ORANGE COUNTY MUSICIANS UNION LOCA… - 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

Legal Domicile

Principal Officer

EDMUND VELASCO

Tax Period

2025-01-01 to 2025-12-31

ORANGE COUNTY MUSICIANS UNION LOCAL 7 AFM is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 39% operating margin.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $717,716

Investment Income $474,625

Other Revenue $28,956

TOTAL REVENUE $1,221,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,223

Fundraising Expenses $0

Other Expenses $342,355

TOTAL EXPENSES $739,578

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,221,297	$867,391	+0.4%
Expenses	$739,578	$778,754	-0.1%
Net Income	$481,719	$88,637	+4.4%

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

$173,576

Total Directors

$17,921

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDMUND VELASCO	President	32.00	Officer	$91,860	$0	$91,860
TAMMY NOREYKO	Secretary	32.00	Officer	$78,860	$0	$78,860
JUSTIN MITNIK	Trustee	3.00	Director	$7,092	$0	$7,092
ROBERT SCHUMITZKY	Trustee	3.00	Director	$7,088	$0	$7,088
DAVID CATALAN	Vice President	3.00	Officer	$2,856	$0	$2,856
MELIA BADALIAN	Trustee	2.00	Director	$1,341	$0	$1,341
CONSTANCE DEETER	Trustee	2.00	Director	$1,246	$0	$1,246
CYNTHIA MCKINNEY	Trustee	2.00	Director	$1,154	$0	$1,154

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
2025	$1,221,297	$739,578	$2,306,645	$481,719
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