LOS GATOS MUSIC AND ARTS INC (EIN 371561055) - Form 990 Financial Analysis & Trantor Score

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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

Phone

4083487766

Tax Period

2023-11-01 to 2024-10-31

LOS GATOS MUSIC AND ARTS INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $226K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 15% operating margin.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO BRING MUSIC AND ART FORMS TO THE COMMUNITY OF LOS GATOS, 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 (2023)

Revenue Breakdown

Contributions & Grants $119,439

Program Service Revenue $23,300

Investment Income $0

Other Revenue $83,717

TOTAL REVENUE $226,456

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,855

Other Expenses $188,871

TOTAL EXPENSES $191,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,456	$139,979	+0.6%
Expenses	$191,871	$247,555	-0.2%
Net Income	$34,585	$-107,576	-1.3%

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

N/A

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
TERI A HOPE	PRES/DIRECTOR	16.00	Director	$0	$0	$0
JONATHAN KNOWLES	Chairman	4.00	Director	$0	$0	$0
GINGER MCDONALD	Secretary	0.00	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
2024	$226,456	$191,871	$17,018	$34,585
2023	$139,979	$247,555	$8,803	$-107,576
2022	$226,901	$233,674	$48,521	$-6,773
2021	$175,377	$129,569	$42,054	$45,808
2020	$132,050	$98,735	$37,211	$33,315
2019	$201,329	$253,248	$38,025	$-51,919
2018	$240,597	$249,345	$56,770	$-8,748

LOS GATOS MUSIC AND ARTS INC