FUND ARTS NOW

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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

2012

Legal Domicile

Principal Officer

LORELEI MCCOLLOUGH

Tax Period

2020-01-01 to 2020-12-31

FUND ARTS NOW, founded in 2012, is a micro nonprofit that reported $47K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 73% operating deficit.

Mission

TO FUND ARTS EDUCATION FOR STUDENTS

Program Service Accomplishments

Program 1

Expenses: $81,694 Revenue: $47,303

PRIMARY OBJECTIVE IS TO FUND ARTS EDUCATION FOR HIGH SCHOOL STUDENTS IN LOS ANGELES COUNTY BY PROVIDING THEM WITH FUNDS TO PAY FOR EDUCATIONAL COSTS ASSOCIATED WITH THE ARTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $47,303

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,303

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $5,453

Fundraising Expenses $0

Program Expenses $81,694

Other Expenses $73,241

TOTAL EXPENSES $81,694

Year-over-Year Comparison

	2020	2019	Change
Revenue	$47,303	$163,617	-0.7%
Expenses	$81,694	$179,106	-0.5%
Net Income	$-34,391	$-15,489	+1.2%

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

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
JULIE YANEZ	OFFICER	1.00	Officer	$0	$0	$0
LAURA HARMER	SECRETARY	1.00	Officer	$0	$0	$0
LORELEI MCCOLLOUGH	PRESIDENT	40.00	Officer	$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
2020	$47,303	$81,694	$95,480	$-34,391
2019	$163,617	$179,106	$129,871	$-15,489
2018	$224,813	$260,025	$145,360	$-35,212