LAGUNA ART MUSEUM

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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

1996

Legal Domicile

Principal Officer

JULIE PERLIN LEE

Phone

9494948971

Tax Period

2024-07-01 to 2025-06-30

LAGUNA ART MUSEUM, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE MUSEUM'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE UNDERSTANDING OF THE ROLE OF ART AND ARTISTS IN AMERICN CULTURE THROUGH COLLECT, EXHIBITION, RESEARCH, AND INSTRUCTION. THE FOCUS OF THE ORGANIZATION COLLECTION IS ON THE ART OF CALIFORNIA AND RELATED WORKS FROM THE 19TH, 20TH AND 21ST CENTURIES.

Program Service Accomplishments

Program 1

Expenses: $2,085,415 Revenue: $699,050

EDUCATION IS AT THE HEART OF LAGUNA ART MUSEUM'S MISSION TO ENLIGHTEN AND ENGAGE PEOPLE OF ALL AGES. THROUGH SCHOOL PARTNERSHIPS, FREE YOUTH ADMISSION, FAMILY WORKSHOPS AND THE DEDICATION OF TRAINED MUSEUM EDUCATORS AND DOCENTS, THE MUSEUM FOSTERS CURIOSITY, CREATIVITY AND LIFELONG LEARNING ROOTED IN CALIFORNIA ART AND IDEAS.COLLABORATING DIRECTLY WITH CALIFORNIA ARTISTS AND ARTWORK COLLECTORS, THE MUSEUM PRESENTS EXHIBITIONS AND PROGRAMS THAT REFLECT THE REGION'S UNIQUE HISTORY, DIVERSITY AND INNOVATION FOR THE PURPOSE OF ADVANCING THE UNDERSTANDING OF HOW ARTISTS HAVE SHAPED THE CULTURAL LIFE OF OUR REGION AND STATE FROM THE 19TH CENTURY TO THE PRESENT.THE MUSEUM'S LANDMARK ART + NATURE INITIATIVE PLACES ARTWORK OUTDOORS THAT UNITES ART, SCIENCE AND ENVIRONMENTAL AWARENESS, DRAWING NATIONAL ATTENTION FOR PROJECTS THAT INSPIRE CONNECTION TO THE LANDSCAPE AND CREATIVITY THAT DEFINES CALIFORNIA.

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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 $2,817,144

Program Service Revenue $632,929

Investment Income $125,540

Other Revenue $52,046

TOTAL REVENUE $3,627,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,386,994

Fundraising Expenses $165,520

Program Expenses $2,085,415

Other Expenses $2,287,754

TOTAL EXPENSES $3,674,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,627,659	$3,272,330	+0.1%
Expenses	$3,674,748	$3,210,282	+0.1%
Net Income	$-47,089	$62,048	-1.8%

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

800

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

$212,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMIL MONDA	BOARD MEMBER	1.00	Director	$0	$0	$0
LITA ALBUQUERQUE	EX-OFFICIO	1.00	Director	$0	$0	$0
RICK BALZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT CHAPMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
BETSY JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG MACGILLIVRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIARE MEEGAN	SECRETARY	1.00	Director	$0	$0	$0
ROBERT WHALEN	EX-OFFICIO	1.00	Director	$0	$0	$0
MIKE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN PICKLE	EX-OFFICIO	1.00	Director	$0	$0	$0
WENDY AIRD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE HANAUER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD MALCOLM	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM PAPA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BRAFF	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN BURTON GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY BASS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA DANZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH KAPLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE STRATHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIE WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WHITIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE PERLIN LEE	EXECUTIVE DIRECTOR	40.00	Officer	$210,000	$2,337	$212,337
VICTORIA ZARAGINO GERARD	DEPUTY DIRECTOR	40.00	Highest	$100,267	$5,657	$105,924

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	$3,627,659	$3,674,748	$7,649,131	$-47,089
2024	$3,272,330	$3,210,282	$7,247,754	$62,048
2023	$3,605,503	$2,787,716	$6,728,751	$817,787
2022	$2,876,596	$2,718,298	$5,795,493	$158,298
2021	$3,229,912	$2,285,666	$6,141,478	$944,246
2020	$2,605,346	$2,264,452	$5,017,934	$340,894
2019	$3,095,545	$2,236,357	$4,571,549	$859,188
2018	$2,539,594	$3,037,301	$4,094,300	$-497,707