Mariachi Scholarship Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

Sandra Smith

Phone

6198889509

Tax Period

2023-01-01 to 2023-12-31

Mariachi Scholarship Foundation, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $105K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 24% operating margin.

Mission

THE MARIACHI SCHOLARSHIP FOUNDATION WAS CREATED IN 1996 WITH THE VISION OF EXPANDING EDUCATIONAL OPPORTUNITIES AND ENRICHING THE LIVES OF STUDENTS THROUGH PARTICIPATION IN MARIACHI MUSIC.

Program Service Accomplishments

Program 1

Expenses: $66,902

THE FOUNDATION PROGRAMS ACCOMPLISH THE FOLLOWING OBJECTIVES; 1)ADVOCATING FOR MARIACHI MUSIC IN SCHOOLS, INCLUDING DIRECT ENGAGEMENT WITH SCHOOL BOARD MEMBERS, PRINCIPALS, TEACHERS, PARENTS AND...

THE FOUNDATION PROGRAMS ACCOMPLISH THE FOLLOWING OBJECTIVES; 1)ADVOCATING FOR MARIACHI MUSIC IN SCHOOLS, INCLUDING DIRECT ENGAGEMENT WITH SCHOOL BOARD MEMBERS, PRINCIPALS, TEACHERS, PARENTS AND STUDENTS; 2)PROVIDING PROFESSIONAL DEVELOPMENT ACTIVITIES AND CURRICULUM MATERIALS TO MARIACHI TEACHERS; 3) INSPIRING STUDENTS TO STUDY MARIACHI AND BALLET FOLKLRICO BY HOSTING THE ANNUAL CONFERENCES LATER REBRANDED AS THE SAN DIEGO INTERNATIONAL MARIACHI SUMMIT WITH CONCERTS AND EDUCATIONAL WORKSHOPS BY SOME OF THE GREATEST MARIACHIS AND DANCERS IN THE WORLD; 4) PROMOTING MARIACHI MUSIC IN THE COMMUNITY TO GENERATE AWARENESS AND EXCITEMENT IN THOUSANDS OF PEOPLE WHO ATTEND OUR EVENTS EVERY YEAR; 5) RAISING MONEY TO SUPPORT COLLEGE SCHOLARSHIPS FOR STUDENTS WHO GRADUATE FROM PROGRAMS WE SUPPORT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,787

Program Service Revenue $0

Investment Income $1,720

Other Revenue $-9,299

TOTAL REVENUE $105,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14

Program Expenses $66,902

Other Expenses $80,048

TOTAL EXPENSES $80,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,208	$198,337	-0.5%
Expenses	$80,048	$216,677	-0.6%
Net Income	$25,160	$-18,340	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GRIEGO	Vice President	1.00	Officer Director	$0	$0	$0
JEFF NEVIN	President	2.00	Officer Director	$0	$0	$0
SILVIA NOGALES	Vice President	1.00	Officer Director	$0	$0	$0
JESS REIMNITZ	Director	1.00	Director	$0	$0	$0
SANDRA SMITH	Secretary	2.00	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
2023	$105,208	$80,048	$326,262	$25,160
2022	$198,337	$216,677	$301,100	$-18,340
2021	$138,805	$24,619	$319,440	$114,186
2021	$3,302,424	$21,673	$3,487,005	$3,280,751