THE PLATO SOCIETY OF LOS ANGELES (EIN 462484387) - 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

2013

Legal Domicile

Principal Officer

Ken Korman

Phone

3104437676

Tax Period

2024-07-01 to 2025-06-30

THE PLATO SOCIETY OF LOS ANGELES, founded in 2013, is a small nonprofit in the Education sector that reported $568K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 23% operating margin.

Mission

The Plato Society of Los Angeles is a peer to peer learning experience offering over 70 member originated and led Study Discussion Groups every year. In addition, it sponsors other activities for members including colloquia, lectures, travel and social events.

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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 $160,369

Program Service Revenue $250,731

Investment Income $157,185

Other Revenue $0

TOTAL REVENUE $568,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,367

Fundraising Expenses $0

Program Expenses $224,114

Other Expenses $328,004

TOTAL EXPENSES $435,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$568,285	$454,557	+0.3%
Expenses	$435,371	$404,181	+0.1%
Net Income	$132,914	$50,376	+1.6%

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

150

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
HANK ZANGWILL	PRESIDENT	20.00	Officer Director	$0	$0	$0
KEN KORMAN	VP/ PRES ELECT	15.00	Officer Director	$0	$0	$0
LINDA SYMCOX	Secretary	10.00	Officer Director	$0	$0	$0
SUSANA SCHUARZBERG	Treasurer	10.00	Officer Director	$0	$0	$0
GABRIELLE SONNENBERG	DIRECTOR AT LAR	10.00	Director	$0	$0	$0
BARBARA GUTEK	DIRECTOR AT LAR	10.00	Director	$0	$0	$0
BARRY ALLWRIGHT	Director at Lar	10.00	Director	$0	$0	$0
DIANNE MORRIS	Director at Lar	10.00	Director	$0	$0	$0
JAY RAKOW	COLLOQUIUM COMM	10.00	Director	$0	$0	$0
ELLENMARY MICHEL	COORDINATOR COM	12.00	Director	$0	$0	$0
DIANNE HANTOS	CURRICULUM COMM	10.00	Director	$0	$0	$0
LEN KLEINMAN	INFORMATION TEC	10.00	Director	$0	$0	$0
NANCY MCCLELLAND	LEGAL AFFAIRS C	10.00	Director	$0	$0	$0
GERALDINE WALTER	MEMBERSHIP COMM	10.00	Director	$0	$0	$0
BARBARA STEFFIN	NEW MEMBER LIAI	10.00	Director	$0	$0	$0
ROB THAIS	TGIF+ CHAIR	10.00	Director	$0	$0	$0
LINDA KELEMER	OMBUDSMAN	10.00	Director	$0	$0	$0
SUE SIEGEL	HISTORIAN	10.00	Director	$0	$0	$0
ANN BEISCH	TOGA	10.00	Director	$0	$0	$0
ANGELA SAMSTAG	NEW MEMBER LIAI	10.00	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
2025	$568,285	$435,371	$2,536,747	$132,914
2024	$454,557	$404,181	$2,404,091	$50,376
2023	$598,624	$352,086	$2,345,159	$246,538
2022	$104,844	$281,868	$2,279,147	$-177,024
2021	$1,054,663	$257,844	$2,456,701	$796,819
2020	$439,208	$316,887	$1,664,882	$122,321
2019	$427,050	$306,187	$1,542,446	$120,863

THE PLATO SOCIETY OF LOS ANGELES