LIVE OUT LIVE FOUNDATION INC

EIN: 862060264 501(c)(3) Public & Societal Benefit

SHERMAN OAKS, CA

Total Revenue
$236,207
Total Expenses
$145,863
Total Assets
$90,344
Net Assets
$90,344
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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
2021
Legal Domicile
CA
Phone
3109560601
Tax Period
2022-01-01 to 2022-12-31

LIVE OUT LIVE FOUNDATION INC, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $236K in total revenue in fiscal year 2022. The organization ran a surplus of $90K, a strong 38% operating margin.

Mission

WE EXIST TO BRING PATHWAYS TO INCLUSIVITY IN THE LIVE ENTERTAINMENT INDUSTRY. OUR MAIN ACT IS TO SET THE STAGE AND LIGHT IT WITH RESOURCES, EDUCATION, AND OPPORTUNITIES FOR BLACK, LATINX, AND UNDERREPRESENTED TEENS AND YOUNG ADULTS TO PURSUE CAREERS IN TOURING AND BOOKING.

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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 $236,207
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $236,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $119,755
Other Expenses $145,863
TOTAL EXPENSES $145,863

Year-over-Year Comparison

2022 2021 Change
Revenue $236,207 N/A N/A
Expenses $145,863 N/A N/A
Net Income $90,344 N/A N/A
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

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDACE NEWTON President 0.00
Director
$0 $0 $0
THELA THATCH Secretary 0.00
Director
$0 $0 $0
ANGELA JOLLIVETTE CFO 0.00
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
2022 $236,207 $145,863 $90,344 $90,344
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