NEW WEST SYMPHONY ASSOCIATION

EIN: 770406042 501(c)(3) Arts, Culture & Humanities

THOUSAND OAKS, CA

Total Revenue
$1,916,153
Total Expenses
$2,333,509
Total Assets
$677,180
Net Assets
$-571,822
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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
1995
Legal Domicile
CA
Principal Officer
NATALIA STANEVA
Phone
8054975800
Tax Period
2024-01-01 to 2024-12-31

NEW WEST SYMPHONY ASSOCIATION, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE NEW WEST SYMPHONY INSPIRES PASSION FOR SYMPHONIC MUSIC THROUGH LIVE PERFORMANCES AND EDUCATION INITIATIVES THAT ENGAGE AND ENRICH ITS DIVERSE AUDIENCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,313,513
Program Service Revenue $533,386
Investment Income $28,627
Other Revenue $40,627
TOTAL REVENUE $1,916,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,191,056
Fundraising Expenses $165,634
Program Expenses $1,275,900
Other Expenses $1,142,453
TOTAL EXPENSES $2,333,509

Year-over-Year Comparison

2024 2023 Change
Revenue $1,916,153 $1,009,801 +0.9%
Expenses $2,333,509 $896,209 +1.6%
Net Income $-417,356 $113,592 -4.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
149
Volunteers
100

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
4
$0
Total Directors
8
$139,998
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIA STANEVA CEO 40.00
Director
$139,998 $0 $139,998
PAUL FINKEL MD CHAIR 5.00
Officer Director
$0 $0 $0
JOHN SHWOPE VICE CHAIR 5.00
Officer Director
$0 $0 $0
ANTHONY VASQUEZ TREASURER 5.00
Officer Director
$0 $0 $0
GARY WARTIK SECRETARY 5.00
Officer Director
$0 $0 $0
ERIN POHL DIRECTOR 2.00
Director
$0 $0 $0
RUSSELL SPOTO MD DIRECTOR 2.00
Director
$0 $0 $0
MARIJANE UNTER DIRECTOR 2.00
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 $1,916,153 $2,333,509 $677,180 $-417,356
2023 $2,583,184 $2,918,320 $763,507 $-335,136
2023 $1,009,801 $896,209 $983,092 $113,592
2023 $2,583,184 $2,918,320 $763,507 $-335,136
2022 $1,987,046 $1,852,241 $934,366 $134,805
2021 $1,642,962 $1,361,703 $774,216 $281,259
2020 $1,392,274 $1,959,688 $957,509 $-567,414
2019 $2,890,567 $2,845,806 $1,027,358 $44,761
2018 $2,572,495 $2,310,451 $898,491 $262,044
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