WEST COAST SONGWRITERS

EIN: 942848590 501(c)(3) Arts, Culture & Humanities

REDWOOD CITY, CA

Total Revenue
$82,809
Total Expenses
$62,723
Total Assets
$49,415
Net Assets
$49,415
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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
1979
Legal Domicile
CA
Phone
5304001996
Tax Period
2020-01-01 to 2020-12-31

WEST COAST SONGWRITERS, founded in 1979, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $83K in total revenue in fiscal year 2020. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $20K, a strong 24% operating margin.

Mission

TO FOSTER CREATIVITY, BUILD COMMUNITY AND PROVIDE OPPORTUNITY FOR MUSIC DEVELOPMENT THROUGH EDUCATION AND CONNECTION WCS PRESENTS 10-15 EVENTS PER MONTH

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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 (2020)

Revenue Breakdown

Contributions & Grants $69,693
Program Service Revenue $12,405
Investment Income $0
Other Revenue $711
TOTAL REVENUE $82,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,802
Fundraising Expenses $0
Program Expenses $6,673
Other Expenses $16,921
TOTAL EXPENSES $62,723

Year-over-Year Comparison

2020 2019 Change
Revenue $82,809 $99,378 -0.2%
Expenses $62,723 $80,883 -0.2%
Net Income $20,086 $18,495 +0.1%
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
7
Independent Members
N/A
Employees
2
Volunteers
50

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
2
$37,881
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA POPPY NICHOLS MANAGING DIRECTOR 60.00
Director
$20,810 $0 $20,810
IAN CRONBIE EXECUTIVE DIRECTOR 30.00
Director
$17,071 $0 $17,071
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
2020 $82,809 $62,723 $49,415 $20,086
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