NORTHERN CALIFORNIA MUSIC & ART CULTURE CENTER (EIN 943174349) - 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

1992

Legal Domicile

Principal Officer

YOUNG SOOK KIM

Phone

4153177917

Tax Period

2024-01-01 to 2024-12-31

NORTHERN CALIFORNIA MUSIC & ART CULTURE CENTER, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $230K left a modest 10% surplus.

Mission

Culture-enriched music & arts programs are offered to the young & adult in the San Francisco Bay Area, giving individual, group lessons, after-school music & arts

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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 (2024)

Revenue Breakdown

Contributions & Grants $64,690

Program Service Revenue $184,442

Investment Income $7,377

Other Revenue $0

TOTAL REVENUE $256,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,686

Fundraising Expenses $851

Program Expenses $186,706

Other Expenses $102,141

TOTAL EXPENSES $229,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,509	$228,263	+0.1%
Expenses	$229,827	$240,155	0.0%
Net Income	$26,682	$-11,892	-3.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$48,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Han	Board Chair	1.00	Officer Director	$0	$0	$0
Michelle Nip	Secretary	1.00	Officer Director	$0	$0	$0
Dong Kook Chang	Board member	1.00	Director	$0	$0	$0
Naja Lockwood	Board member	1.00	Director	$0	$0	$0
Young Sook Kim	Executive Director	40.00	Key Emp	$48,000	$0	$48,000

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	$256,509	$229,827	$248,259	$26,682
2023	$228,263	$240,155	$220,705	$-11,892
2022	$246,591	$232,770	$241,428	$13,821
2021	$280,918	$234,140	$226,356	$46,778
2019	$261,484	$307,529	$227,213	$-46,045
2018	$346,709	$353,744	$275,397	$-7,035

NORTHERN CALIFORNIA MUSIC & ART CULTURE CENTER