LOS ANGELES STREETCAR 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

2010

Legal Domicile

Principal Officer

STEVE NEEDLEMAN

Phone

2136265321

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES STREETCAR INC, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $1K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $165K exceeded revenue, resulting in a 16171% operating deficit.

Mission

LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE LOS ANGELES STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES.

Program Service Accomplishments

Program 1

Expenses: $143,985

LOS ANGELES STREETCAR, INC. (LASI) IS A 501(C)(3) NON-PROFIT PUBLIC/PRIVATE PARTNERSHIP MODELED AFTER THE SUCCESSFUL PUBLIC-PRIVATE/NON-PROFIT PARTNERSHIPS IN PORTLAND AND SEATTLE, WHICH PIONEERED...

LOS ANGELES STREETCAR, INC. (LASI) IS A 501(C)(3) NON-PROFIT PUBLIC/PRIVATE PARTNERSHIP MODELED AFTER THE SUCCESSFUL PUBLIC-PRIVATE/NON-PROFIT PARTNERSHIPS IN PORTLAND AND SEATTLE, WHICH PIONEERED MODERN STREETCAR SYSTEMS IN THE WESTERN UNITED STATES. LASI WAS FOUNDED BY LONG-TIME PUBLIC AND PRIVATE DOWNTOWN LOS ANGELES STAKEHOLDERS IN JANUARY 2009. LASI'S MISSION IS TO LEAD THE FUNDRAISING AND DEVELOPMENT EFFORTS OF THE STREETCAR PROJECT, INCLUDING OVERSIGHT OF ALL REQUIRED PLANNING, ENVIRONMENTAL, ENGINEERING, AND DEVELOPMENT PROCESSES. DURING 2013, LASI SPONSORED A SUCCESSFUL REFERENDUM TO FORM A COMMUNITY FACILITIES DISTRICT WHICH WILL PROVIDE $62.5 MILLION OF THE CAPITAL CONSTRUCTION COSTS OF THE STREETCAR PROJECT THROUGH A COMMUNITY FACILITIES DISTRICT PUBLIC BOND ISSUANCE. LASI HAS BEEN FUNDED INITIALLY BY GRANTS FROM THE NOW DEFUNCT COMMUNITY REDEVELOPMENT AGENCY OF LOS ANGELES (CRA/LA) AND MORE RECENTLY BY CONTRIBUTIONS FROM THE GENERAL PUBLIC AND RECEIPT OF TFAR (TRANSFER OF FLOOR AREA RATION) COMMUNITY BENEFIT PAYMENTS MADE BY DOWNTOWN LA DEVELOPERS BUILDING NEW GROUND UP PROJECTS IN, ON OR NEAR THE LASI STREETCAR ROUTE.

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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 $0

Program Service Revenue $0

Investment Income $1,013

Other Revenue $0

TOTAL REVENUE $1,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,985

Other Expenses $164,822

TOTAL EXPENSES $164,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013	$548	+0.8%
Expenses	$164,822	$186,886	-0.1%
Net Income	$-163,809	$-186,338	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN RIEGER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
NOLAN MARSHALL	DIRECTOR	0.50	Director	$0	$0	$0
ROCKY ROCKEFELLER	DIRECTOR	0.50	Director	$0	$0	$0
STEVE NEEDLEMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES OKAZAKI	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA LALL	DIRECTOR	0.50	Director	$0	$0	$0
BLAIR BESTEN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL TABAN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK SPILLANE	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM BURKE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL KELLER	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY RODRIGUEZ	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER ALVES	DIRECTOR	0.50	Director	$0	$0	$0
SHAHRAM DELIJANI	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDIA OLIVEIRA	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA WETHINGTON MCLEAN	DIRECTOR	0.50	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
2023	$1,013	$164,822	$112,491	$-163,809
2022	$548	$186,886	$304,775	$-186,338
2021	$27,066	$768,142	$495,308	$-741,076
2020	$1,025	$690,121	$1,238,529	$-689,096
2019	$15,438	$757,059	$1,919,605	$-741,621
2018	$1,752,259	$657,658	$2,758,617	$1,094,601
2017	$1,806,756	$1,312,115	$1,635,492	$494,641