LIVE MUSIC FOSTERING COMMUITY

EIN: 883094294 501(c)(3) Arts, Culture & Humanities

EAST PALO ALTO, CA

Total Revenue
$177,242
Total Expenses
$142,548
Total Assets
$158,554
Net Assets
$158,554
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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
2022
Legal Domicile
CA
Principal Officer
SCOTT G JACOBS
Tax Period
2023-01-01 to 2023-12-31

LIVE MUSIC FOSTERING COMMUITY, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2023. The organization ran a surplus of $35K, a strong 20% operating margin.

Mission

PROVIDE FREE LIVE MUSIC PERFORMANCES TO FOSTER COMMUNITY IN OUR CULTURALLY AND ECONOMICALLY DIVERSE COMMUNITY.

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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 $177,242
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $177,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $142,548
Other Expenses $142,548
TOTAL EXPENSES $142,548

Year-over-Year Comparison

2023 2022 Change
Revenue $177,242 N/A N/A
Expenses $142,548 N/A N/A
Net Income $34,694 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
6
Independent Members
6
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA GLEATON SECRETARY 10.00
Officer
$0 $0 $0
CORNELIA FLETCHER CFO 10.00
Officer
$0 $0 $0
SCOTT G JACOBS CEO 10.00
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
2025 No data No data No data No data
2023 $177,242 $142,548 $158,554 $34,694
2022 $410,970 $287,110 $123,860 $123,860
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