ORANGE COUNTY MUSICIANS UNION LOCAL 7 AFM (EIN 951537366) - 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

Legal Domicile

Principal Officer

EDMUND VELASCO

Tax Period

2023-01-01 to 2023-12-31

ORANGE COUNTY MUSICIANS UNION LOCAL 7 AFM is a small nonprofit that reported $669K in total revenue in fiscal year 2023. Net assets of $1.5M represent 27 months of operating reserves.

Mission

LABOR ORGANIZATION

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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 $0

Program Service Revenue $650,217

Investment Income $-8,242

Other Revenue $27,064

TOTAL REVENUE $669,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,079

Fundraising Expenses $0

Other Expenses $320,183

TOTAL EXPENSES $692,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$669,039	$648,935	+0.0%
Expenses	$692,262	$635,848	+0.1%
Net Income	$-23,223	$13,087	-2.8%

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

$170,112

Total Directors

$3,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMUND VELASCO	President	2.00	Officer	$87,486	$0	$87,486
TAMMY NOREYKO	Secretary	32.00	Officer	$81,987	$0	$81,987
DAVID CATALAN	Vice President	3.00	Director	$1,369	$0	$1,369
RONALD MINOR	Trustee	2.00	Director	$1,278	$0	$1,278
CONSTANCE DEETER	Trustee	2.00	Director	$1,186	$0	$1,186
GREG REYNOLDS	Vice President	3.00	Officer	$639	$0	$639
DONALD PETERSON	EXEC/BOARD	2.00	Director	$0	$0	$0
MICHAEL PEAK	Trustee	2.00	Director	$0	$0	$0
ADAM C NEELY	Trustee	2.00	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	No data	No data	No data	No data
2023	$669,039	$692,262	$1,750,543	$-23,223
2022	$648,935	$635,848	$1,855,968	$13,087
2021	$901,461	$517,000	$1,805,585	$384,461
2021	$901,461	$517,000	$1,805,585	$384,461
2020	$375,904	$585,743	$1,376,847	$-209,839
2019	$682,186	$693,224	$1,371,732	$-11,038
2018	$723,747	$577,113	$1,381,348	$146,634

ORANGE COUNTY MUSICIANS UNION LOCAL 7 AFM