HOLLYWOOD PARTNERSHIP VENTURES DBA HOLLYWOOD PARTNERSHIP COMMUNITY TRUST

EIN: 870858125 501(c)(3)

HOLLYWOOD, CA

Total Revenue
$1,154,786
Total Expenses
$780,789
Total Assets
$1,222,071
Net Assets
$445,690
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
STEVEN WELLIVER
Phone
3234636767
Tax Period
2023-01-01 to 2023-12-31

HOLLYWOOD PARTNERSHIP VENTURES DBA HOLLYWOOD PARTNERSHIP COMMUNITY TRUST, founded in 2020, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $374K, a strong 32% operating margin.

Mission

HOLLYWOOD PARTNERSHIP VENTURES (DBA HOLLYWOOD PARTNERSHIP COMMUNITY TRUST(HPCT)) IS A 501(c)(3) NON-PROFIT, LAUNCHED IN 2022 AS AN AFFILIATE OF THE HOLLYWOOD PARTNERSHIP. THROUGH DONOR CONTRIBUTIONS, GRANTS, SPONSORSHIPS, CONTRACTS FOR SERVICE, AND ENTERPRISE PROGRAMS, HPCT AGGREGATES FUNDS TO INVEST IN THE BETTERMENT OF THE HOLLYWOOD COMMUNITY AND ACCELERATE IMPLEMENTATION OF STRATEGIC PLANS, PROJECTS AND INITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $498,704
Program Service Revenue $375,032
Investment Income $0
Other Revenue $281,050
TOTAL REVENUE $1,154,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $234,819
Fundraising Expenses $0
Program Expenses $567,946
Other Expenses $545,970
TOTAL EXPENSES $780,789

Year-over-Year Comparison

2023 2022 Change
Revenue $1,154,786 $694,171 +0.7%
Expenses $780,789 $622,479 +0.3%
Net Income $373,997 $71,692 +4.2%
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
22
Independent Members
22
Employees
1
Volunteers
22

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
5
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN WELLIBER EXECUTIVE DIRECTOR 40.00
$190,250 $3,050 $193,300
CHASE GORDON Chair 1.00
Officer Director
$0 $0 $0
VAUGHN DAVIS Co-Vice Chair 1.00
Officer Director
$0 $0 $0
TONY ZIMBARDI Co-Vice Chair 1.00
Officer Director
$0 $0 $0
JEFFREY MOGHAVEM Treasurer 1.00
Officer Director
$0 $0 $0
DAVID GORDON Secretary 1.00
Officer Director
$0 $0 $0
KATHIE ZANDONA Past-Chair 1.00
Director
$0 $0 $0
ERIC EISENBERG Board Member 1.00
Director
$0 $0 $0
BRIAN FOLB Board Member 1.00
Director
$0 $0 $0
MICHAEL GARGANO Board Member 1.00
Director
$0 $0 $0
DAVID GREEN Board Member 1.00
Director
$0 $0 $0
SETH HALLEN Board Member 1.00
Director
$0 $0 $0
AMY LEMISCH Board Member 1.00
Director
$0 $0 $0
SARAH LETTS Board Member 1.00
Director
$0 $0 $0
CHAD LEWIS Board Member 1.00
Director
$0 $0 $0
ANNE MEHRTENS Board Member 1.00
Director
$0 $0 $0
MICHAEL NAZZAL Board Member 1.00
Director
$0 $0 $0
KELLY OLIN Board Member 1.00
Director
$0 $0 $0
JENIFER PAQUETTE Board Member 1.00
Director
$0 $0 $0
DREW PLANTING Board Member 1.00
Director
$0 $0 $0
MICHAEL POGORZELSKI Board Member 1.00
Director
$0 $0 $0
JOE REHFELD Board Member 1.00
Director
$0 $0 $0
LARRY WILKES Board Member 1.00
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
2024 No data No data No data No data
2023 $1,154,786 $780,789 $1,222,071 $373,997
2022 $694,171 $622,479 $675,186 $71,692
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