LAGUNA BEACH CULTURAL ARTS CENTER

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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

2019

Legal Domicile

Phone

9496522787

Tax Period

2024-01-01 to 2024-12-31

LAGUNA BEACH CULTURAL ARTS CENTER, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $236K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $277K exceeded revenue, resulting in a 17% operating deficit.

Mission

LB Cultural Arts Center provides a creative epicenter through exhibition space events and promotion to support artists in the following mediums: visual arts music video and still photography film dance prose and poetry and arts education.

Program Service Accomplishments

Program 1

Expenses: $95,214 Revenue: $84,106

Concerts and performances by various artists

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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 (2024)

Revenue Breakdown

Contributions & Grants $146,346

Program Service Revenue $84,106

Investment Income $595

Other Revenue $5,375

TOTAL REVENUE $236,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,214

Other Expenses $277,093

TOTAL EXPENSES $277,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,422	$216,627	+0.1%
Expenses	$277,093	$194,125	+0.4%
Net Income	$-40,671	$22,502	-2.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rick Conkey	Executive Director	40.00	Officer Director	$0	$0	$0
Jeff Yoder	BoD President	10.00	Director	$0	$0	$0
Austin barrow	BoD member	2.00	Director	$0	$0	$0
Mark Dawson	BoD member	2.00	Director	$0	$0	$0
Joe Volpe	BoD Member	2.00	Director	$0	$0	$0
Jason Feddy	BoD Member	2.00	Director	$0	$0	$0
Todd Wallin	BoD member	2.00	Director	$0	$0	$0
Joe	Mauthe	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
2025	No data	No data	No data	No data
2024	$236,422	$277,093	$9,710	$-40,671
2023	$216,627	$194,125	$23,951	$22,502