LOS ALAMOS CONCERT ASSOCIATION

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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

1972

Legal Domicile

Principal Officer

Deniece Korzekwa

Phone

5056629000

Tax Period

2018-07-01 to 2019-06-30

LOS ALAMOS CONCERT ASSOCIATION, founded in 1972, is a small nonprofit that reported $201K in total revenue in fiscal year 2018. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 32% operating margin.

Mission

To provide concerts, recitals, and other musical performances for residents of Los Alamos and surrounding areas. To cultivate in residents of Los Alamos and its surrounding areas and interest in and knowledge of good music. When possible educational opportunities are provided for Los Alamos students through Master Classes by our artists.

Program Service Accomplishments

Program 1

Expenses: $136,184 Revenue: $99,977

A season of 5 unique classical music concerts isprovided each school year for Los Alamos, NM and it surrounding communities, generating total attendance of approximately 2,500 to 3,000 individuals...

A season of 5 unique classical music concerts isprovided each school year for Los Alamos, NM and it surrounding communities, generating total attendance of approximately 2,500 to 3,000 individuals, including students(ages 6 through 18) who attend for free (or for a nominal charge for special concerts) to further their musical education.

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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 (2018)

Revenue Breakdown

Contributions & Grants $101,332

Program Service Revenue $99,796

Investment Income $181

Other Revenue $0

TOTAL REVENUE $201,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,184

Other Expenses $137,357

TOTAL EXPENSES $137,357

Year-over-Year Comparison

	2018	2017	Change
Revenue	$201,309	$111,686	+0.8%
Expenses	$137,357	$111,964	+0.2%
Net Income	$63,952	$-278	-231.0%

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
Carolyn Mangeng	President	10	Officer Director	$0	$0	$0
Deniece Korzekwa	1st Vice-President	5	Officer Director	$0	$0	$0
Dan Winske	2nd Vice-President	5	Officer Director	$0	$0	$0
Patrice Goodkind	Secretary	5	Officer Director	$0	$0	$0
Elisabeth Chrien	Treasurer	15	Officer Director	$0	$0	$0
Chris del Signore	Database Manager	5	Director	$0	$0	$0
James Knudson	Performance Coordinator	5	Director	$0	$0	$0
Steve Turpin	Ticket Manager	5	Director	$0	$0	$0
Janet Harry	Poster Dirtribution & Media Calendars	3	Director	$0	$0	$0
Linda Boncella	Mailings	3	Director	$0	$0	$0
William Godwin	Webmaster	2	Director	$0	$0	$0
Lynn Godwin	Ticket Stuffing	2	Director	$0	$0	$0
Pierre-Yves LeBas	eMail Marketing & Reminders	2	Director	$0	$0	$0
Brian Haines	Facebook	2	Director	$0	$0	$0
Harold Davis	Front of House	1	Director	$0	$0	$0
Kyung Burton	Flowers	1	Director	$0	$0	$0
Robert Chrien	Box Office Manager	1	Director	$0	$0	$0
Diane Chan	Front of House	1	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
2019	$201,309	$137,357	$205,528	$63,952