Festival Of Arts Of Laguna Beach

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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

1932

Legal Domicile

Principal Officer

Jeffrey Rovner

Phone

9494941145

Tax Period

2024-10-01 to 2025-09-30

Festival Of Arts Of Laguna Beach, founded in 1932, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE, PRODUCE, AND SPONSOR EVENTS AND ACTIVITIES THAT ENCOURAGE THE APPRECIATION, STUDY AND PERFORMANCE OF THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $6,245,903 Revenue: $7,660,707

TO FOSTER, SUSTAIN, AND EXTEND THE FINE ART OF DESIGN, DRAMATIC ARTS, MUSIC AND ALL OTHER ARTS THROUGH CONCERT, EXHIBITS, FESTIVALS, AND PAGENTS FOR THE GENERAL PUBLIC.

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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 $972,105

Program Service Revenue $7,308,690

Investment Income $383,512

Other Revenue $902,472

TOTAL REVENUE $9,566,779

Expense Breakdown

Grants Paid $87,995

Salaries & Benefits $6,114,291

Fundraising Expenses $0

Program Expenses $6,245,903

Other Expenses $3,788,304

TOTAL EXPENSES $9,990,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,566,779	$10,165,446	-0.1%
Expenses	$9,990,590	$9,740,035	+0.0%
Net Income	$-423,811	$425,411	-2.0%

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

387

Volunteers

450

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

$201,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Challis	Pageant Director	40.0	Officer	$192,500	$8,900	$201,400
Gary Fowler	Director of Operations	40.0	Highest	$141,419	$14,056	$155,475
Stephanie Higuchi	Director of Marketing	40.0	Highest	$134,736	$18,626	$153,362
Christine Georgantas	Director of Exhibits	40.0	Highest	$125,500	$13,796	$139,296
Richard Hill	Technical Director	40.0	Highest	$118,000	$17,388	$135,388
Michael Miller	Director of Security	40.0	Highest	$121,000	$13,118	$134,118
David Perry	President	10.0	Officer Director	$0	$0	$0
Waybe Baglin	Vice President	10.0	Officer Director	$0	$0	$0
Fredric Sattler	Treasurer	10.0	Officer Director	$0	$0	$0
Pat Kollenda	Secretary (thru 11/01/2024)	10.0	Officer Director	$0	$0	$0
Tom Lamb	Secretary (EFF 11/01/2024)	10.0	Officer Director	$0	$0	$0
John Connolly	Director	10.0	Director	$0	$0	$0
Ed Hanke	Director	10.0	Director	$0	$0	$0
Anita Mangels	Director	10.0	Director	$0	$0	$0
Jeff Rovner	Director	10.0	Director	$0	$0	$0
Mitch Ridder	DIRECTOR (EFF 11/1/2024)	10.0	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
2025	$9,566,779	$9,990,590	$12,556,285	$-423,811
2024	$10,165,446	$9,740,035	$13,174,595	$425,411
2023	$10,411,645	$9,613,525	$12,714,523	$798,120
2022	$10,814,120	$8,366,599	$11,626,110	$2,447,521
2021	$14,996,026	$5,398,846	$11,847,109	$9,597,180
2020	$1,043,224	$4,722,227	$3,301,567	$-3,679,003
2019	$10,674,716	$10,168,126	$26,225,244	$506,590
2018	$10,444,928	$9,715,250	$26,248,216	$729,678