SANTA MONICA BAY MUSIC FOUNDATION (EIN 452496275) - 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

2010

Legal Domicile

Principal Officer

John Redfield

Phone

3106334985

Tax Period

2024-01-01 to 2024-12-31

SANTA MONICA BAY MUSIC FOUNDATION, founded in 2010, is a small nonprofit in the Youth Development sector that reported $503K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

The Santa Monica Bay Music Foundation transforms the lives of children through music education in an optimal learning environment, regardless of their socioeconomic standing. Through our comprehensive music education programming, children expand their social awareness and develop a heightened sense of individual self-worth.

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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 $0

Program Service Revenue $502,510

Investment Income $0

Other Revenue $0

TOTAL REVENUE $502,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,413

Fundraising Expenses $0

Program Expenses $434,045

Other Expenses $359,808

TOTAL EXPENSES $496,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$502,510	$722,489	-0.3%
Expenses	$496,221	$627,305	-0.2%
Net Income	$6,289	$95,184	-0.9%

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

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

$25,893

Total Directors

$25,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Redfield	CEO/Director	45	Officer Director	$25,893	$0	$25,893
Ann Maggio	Secretary/Director	2	Officer Director	$0	$0	$0
Sam Thanawalla	CFO/Director	2	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
2024	$502,510	$496,221	$2,100	$6,289
2023	$722,489	$627,305	$180,710	$95,184
2022	$706,065	$658,453	$85,526	$47,612
2021	$620,673	$609,020	$37,914	$11,653
2020	$497,360	$573,543	$26,261	$-76,183

SANTA MONICA BAY MUSIC FOUNDATION