LOS ANGELES MEMORIAL COLISEUM FOUNDATION

EIN: 843130910 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$11,187
Total Expenses
$267,147
Total Assets
$316,762
Net Assets
$316,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CA
Principal Officer
RACHELLE ANEMA
Phone
2139748321
Tax Period
2022-07-01 to 2023-06-30

LOS ANGELES MEMORIAL COLISEUM FOUNDATION, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $11K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 2288% operating deficit.

Mission

TO PRESERVE AND PROMOTE THE LOS ANGELES MEMORIAL COLISEUM (LAMC)BY ENGAGING THE PUBLIC, EXPOSITION PARK STAKEHOLDERS, CIVIC LEADERS, AND OTHERS TO ENSURE ITS HISTORIC LEGACY FOR FUTURE GENERATIONS. TO ENCOURAGE PUBLIC PARTICIPATION AT THE LAMC BY HOSTING TO THE GREATEST EXTENT POSSIBLE, AN ARRAY OF ON-SITE PUBLIC INTEREST EVENTS YEAR-ROUND WHICH ARE OPEN AND FREE TO THE PUBLIC FOR PURPOSES OF EDUCATION AND ENJOYMENT. TO PRESERVE AND PUBLICLY DISPLAY THE HISTORICAL ARTIFACTS AND MEMORABILIA OF THE LAMC AND SPORTS ARENA PROPERTIES DETAILING THE HISTORY OF THESE ICONIC FACILITIES. TO PROVIDE SUPPORT TO THE COLISEUM COMMISSION INCLUDING FINANCIAL ASSISTANCE FOR THE CONTINUED ADMINISTRATION AND OPERATIONAL EXPENSES OF THE COMMISSSION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $11,187
Other Revenue $0
TOTAL REVENUE $11,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $267,047
Other Expenses $267,147
TOTAL EXPENSES $267,147

Year-over-Year Comparison

2022 2021 Change
Revenue $11,187 $502,718 -1.0%
Expenses $267,147 $670,236 -0.6%
Net Income $-255,960 $-167,518 +0.5%
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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Governance

Voting Members
3
Independent Members
3
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
7
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOLOMON RIVERA President 1.00
Officer Director
$0 $0 $0
CURREN D PRICE JR Vice President 1.00
Officer Director
$0 $0 $0
GEORGE L PLA Treasurer 1.00
Officer Director
$0 $0 $0
ANITA DEFRANTZ Director 1.00
Officer
$0 $0 $0
SONIA CHAN CO-COUNSEL 1.00
Officer
$0 $0 $0
RICHARD TOM CO-COUNSEL 1.00
Officer
$0 $0 $0
PARJACK GHADERI CO-COUNSEL 1.00
Officer
$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
2023 $11,187 $267,147 $316,762 $-255,960
2022 $502,718 $670,236 $572,722 $-167,518
2021 $898,663 $158,423 $740,240 $740,240
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