MONTEREY HISTORY AND ART ASSOCIATION LTD (EIN 941517208) - Form 990 Financial Analysis & Trantor Score

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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

1931

Legal Domicile

Principal Officer

GARY SPRADLIN

Tax Period

2023-10-01 to 2024-09-30

MONTEREY HISTORY AND ART ASSOCIATION LTD, founded in 1931, is a small nonprofit in the Arts, Culture & Humanities sector that reported $457K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $1.8M represent 47 months of operating reserves.

Mission

MONTEREY HISTORY AND ART ASSOCIATION, LTD (MHAA) PROMOTES THE HISTORIES AND DIVERSE LEGACIES OF THE PEOPLE, STORIES, AND PLACES IN MONTEREYS PAST, AND CONTINUES NOW TO SHAPE THE FUTURE HISTORY OF MONTEREY, CA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $344,968

Program Service Revenue $28,929

Investment Income $0

Other Revenue $83,437

TOTAL REVENUE $457,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,222

Fundraising Expenses $0

Program Expenses $277,070

Other Expenses $436,587

TOTAL EXPENSES $458,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,334	$355,677	+0.3%
Expenses	$458,809	$416,671	+0.1%
Net Income	$-1,475	$-60,994	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MAZGAI	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN DELAY	DIRECTOR	2.00	Director	$0	$0	$0
FRANCES SPRADLIN	DIRECTOR	2.00	Director	$0	$0	$0
CATHY SEYFERTH	DIRECTOR	2.00	Director	$0	$0	$0
MONICA CHURCHILL	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MAR	TREASURER	15.00	Officer Director	$0	$0	$0
LARRY CHAVEZ	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GARY SPRADLIN	PRESIDENT	15.00	Officer Director	$0	$0	$0
THERESA YARNELL-TODD	SECRETARY	3.00	Officer 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	$457,334	$458,809	$1,789,126	$-1,475
2023	$355,677	$416,671	$1,781,248	$-60,994
2022	$484,965	$244,010	$2,014,906	$240,955
2021	$115,837	$247,076	$1,747,405	$-131,239
2020	$103,691	$231,093	$1,871,185	$-127,402
2019	$163,492	$292,483	$1,950,422	$-128,991
2018	$112,398	$309,882	$2,083,412	$-197,484

MONTEREY HISTORY AND ART ASSOCIATION LTD