VARIETY - THE CHILDRENS CHARITY OF… - Form 990 Financial Data

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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

1941

Legal Domicile

Phone

3236551547

Tax Period

2023-10-01 to 2024-09-30

VARIETY - THE CHILDRENS CHARITY OF SOUTHERN CALIFORNIA TENT 25, founded in 1941, is a small nonprofit that reported $977K in total revenue in fiscal year 2023. The organization ran a surplus of $179K, a strong 18% operating margin.

Mission

Variety is dedicated to inspiring hope, enriching lives and building a better future for the children of Southern California. Variety prides itself on being able to modify their agenda in order to meet the evolving conditions encompassing the region - addressing each case in a timely, impartial manner. Variety focuses its funding on program services for children in three key areas: Education, Health Care and Mobility.

Program Service Accomplishments

Program 1

Expenses: $473,420

Varietys Health Care Grants provide safety, help and hope to children who are victims of abuse, neglect and homelessness. Variety sends hundreds of kids who are battling life-threatening illnesses to camp to give them a break from the pain and chaos of treatments. Health Care grants provide medical care, therapy, and early intervention programs for kids with learning disabilities.

Program 2

Expenses: $92,408

Education Grants provide underprivileged children and at-risk youth the programs necessary to pursue their education and dreams and overcome the barriers of poverty, poor performing schools and high levels of unemployment. Education grants fund early literacy programs, college scholarships, homework assistance, college prep, career readiness, art, music, science and technology workshops, sports and gang prevention counseling. Variety the Children's Charity of Southern California is also a major funder of the Variety Boys & Girls Club of Boyle Heights. The Variety Boys and Girls Club is thriving and is serving more kids than ever with leadership development programs, tutoring and mentoring, recreation, sports and aquatics programs, arts and crafts, a computer learning center and library, social recreation and college scholarships The Club is a safe haven where children can learn, grow and hope.

Program 3

Expenses: $57,375

Variety's Mobility Program helps children with disabilities gain mobility, strength, confidence, independence and the chance to join in the life of their community by providing funding for walkers...

Variety's Mobility Program helps children with disabilities gain mobility, strength, confidence, independence and the chance to join in the life of their community by providing funding for walkers, wheelchairs, specially-designed adaptive bikes and therapeutic strollers to families with the most need. Variety believes that no child should miss out on simple pleasures of childhood like riding a bike simply because the adaptive equipment needed is not covered by insurance and too expensive for the family.

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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 $888,223

Program Service Revenue $0

Investment Income $88,309

Other Revenue $0

TOTAL REVENUE $976,532

Expense Breakdown

Grants Paid $448,615

Salaries & Benefits $212,517

Fundraising Expenses $136,713

Program Expenses $623,203

Other Expenses $136,098

TOTAL EXPENSES $797,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$976,532	$991,153	0.0%
Expenses	$797,230	$732,667	+0.1%
Net Income	$179,302	$258,486	-0.3%

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

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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

300

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRITNI SMITH	Executive Dir.	50.00	Officer	$125,000	$0	$125,000
Charles Leisenring	Director	1.00	Director	$0	$0	$0
GREG WASHER	Director	1.00	Director	$0	$0	$0
ROBERT MACIAS	Director	1.00	Director	$0	$0	$0
CAMI MARTINEZ	Director	1.00	Director	$0	$0	$0
Mike Rosenberg	Director	1.00	Director	$0	$0	$0
Richard Gutierrez	Director	1.00	Director	$0	$0	$0
MARK ANDERSON	Director	1.00	Director	$0	$0	$0
PATRICIA GONZALEZ	Director	2.00	Director	$0	$0	$0
BARBARA DRETZKE	Director	1.00	Director	$0	$0	$0
MICHAEL A ALVAREZ JR	Director	1.00	Director	$0	$0	$0
Ania Wojcieszynska	Director	1.00	Director	$0	$0	$0
DALE DAVISON	Director	1.00	Director	$0	$0	$0
Susan Cotliar	Director	1.00	Director	$0	$0	$0
BRETT FELLMAN	Director	1.00	Director	$0	$0	$0
BRANDEN D MILLER	Director	1.00	Director	$0	$0	$0
JOHN C HALL	Director	1.00	Director	$0	$0	$0
SHELLY KRATZER	Director	1.00	Director	$0	$0	$0
NIKKI DANIEL	Director	1.00	Director	$0	$0	$0
ALLISON FULLMER	Director	1.00	Director	$0	$0	$0
RICK OLSON	Director	1.00	Director	$0	$0	$0
MARY BETH GARBER	Director	1.00	Director	$0	$0	$0
MIKE POLYDOROS	Chairman	2.00	Officer Director	$0	$0	$0
ERIC TABAK	Director	2.00	Director	$0	$0	$0
SPENCER KLEIN	Director	1.00	Director	$0	$0	$0
STEVE BUNNELL	President	3.00	Officer Director	$0	$0	$0
RICKY JEFFERSON	Director	1.00	Director	$0	$0	$0
Brian Flanagan	Director	1.00	Director	$0	$0	$0
Cary Silvera	Director	1.00	Director	$0	$0	$0
William Paja	Treasurer	8.00	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	$976,532	$797,230	$2,600,156	$179,302
2023	$991,153	$732,667	$2,421,486	$258,486
2022	$892,931	$764,458	$2,094,397	$128,473
2021	$709,554	$766,839	$2,171,186	$-57,285
2021	$709,554	$766,839	$2,171,186	$-57,285
2020	$980,117	$1,069,021	$2,241,476	$-88,904
2020	$980,117	$1,069,021	$2,241,476	$-88,904
2019	$1,394,513	$1,458,235	$2,376,489	$-63,722
2018	$1,402,551	$1,399,029	$2,429,666	$3,522

VARIETY - THE CHILDRENS CHARITY OF SOUTHERN CALIFORNIA TENT 25