NAVEL LA CO (EIN 825235150) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

MICHAEL HOLT

Phone

2133404213

Tax Period

2022-01-01 to 2022-12-31

NAVEL LA CO, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $369K left a modest 3% surplus.

Mission

NAVEL SUPPORTS CULTURAL COMMUNITIES, ORGANIZATIONS, AND INVIDUALS BY PROVIDING PUBLIC ARTS PROGRAMMING, SPACE RESIDENCIES, FACILITIES AND SPACE RENTAL AND SERVICES, EDUCATIONAL PROGRAMS, AND RESEARCH, AND ALL OTHER ACTIVITIES RELATED TO THE ABOVE MISSION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $304,218

Program Service Revenue $10,678

Investment Income $2

Other Revenue $66,157

TOTAL REVENUE $381,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,322

Fundraising Expenses $34,853

Program Expenses $220,230

Other Expenses $217,728

TOTAL EXPENSES $369,050

Year-over-Year Comparison

	2022	2021	Change
Revenue	$381,055	$404,203	-0.1%
Expenses	$369,050	$391,340	-0.1%
Net Income	$12,005	$12,863	-0.1%

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

Employees

Volunteers

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

$70,436

Total Directors

$7,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NADA RASTAD	SECRETARY	5.00	Director	$0	$0	$0
IRINA CONTRERAS	INTERIM BOARD PRESIDENT	10.00	Director	$7,500	$0	$7,500
RANDALL SARAFA	TREASURER	5.00	Director	$0	$0	$0
MICHAEL HOLT	EXECUTIVE DIRECTOR	50.00	Officer	$66,836	$3,600	$70,436

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
2022	$381,055	$369,050	$94,174	$12,005
2021	$404,203	$391,340	$71,883	$12,863
2020	$145,740	$201,202	$88,225	$-55,462
2019	$257,503	$278,106	$19,567	$-20,603

NAVEL LA CO