THE MINISTRY OF THE KORDADA INC

EIN: 824117318 501(c)(3) Human Services

WEST HOLLYWOOD, CA

Total Revenue
$237,792
Total Expenses
$154,053
Total Assets
$143,419
Net Assets
$89,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
JENNIFER TIGHE
Phone
3108541114
Tax Period
2019-01-01 to 2019-12-31

THE MINISTRY OF THE KORDADA INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $238K in total revenue in fiscal year 2019. Revenue surged 226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 35% operating margin.

Mission

THE MINISTRY OF THE KORDADA INC. IS A COLLABORATIVE EFFORT OF THE WEIRD AND WONDERFUL, INTENDED TO DRAW ATTENTION TO, REVITALIZE, AND PARTNER AND FLOURISH WITH, LOCAL ARTISTIC ENCLAVES AND FORGOTTEN PEOPLES AROUND THE WORLD. TMOK WAS BORN OUT OF THE DESIRE BY A SMALL GROUP OF LOS ANGELINOS TO BREATH LIFE, ART, AND BEAUTY BACK INTO A DISTRESSED COMMUNITY, BOMBAY BEACH, CA.BOMBAY BEACH IS A SMALL TOWN OF 300 RESIDENTS THAT RESIDES ON THE SHORES OF THE SALTON SEA. THE SALTON SEA IS A LOOMING ECOLOGICAL DISASTER, FILLED WITH TOXINS SUCH AS ACCUMULATED DRIFTING WASTE AND LIFELESS ROTTING SEA CREATURES. THE BIENNALE PROGRAM SEEKS TO BRING ATTENTION AND RESOURCES TO BOMBAY BEACH. THE FOUNDERS OF TMOK HAVE PURCHASED LAND IN THE TOWN, THAT WILL BE MADE AVAILABLE FOR USE, BY TMOK ARTISTS AND CREATIVES IT SUPPORTS. THE INTENT IS TO REHABILITATE AND ENHANCE THESE SPACES IN ORDER TO CREATE PERMANENT WORKS OF INTERACTIVE ART THAT CAN BE ENJOYED BY LOCALS AND VISITOR'S YEAR- ROUND.

Program Service Accomplishments

Program 1
Expenses: $134,535

THE MINISTRY OF THE KORDADA INC. IS A COLLABORATIVE EFFORT OF THE WEIRD AND WONDERFUL, INTENDED TO DRAW ATTENTION TO, REVITALIZE, AND PARTNER AND FLOURISH WITH, LOCAL ARTISTIC ENCLAVES AND FORGOTTEN...

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THE MINISTRY OF THE KORDADA INC. IS A COLLABORATIVE EFFORT OF THE WEIRD AND WONDERFUL, INTENDED TO DRAW ATTENTION TO, REVITALIZE, AND PARTNER AND FLOURISH WITH, LOCAL ARTISTIC ENCLAVES AND FORGOTTEN PEOPLES AROUND THE WORLD. TMOK WAS BORN OUT OF THE DESIRE BY A SMALL GROUP OF LOS ANGELINOS TO BREATH LIFE, ART, AND BEAUTY BACK INTO A DISTRESSED COMMUNITY, BOMBAY BEACH, CA THROUGH THE BIENNALE ART FESTIVAL.THE UNDERLYING EMPHASIS OF THE FESTIVAL IS TO ENHANCE THE LOCAL ENVIRONMENT IN ORDER TO BRING INTRINSIC VALUE BACK TO THIS ONCE-POPULAR SOUTHERN CALIFORNIA DESTINATION. THE KORDADA WILL CONTINUE WITH ITS EFFORTS TO FUND RAISE FOR THE FUTURE BIENNALES WITH THE GOAL TO INCREASE THE DONATION POOL, THE PER DONOR AMOUNT, AND THE TOURIST NUMBERS TO THE TOWN FOR LOCAL COMMERCE. IT IS NOT POSSIBLE TO PUT A TIMELINE OR ANY STATISTICS TO THE DERIVED BENEFIT OF THE UNDERLYING PROGRAM, AS IT IS ALSO HIGHLY IMPROBABLE, DUE TO ITS ENVIRONMENT, THAT BOMBAY BEACH WILL RETURN TO ITS ONCE UPON A TIME "DESTINATION" STATUS IN THE IMMEDIATE FUTURE. BUT A GOOD EFFORT IS BEING MADE TO PUT IT BACK ON THE MAP AND PROVOKE DISCUSSIONS ABOUT THE ECOLOGICAL ISSUES IT FACES.

Program 2
Expenses: $480

IN SEPTEMBER 2019 TMOK LAUNCHED A FUNDRAISING PROGRAM TO FUND A NEW TRASH COLLECTION SERVICE FOR BOMBAY BEACH, AS CURRENTLY THERE IS NO SERVICE PROVIDED. MANY OF THE LOCAL RESIDENTS ARE ELDERLY AND...

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IN SEPTEMBER 2019 TMOK LAUNCHED A FUNDRAISING PROGRAM TO FUND A NEW TRASH COLLECTION SERVICE FOR BOMBAY BEACH, AS CURRENTLY THERE IS NO SERVICE PROVIDED. MANY OF THE LOCAL RESIDENTS ARE ELDERLY AND HAVE NO ACCESS TO BASIC SANITATION SERVICES. THROUGH THIS TRASH COLLECTION PROGRAM, WE HOPE TO SIGNIFICANTLY IMPROVE SANITARY AND HYGIENE STANDARDS, AND TO CREATE AWARENESS OF PROPER DISPOSAL AND RECYCLING METHODS. SUCH ACTIONS ARE INTENDED TO SUPPORT AND NURTURE THE GROWING COMMUNITY OF ARTISTS AND CREATORS THAT INHABIT, RESIDE OR VISIT BOMBAY BEACH, CALIFORNIA, AND IN TURN MAKE A SIGNIFICANT DIFFERENCE IN THE LIVES OF LOCALS WHO HAVE LIVED WITH NO SERVICES FOR MANY YEARS.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $237,792
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $237,792

Expense Breakdown

Grants Paid $8,442
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,015
Other Expenses $145,611
TOTAL EXPENSES $154,053

Year-over-Year Comparison

2019 2018 Change
Revenue $237,792 $72,974 +2.3%
Expenses $154,053 $67,095 +1.3%
Net Income $83,739 $5,879 +13.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER TIGHE TREASURER 10.00
Officer Director
$0 $0 $0
LAUREN BRAND SECRETARY 10.00
Officer Director
$0 $0 $0
STEFAN ASHKENAZY DIRECTOR 10.00
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
2019 $237,792 $154,053 $143,419 $83,739
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