SARASVATI MUSIC ACADEMY

EIN: 260295209 501(c)(3) Arts, Culture & Humanities

Woodland Hills, CA

Total Revenue
$12,105
Total Expenses
$26,977
Total Assets
N/A
Net Assets
N/A
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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
2007
Legal Domicile
CA
Principal Officer
Igor Rybak
Phone
8189151873
Tax Period
2023-06-01 to 2024-05-31

SARASVATI MUSIC ACADEMY, founded in 2007, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $12K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $27K exceeded revenue, resulting in a 123% operating deficit.

Mission

MUSIC EDUCATION PROGRAM, providing high quality music education to local communities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,705
Program Service Revenue $0
Investment Income $8,400
Other Revenue $0
TOTAL REVENUE $12,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,357
Fundraising Expenses $0
Program Expenses $8,970
Other Expenses $10,620
TOTAL EXPENSES $26,977

Year-over-Year Comparison

2023 2022 Change
Revenue $12,105 $5,561 +1.2%
Expenses $26,977 $3,020 +7.9%
Net Income $-14,872 $2,541 -6.9%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rakhima Rybak President 025.00
Officer Director
$0 $0 $0
Igor Rybak Treasurer 005.00
Officer 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 $12,105 $26,977 No data $-14,872
2023 $5,561 $3,020 $20,246 $2,541
2022 $7,648 $6,428 $19,091 $1,220
2021 $5,025 $16,464 $23,483 $-11,439
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