Adopt the Arts Foundation

EIN: 800671089 501(c)(3) Arts, Culture & Humanities

Agoura Hills, CA

Total Revenue
$337,393
Total Expenses
$369,702
Total Assets
$286,187
Net Assets
$286,187
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CA
Principal Officer
Matt Sorum
Phone
3105702287
Tax Period
2024-01-01 to 2024-12-31

Adopt the Arts Foundation, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $337K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

Adopt the Arts is committed to providing underserved schools with high-quality music education through proprietary curriculum, professional mentorship and community support, empowering students to thrive through the power of music.We are building a movement, one school at a time, by bringing together artists, musicians, donors, public officials, businesses, entrepreneurs and creatives to ensure music educators have tools, resources, and unique opportunities to develop the next generation of creators, innovators, thinkers and problem-solvers.

Program Service Accomplishments

Program 1
Expenses: $368,759

Providing music programs and education to 2,600 students in five schools in Los Angeles and Coachella Valley.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $337,393
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $337,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,000
Fundraising Expenses $0
Program Expenses $368,759
Other Expenses $285,702
TOTAL EXPENSES $369,702

Year-over-Year Comparison

2024 2023 Change
Revenue $337,393 $479,136 -0.3%
Expenses $369,702 $164,388 +1.2%
Net Income $-32,309 $314,748 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
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
1
$84,000
Total Directors
4
$84,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Sorum Co-Exe Director 30.00
Officer Director
$84,000 $0 $84,000
Jane Lynch Director 5.00
Director
$0 $0 $0
Linda Crowder Director 10.00
Director
$0 $0 $0
Jill Black Director 5.00
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 $337,393 $369,202 $286,687 $-31,809
2024 $337,393 $369,702 $286,187 $-32,309
2023 $479,136 $164,388 $318,496 $314,748
2021 $197,478 $268,232 $13,122 $-70,754
2020 $248,000 $324,458 $96,445 $-76,458
2019 $389,854 $317,389 $1,204 $72,465
2018 $277,249 $243,175 $11,416 $34,074
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Adopt the Arts Foundation with other nonprofits in California and across the country.