF FINANCIAL OFFICER	20.00	Officer	$83,346	$0	$83,346
AMY LIPSHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB MCCLURE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MINDY MORTON	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT SCHILLER	TREASURER	2.00	Officer Director	$0	$0	$0
NICK SHILLING	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GARBARINO	DIRECTOR	1.00	Director	$0	$0	$0
MARK BINDON	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON MCGHEE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOLSINGER	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY OLIVARES	DIRECTOR	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
2024	$5,557,570	$5,001,672	$3,917,344	$555,898
2023	$4,269,104	$2,662,397	$3,121,648	$1,606,707
2022	$4,076,266	$6,784,123	$2,390,301	$-2,707,857
2021	$3,081,448	$2,000,649	$4,913,468	$1,080,799
2020	$1,955,850	$3,112,349	$4,284,561	$-1,156,499
2019	$5,959,825	$6,505,350	$4,422,570	$-545,525
2018	$5,585,659	$5,186,746	$4,670,612	$398,913