Santa Monica, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
At the Santa Monica Bay Music Foundation, we believe in the transformative power of music. Our organization enriches 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.
The Santa Monica Bay Music Foundation continued our work to break down barriers to music education. Through our programs, students increased empathy and cultural awareness, and understanding. We...
The Santa Monica Bay Music Foundation continued our work to break down barriers to music education. Through our programs, students increased empathy and cultural awareness, and understanding. We continued provided quality music education to over 80 youth this year through our core programming, which included music camps, private lessons, ensemble programs, field trips, and community concerts. Over 1500 guests from the public attended out concerts. We additionally had 300 student hosted free classroom trips.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SANTA MONICA BAY MUSIC FOUNDATION with other nonprofits in California and across the country.