LA JOLLA MUSIC SOCIETY (EIN 237148171) - 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

1969

Legal Domicile

Principal Officer

TODD SCHULTZ

Phone

8584593724

Tax Period

2024-07-01 to 2025-06-30

LA JOLLA MUSIC SOCIETY, founded in 1969, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.1M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $11.1M left a modest 8% surplus.

Mission

TO ENHANCE CULTURAL LIFE AND ENGAGEMENT BY PRESENTING AND PRODUCING A WIDE RANGE OF PROGRAMMING OF THE HIGHEST ARTISTIC QUALITY, AND TO MAKE THE CONRAD PREBYS PERFORMING ARTS CENTER A VIBRANT AND INCLUSIVE HUB.

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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 $8,246,815

Program Service Revenue $2,628,904

Investment Income $570,468

Other Revenue $611,270

TOTAL REVENUE $12,057,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,165,831

Fundraising Expenses $1,787,825

Program Expenses $7,655,439

Other Expenses $6,944,538

TOTAL EXPENSES $11,110,369

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,057,457	$6,319,482	+0.9%
Expenses	$11,110,369	$7,692,832	+0.4%
Net Income	$947,088	$-1,373,350	-1.7%

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

100

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

$476,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVIAN LIM	CHAIR	5.00	Officer Director	$0	$0	$0
BERT CORNELISON	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
MARY ELLEN CLARK	TREASURER	5.00	Officer Director	$0	$0	$0
STACY ROSENBERG	SECRETARY	5.00	Officer Director	$0	$0	$0
STEVE BAUM	DIRECTOR	3.00	Director	$0	$0	$0
DAVID BELANICH	DIRECTOR	3.00	Director	$0	$0	$0
MARLA BINGHAM	DIRECTOR	3.00	Director	$0	$0	$0
ELEANOR CHARLTON	DIRECTOR	3.00	Director	$0	$0	$0
RIC CHARLTON	DIRECTOR	3.00	Director	$0	$0	$0
SHARON COHEN	DIRECTOR	3.00	Director	$0	$0	$0
ELLISE COIT	DIRECTOR	3.00	Director	$0	$0	$0
PETER COOPER	DIRECTOR	3.00	Director	$0	$0	$0
ANN DYNES	DIRECTOR	3.00	Director	$0	$0	$0
JENNIFER EVE	DIRECTOR	3.00	Director	$0	$0	$0
DEBBY FISHBURN	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN GAMP	DIRECTOR	3.00	Director	$0	$0	$0
LEHN GOETZ	DIRECTOR	3.00	Director	$0	$0	$0
JOHN HESSELINK	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN HOEHN	DIRECTOR	3.00	Director	$0	$0	$0
DAVID KABAKOFF	DIRECTOR	3.00	Director	$0	$0	$0
NANCY LINKE-PATTON	DIRECTOR	3.00	Director	$0	$0	$0
DIANA LOMBROZO	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN MAJOR	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD NORLING	DIRECTOR	3.00	Director	$0	$0	$0
ARMAN ORUC	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS RASMUSSEN	DIRECTOR	3.00	Director	$0	$0	$0
SYLVIA RE	DIRECTOR	3.00	Director	$0	$0	$0
SHERYL SCARANO	DIRECTOR	3.00	Director	$0	$0	$0
MARGE SCHMALE	DIRECTOR	3.00	Director	$0	$0	$0
STEPHANIE STONE	DIRECTOR	3.00	Director	$0	$0	$0
DEBRA TURNER	DIRECTOR	3.00	Director	$0	$0	$0
PETER WAGENER	DIRECTOR	3.00	Director	$0	$0	$0
LIQUN WANG	DIRECTOR	3.00	Director	$0	$0	$0
LISE WILSON	DIRECTOR	3.00	Director	$0	$0	$0
BEBE ZIGMAN	DIRECTOR	3.00	Director	$0	$0	$0
TODD SCHULTZ	PRESIDENT & CEO	40.00	Officer	$298,844	$20,351	$319,195
LEAH ROSENTHAL	ARTISTIC DIRECTOR	40.00	Officer	$146,579	$11,167	$157,746
TOM JONES	DIRECTOR OF OPERATIONS	40.00	Highest	$138,442	$10,460	$148,902
FERDINAND GASANG	DIRECTOR OF DEVELOPMENT	40.00	Highest	$136,256	$12,499	$148,755
ALLISON BOLES	DIRECTOR OF LEARNING & ENGAGEMENT	40.00	Highest	$118,884	$9,399	$128,283

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	$12,057,457	$11,110,369	$87,727,895	$947,088
2024	$6,319,482	$7,692,832	$85,263,101	$-1,373,350
2023	$8,833,072	$9,397,625	$84,401,895	$-564,553
2022	$10,399,437	$8,919,525	$83,710,828	$1,479,912
2021	$5,224,613	$6,006,462	$84,407,602	$-781,849
2020	$4,762,258	$6,089,102	$82,475,317	$-1,326,844
2020	$6,095,835	$5,958,420	$83,445,214	$137,415
2019	$27,950,822	$6,652,217	$87,691,455	$21,298,605
2018	$13,211,233	$4,869,594	$66,811,707	$8,341,639

LA JOLLA MUSIC SOCIETY