ARCADIA IMPROVEMENT ASSOCIATION

EIN: 320424242 501(c)(3) Human Services

ARCADIA, CA

Total Revenue
$147,732
Total Expenses
$169,555
Total Assets
$133,046
Net Assets
$133,046
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
ERIK WAHL
Phone
3233834298
Tax Period
2024-01-01 to 2024-12-31

ARCADIA IMPROVEMENT ASSOCIATION, founded in 2013, is a small nonprofit in the Human Services sector that reported $148K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $170K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO BRING REVITALIZATION TO ARCADIA'S COMMERCIAL AND RESIDENTIAL AREA.

Program Service Accomplishments

Program 1
Expenses: $123,762 Revenue: $220,863

COMMUNICATIONS COMMITTEE'S PURPOSE IS TO OUTREACH TO THE COMMUNITY AND MARKET THE DOWNTOWN ARCADIA DISTRICT. THESE ARE THE ACTIVITIES CONDUCTED DURING 2024.THE LUNAR NEW YEAR FESTIVAL WAS A NEW...

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COMMUNICATIONS COMMITTEE'S PURPOSE IS TO OUTREACH TO THE COMMUNITY AND MARKET THE DOWNTOWN ARCADIA DISTRICT. THESE ARE THE ACTIVITIES CONDUCTED DURING 2024.THE LUNAR NEW YEAR FESTIVAL WAS A NEW ADDITION IN 2024. THE CELEBRATION INCLUDED A TRADITIONAL LION DANCE, CULTURAL PERFORMANCES, FOOD TRUCKS AND GIVEAWAYS. IT PROVIDED A CULTURALLY SIGNIFICANT AND FREE CELEBRATION FOR THE COMMUNITY TO ENJOY. OVER 17,000 ATTENDEES SHOPPED, DINED AND DISCOVERED THE DOWNTOWN ARCADIA BUSINESSES.PATRIOTIC FESTIVAL AND FIREWORKS COMPLETE WITH FOOD TRUCKS AND GIVEAWAYS. THIS EVENT WAS FREE AND OPEN TO THE COMMUNITY. OVER 20,000 ATTENDEES SHOPPED AND DISCOVERED THE DOWNTOWN AREA. 100 VOLUNTEERS HELPED MAKE THIS EVENT A SUCCESS.HELD A TRICK OR TREAT EVENT, HALLOWEEN HAUNTING, WITH A TRUNK OR TREAT PARKING LOT FOR THE COMMUNITY. OVER 6,500 PEOPLE ATTENDED THIS COMPLETELY FREE EVENT THAT BENEFITED THE COMMUNITY AND LOCAL BUSINESSES. MANY ATTENDEES DISCOVERD AND SHOPPED AT DISTRICT BUSINESSES WHILE ATTENDING THE EVENT. 65 VOLUNTEERS HELPED MAKE THE EVENT A SUCCESS.CONDUCTED A HOLIDAY FAIR WITH ENTERTAINMENT, FOOD TRUCKS, GIVEAWAYS AND A TOY DRIVE. THE TOY DRIVE BENEFITTED FOOTHILL UNITY CENTER, A LOCAL FOOD BANK. OVER 8,500 ATTENDEES SHOPPED AND DISCOVERED THE DOWNTOWN DISTRICT. OVER 100 VOLUNTEERS HELPED MAKE THIS EVENT A SUCCESS.HELD BOARD OF DIRECTORS ELECTION WHICH RESULTED IN 14 VOLUNTEER BOARD MEMBERS DEDICATED TO ACHIEVING GOALS OF THE ASSOCIATION.SPECIAL GUESTS PRESENTED INFORMATION TO THE BOARD MEMBERS AT THE BOARD MEETINGS TO ASSIST THE COMMUNITY, THE ARCADIA POLICE DEPARTMENT PROVIDED EDUCATION REGARDING PUBLIC SAFETY IN THE DOWNTOWN DISTRICT. HELD A MIXMINGLE WITH THE ARCADIA CHAMBER OF COMMERCE FOR BUSINESS AND PROPERTY OWNERS TO MEET ARCADIA BUSINESS OWNERSTHE ASSOCATION'S WEBSITE HAS BEEN CONTINOUSLY UPDATED.PARTICIPATED IN THE ARCADIA CHAMBER OF COMMERCE EVENTS SUCH AS THE TASTE OF ARCADIA AND HARVEST MOON FESTIVAL.PARTICIPATED IN THE CITY OF ARCADIA'S TREE LIGHTING CEREMONY.DONATED LUNCH TO THE ARCADIA FIRE DEPARTMENT IN APPRECIATION OF THEIR SERVICE.

Program 2
Expenses: $5,499

LIGHTS IN DISTRICT TREESLIGHTS WERE INSTALLED IN 20 TREES ON FIRST AVENUE DURING 2021. THIS CAPITAL PROJECT HAS BEEN YEARS IN THE MAKING. THE PROGRAMMING OF THE LIGHTS HAVE BEEN UPDATED. THE LIGHT...

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LIGHTS IN DISTRICT TREESLIGHTS WERE INSTALLED IN 20 TREES ON FIRST AVENUE DURING 2021. THIS CAPITAL PROJECT HAS BEEN YEARS IN THE MAKING. THE PROGRAMMING OF THE LIGHTS HAVE BEEN UPDATED. THE LIGHT FIXTURES HAVE CONTINUED TO BE SERVICED AND REPAIRED. THE BENEFICIARIES OF THIS PROJECT ARE THE RESIDENTS, BUSINESSES AND VISITORS TO THE AREA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $121,363
Program Service Revenue $99,500
Investment Income $0
Other Revenue $-73,131
TOTAL REVENUE $147,732

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,147
Fundraising Expenses $0
Program Expenses $129,261
Other Expenses $58,408
TOTAL EXPENSES $169,555

Year-over-Year Comparison

2024 2023 Change
Revenue $147,732 $155,760 -0.1%
Expenses $169,555 $130,796 +0.3%
Net Income $-21,823 $24,964 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
N/A
Employees
1
Volunteers
300

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA CHOI EXECUTIVE DIRECTOR 20.00
$101,650 $0 $101,650
KAREN MACNAIR Board Member 2.00
Director
$0 $0 $0
STEPHANIE AIKIN Secretary 2.00
Director
$0 $0 $0
PETER AMUNDSON Board Member 2.00
Director
$0 $0 $0
JENNY LIU BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL VERLATO BOARD MEMBER 4.00
Director
$0 $0 $0
BEN ZHANG BOARD MEMBER 1.00
Director
$0 $0 $0
SIMON VUONG BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA BACERO BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLYN IGA BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN GANDELL Vice President 4.00
Officer
$0 $0 $0
ERIK WAHL President 4.00
Officer
$0 $0 $0
STEVEN RHEE Treasurer 4.00
Officer
$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 No data No data No data No data
2024 $147,732 $169,555 $133,046 $-21,823
2023 $155,760 $130,796 $154,869 $24,964
2022 $110,927 $97,191 $129,905 $13,736
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