ARTS DISTRICT LOS ANGELES

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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

FRANK GALLO

Phone

2132360907

Tax Period

2024-01-01 to 2024-12-31

ARTS DISTRICT LOS ANGELES, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

THE ARTS DISTRICT LOS ANGELES IS A 501(C)(3) NONPROFIT ORGANIZATION DEVOTED TO SERVING ARTISTS, BUSINESSES AND RESIDENTS IN THE DISTRICT. OUR PRIMARY OBJECTIVE IS TO ENHANCE THE WELL BEING OF RESIDENTS, ARTISTS AND BUSINESSES IN THE COMMUNITY BY ENHANCING THE PUBLIC SPACE.

Program Service Accomplishments

Program 1

Expenses: $1,770,754 Revenue: $2,127,948

BUSINESS IMPROVEMENTS DISTRICT MANAGEMENT PLAN (MAIN PROGRAM OF THE ORGANIZATION) IS TO IMPROVE THE SAFETY, TO MAINTAIN CLEANLINESS, TO INCREASE BUILDING OCCUPANCY AND LEASE RATES, TO ENCOURAGE NEW BUSINESS DEVELOPMENT, AND TO ATTRACT ANCILLARY BUSINESSES AND SERVICES FOR PROPERTY PARCELS WITHIN THE ARTS DISTRICT OF THE CITY OF LOS ANGELES' BUSINESS IMPROVEMENT DISTRICT AREA.

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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 $25,000

Program Service Revenue $2,127,948

Investment Income $6,000

Other Revenue $0

TOTAL REVENUE $2,158,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,873

Fundraising Expenses $0

Program Expenses $1,770,754

Other Expenses $1,914,150

TOTAL EXPENSES $2,197,023

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,158,948	$1,765,018	+0.2%
Expenses	$2,197,023	$1,908,890	+0.2%
Net Income	$-38,075	$-143,872	-0.7%

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

$200,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YUVAL BAR-ZEMER	BOARD MEMBER	0.50	Director	$0	$0	$0
PAUL HOLLIDAY	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA LIU MORALES	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW MARQUEZ FROM 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
VALERIE MITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
ADAM NORMANDIN	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS PEARSON	BOARD MEMBER	0.50	Director	$0	$0	$0
LAUREN PHILLIPS	BOARD MEMBER	0.50	Director	$0	$0	$0
CINDY SCHWARZSTEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL SOROUDI	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA VACCA	BOARD MEMBER	0.50	Director	$0	$0	$0
ARAM GARIKIAN TO 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN ROSENFELD TO 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW QUIAT FROM 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS KIM FROM 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID GREENBERG FROM 012024	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK GALLO SEE SCH O	CHAIRMAN	1.25	Officer Director	$0	$0	$0
BETH STRYKER SEE SCH O	VICE CHAIRMAN	1.25	Officer Director	$0	$0	$0
MATT KLEIN SEE SCH O	TREASURER	1.25	Officer Director	$0	$0	$0
DILIP BHAVNANI SEE SCH O	SECRETARY	1.25	Officer Director	$0	$0	$0
POUYA ABDI	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK ROTHENBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE STAHL	BOARD MEMBER	0.50	Director	$0	$0	$0
SHEP WAINWRIGHT	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS WULF SEE SCH O	BOARD MEMBER	0.50	Director	$0	$0	$0
MIGUEL VARGAS	EXECUTIVE DIRECTOR	40.00	Officer	$200,000	$0	$200,000

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	$2,158,948	$2,197,023	$1,531,187	$-38,075
2023	$1,765,018	$1,908,890	$885,538	$-143,872
2022	$2,087,968	$1,959,195	$1,065,392	$128,773
2022	$2,114,812	$1,814,667	$1,062,650	$300,145
2021	$1,801,189	$1,973,848	$748,897	$-172,659
2020	$1,667,958	$1,645,365	$900,372	$22,593
2019	$1,526,968	$1,496,472	$883,393	$30,496
2018	$1,396,295	$1,155,671	$832,418	$240,624