MUSICIANS CLUB OF LOS ANGELES (EIN 951033590) - 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

1926

Legal Domicile

Principal Officer

STEPHANIE O'KEEFE

Phone

3234622161

Tax Period

2024-01-01 to 2024-12-31

MUSICIANS CLUB OF LOS ANGELES, founded in 1926, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $797K exceeded revenue, resulting in a 271% operating deficit.

Mission

BUILDING AND LAND HOLDING COMPANY FOR AMERICAN FEDERATION OF MUSICIANS, LOCAL 47.

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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 $0

Program Service Revenue $22,449

Investment Income $6,030

Other Revenue $186,380

TOTAL REVENUE $214,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,892

Fundraising Expenses $0

Other Expenses $595,068

TOTAL EXPENSES $796,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,859	$322,048	-0.3%
Expenses	$796,960	$821,262	0.0%
Net Income	$-582,101	$-499,214	+0.2%

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

N/A

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

$372,554

Total Directors

$418,790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE O'KEEFE	PRESIDENT	1.0	Officer Director	$0	$15,217	$142,138
MARC SAZER	VICE PRESIDENT	1.0	Officer Director	$0	$12,334	$115,208
GAIL KRUVAND	SECRETARY/TREASURER	1.0	Officer Director	$0	$12,334	$115,208
WILLIAM REINCHENBACH	EXECUTIVE BOARD/TRUSTEE	1.0	Director	$0	$3,372	$7,106
BONNIE JANOFSKY	EXECUTIVE BOARD/TRUSTEE	1.0	Director	$0	$1,841	$7,001
PAMELA GATES	EXECUTIVE BOARD	1.0	Director	$0	$3,097	$6,812
ALLEN FOGLE	EXECUTIVE BOARD	1.0	Director	$0	$2,604	$6,430
ALLISON ALLPORT	EXECUTIVE BOARD	1.0	Director	$0	$2,283	$5,811
JOHN ACOSTA	EXECUTIVE BOARD	1.0	Director	$0	$1,860	$5,383
NORMAN LUDWIN	EXECUTIVE BOARD	1.0	Director	$0	$373	$3,489
JOHN LOFTON	EXECUTIVE BOARD	1.0	Director	$0	$232	$2,175
DOUGLAS TORNQUIST	EXECUTIVE BOARD/TRUSTEE	1.0	Director	$0	$217	$2,029

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	$214,859	$796,960	$16,190,538	$-582,101
2023	$322,048	$821,262	$19,697,830	$-499,214
2022	$307,367	$1,167,275	$19,984,241	$-859,908
2021	$429,885	$800,140	$21,257,268	$-370,255
2020	$269,831	$896,717	$21,571,188	$-626,886
2019	$-335,950	$27,268	$22,222,163	$-363,218
2018	$-673,653	$24,992	$22,373,502	$-698,645

MUSICIANS CLUB OF LOS ANGELES