Overtone Industries

EIN: 680040723 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$163,574
Total Expenses
$172,261
Total Assets
$19,986
Net Assets
$19,986
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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

Legal Domicile
CA
Principal Officer
Fahad Siadat
Phone
3236552410
Tax Period
2023-07-01 to 2024-06-30

Overtone Industries is a small nonprofit in the Arts, Culture & Humanities sector that reported $164K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

Overtone Industries develops and presents new multidisciplinary operas and music theatre, bringing to life vivid, original stories and myths. We are passionate about live performance and its power to generate transformation, as performers and audience participate together in each unfolding moment. We believe artistic expression is an essential part of living, serving as a catalyst for both artists and audience members to understand themselves in a new way. Collaboration is at the heart of our process and we give each project the time and devotion it requires to come to life. We simultaneously stay connected to our community by providing opportunities for participatory art making. Our purpose is to create work that will inspire a broad demographic of people to experience together the joys of being alive.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,319
Program Service Revenue $49,255
Investment Income $0
Other Revenue $0
TOTAL REVENUE $163,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,525
Fundraising Expenses $0
Program Expenses $53,650
Other Expenses $82,736
TOTAL EXPENSES $172,261

Year-over-Year Comparison

2023 2022 Change
Revenue $163,574 $295,488 -0.4%
Expenses $172,261 $292,450 -0.4%
Net Income $-8,687 $3,038 -3.9%
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

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Governance

Voting Members
6
Independent Members
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fahad Siadat Executive Dir. 0.00
Director
$0 $0 $0
Maud Winchester Secretary 0.00
Director
$0 $0 $0
O-Lan Jones Artistic Dir. 40.00
Director
$0 $0 $0
Michelle Magaldli Producing Dir. 0.00
Director
$0 $0 $0
Nicki Harper Board Member 0.00
Officer
$0 $0 $0
Paul Codiga Board Member 0.00
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
2024 $163,574 $172,261 $19,986 $-8,687
2024 No data No data No data No data
2023 $295,488 $292,450 $31,845 $3,038
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