SOL-LA MUSIC ACADEMY 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

2007

Legal Domicile

Principal Officer

MARIO SPANICCIATI

Phone

3108282912

Tax Period

2024-07-01 to 2025-06-30

SOL-LA MUSIC ACADEMY INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $560K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

SOL-LA MUSIC ACADEMY PROVIDES OUTSTANDING MUSIC EDUCATION IN AN ENCOURAGING AND ENGAGING ENVIRONMENT THAT FOSTERS ACHIEVEMENT AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $301,522 Revenue: $375,451

SOL-LA CAMPUS PROGRAM: SOL-LA OFFERS LESSONS, CLASSES, ENSEMBLES, CHAMBER GROUPS, MUSIC THEORY, AND EARLY EDUCATION TO OVER 250 STUDENTS EACH YEAR AT SANTA MONICA CAMPUS, BRINGING TOGETHER A DIVERSE STUDENT POPULATION AS A COMMUNITY OF MUSICIANS. CLASSES AND ENSEMBLES RUN FROM SEPTEMBER TO JUNE, AND ARE DIVIDED INTO TWO 16-WEEK SEMESTERS. INDIVIDUAL LESSONS OCCUR YEAR-ROUND. SOL-LA SUPPORTS ACCESS TO MUSIC EDUCATION FOR ALL CHILDREN, AS WELL AS HIGH STANDARDS OF EXCELLENCE & ACHIEVEMENT. WE PROVIDE TUITION ASSISTANCE TO OVER 50% OF STUDENTS IN OUR ON-CAMPUS CLASSES. AS SOL-LA IS A COMMUNITY SCHOOL, WE EMBRACE CHILDREN OF ALL LEVELS AND WE BELIEVE THAT MUSIC SHOULD BE PART OF EVERY CHILDS EDUCATION. SOL-LA SUPPORTS THE COMMITMENT & TALENT OF PARTICULARLY HIGH-ACHIEVING STUDENTS. STUDENTS ARE CONSISTENT WINNERS AT COMPETITIONS THROUGHOUT SOUTHERN CALIFORNIA, AS WELL AS RECIPIENTS OF SCHOLARSHIP AWARD, ACCEPTANCES TO PRESTIGIOUS UNIVERSITY AND SUMMER MUSIC PROGRAMS.

Program 2

SOL-LAS MENTORSHIP PROGRAM FOR UCLA HERB ALPERT SHOOL OF MUSIC AND UNIVERSITY MUSIC STUDENTS PROVIDES TEACHING EXPERIENCE AND JOB OPPORTUNITIES, WORKING WITH HIGHLY ACCOMPLISHED LEADING EDUCATORS IN THE FIELD OF MUSIC AND PERFORMING ARTS. ADVANCED LEVEL HIGH SCHOOL STUDENTS ARE GIVEN THE OPPORTUNITY TO WORK WITH SOL-LA FACULTY MEMBERS, WHILE MENTORING YOUNGER STUDENTS THROUGH AFTER SCHOOL INSTRUMENTAL PRACTICE SESSIONS. THE ROLE OF THE MENTOR IS TO SERVE AS A PRACTICE SUPERVISOR, COACH, FRIEND, AND ROLE MODEL, TO INTRODUCE STUDENTS TO THE ART OF TEACHING.

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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 $184,671

Program Service Revenue $375,451

Investment Income $15

Other Revenue $320

TOTAL REVENUE $560,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464,751

Fundraising Expenses $0

Program Expenses $343,669

Other Expenses $150,334

TOTAL EXPENSES $615,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,457	$398,417	+0.4%
Expenses	$615,085	$544,460	+0.1%
Net Income	$-54,628	$-146,043	-0.6%

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

200

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

$84,764

Total Directors

$78,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAVIER IGLESIAS-MARTIN	ARTISTIC DIRECTOR	30.00	Officer	$84,764	$0	$84,764
ALISON S PERRINE	EXECUTIVE DIRECTOR	40.00	Director	$53,691	$0	$53,691
JERRA SPENCE	EXECUTIVE DIRECTOR	40.00	Director	$25,000	$0	$25,000
MARIO SPANICCIATI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEAN SCHRAMM	TRUSTEE	1.00	Director	$0	$0	$0
TATE RIDER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN STOFKO	TRUSTEE	1.00	Officer Director	$0	$0	$0
TRACY SYKES	TRUSTEE	1.00	Director	$0	$0	$0
SEAN WEBER-SMALL	VICE CHAIRMAN	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	$560,457	$615,085	$156,555	$-54,628
2023	$475,374	$422,429	$334,889	$52,945
2023	$398,417	$544,460	$186,991	$-146,043
2022	$348,971	$367,107	$276,848	$-18,136
2021	$392,702	$340,494	$293,826	$52,208
2020	$434,717	$398,820	$240,917	$35,897
2019	$502,219	$435,251	$249,056	$66,968
2018	$521,025	$520,990	$136,472	$35