VENTURA MUSIC FESTIVAL ASSOCIATION… - Form 990 Financial Data

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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

1994

Legal Domicile

Phone

8056483146

Tax Period

2023-01-01 to 2023-12-31

VENTURA MUSIC FESTIVAL ASSOCIATION INC, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $854K in total revenue in fiscal year 2023. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $212K, a strong 25% operating margin.

Mission

THE VENTURA MUSIC FESTIVAL (VMF) PRESENTS AND PRODUCES LIVE MUSICAL PERFORMANCES THAT INSPIRE, EDUCATE, AND ENTERTAIN. VMF IS DEDICATED TO PROVIDING MUSIC EDUCATON TO SCHOOLS K-12 AND PROMOTES CULTURAL DIVERSITY, ARTISTIC GROWTH, AND MEANINGFUL CONNECTIONS THROUGH THE UNIFYING POWER OF MUSIC.

Program Service Accomplishments

Program 1

Expenses: $348,148

THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE...

THE VENTURA FESTIVAL STANDS AS ONE OF THE COUNTY'S SIGNATURE EVENTS, ATTRACTING UPWARDS OF 6,000 CONCERTGOERS DURING TWO WEEKENDS OF JULY. THE FESTIVAL PRESENTS THE FINEST MUSICIANS PERFORMING THE WORLD'S GREATEST MUSIC AT SEVERAL VENUES AND ENCOURAGES A PERSONAL RELATIONSHIP BETWEEN THE AUDIENCE AND PERFORMERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $137,458

Program Service Revenue $97,906

Investment Income $603,769

Other Revenue $14,705

TOTAL REVENUE $853,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,290

Fundraising Expenses $86,401

Program Expenses $348,148

Other Expenses $452,590

TOTAL EXPENSES $641,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$853,838	$316,708	+1.7%
Expenses	$641,880	$480,820	+0.3%
Net Income	$211,958	$-164,112	-2.3%

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

N/A

Employees

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
LALE WELSH	EXECUTIVE DIRECTOR	50.00		$110,000	$0	$110,000
GRACE MOONEY	MEDIA & OUTREACH DIRECTOR	40.00		$66,560	$0	$66,560
NUVI MEHTA	ARTISTIC DIRECTOR	13.00		$48,000	$0	$48,000
BRADLEY TABACH-BANK	Director	1.00	Director	$0	$0	$0
PATRICIA LATHROP-MCPHERSON	Secretary	1.00	Officer Director	$0	$0	$0
RICHARD REISMAN	Chairman	1.00	Director	$0	$0	$0
TIMOTHY SMITH	Treasurer	1.00	Officer Director	$0	$0	$0
MICHAEL BOYKO	Director	1.00	Director	$0	$0	$0
BETSY CHESS	Director	2.50	Director	$0	$0	$0
DOUG HALTER	Director	1.00	Director	$0	$0	$0
ERIC OLTMANN	Director	1.00	Director	$0	$0	$0
STEVE PERREN	Director	1.00	Director	$0	$0	$0
S BLAKE WADE	Director	1.00	Director	$0	$0	$0
ROZ WARNER	Director	1.00	Director	$0	$0	$0
JAIME VELEZ	Director	1.00	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
2024	No data	No data	No data	No data
2023	$853,838	$641,880	$3,168,773	$211,958
2022	$316,708	$480,820	$2,948,088	$-164,112
2021	$391,710	$351,438	$3,678,597	$40,272
2020	$1,597,980	$361,646	$3,332,087	$1,236,334
2019	$619,813	$596,338	$1,640,067	$23,475
2018	$1,674,621	$510,306	$1,611,586	$1,164,315

VENTURA MUSIC FESTIVAL ASSOCIATION INC