YOUNG MUSICIANS FOUNDATION

EIN: 952250007 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$1,162,054
Total Expenses
$1,191,194
Total Assets
$1,430,668
Net Assets
$1,389,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
CA
Tax Period
2023-07-01 to 2024-06-30

YOUNG MUSICIANS FOUNDATION, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE YOUNG MUSICIANS FOUNDATIONS (YMF) MISSION IS TO EMPOWER UNDER-SERVED, OFTEN MARGINALIZED STUDENTS TO FIND CREATIVITY, CONNECTION, AND JOY THROUGH ACCESS TO TUITION-FREE MUSIC EDUCATION, PERFORMANCES AND EXPERIENCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $848,752
Program Service Revenue $291,540
Investment Income $10,172
Other Revenue $11,590
TOTAL REVENUE $1,162,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $978,607
Fundraising Expenses $99,701
Program Expenses $1,074,278
Other Expenses $212,587
TOTAL EXPENSES $1,191,194

Year-over-Year Comparison

2023 2022 Change
Revenue $1,162,054 $1,249,159 -0.1%
Expenses $1,191,194 $1,132,567 +0.1%
Net Income $-29,140 $116,592 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
29
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
4
$113,190
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALTER ZOOI EXECUTIVE DIRECTOR 40.00
Officer
$113,190 $0 $113,190
LORI HYLAND DIRECTOR 10.00
Director
$0 $0 $0
YOLLA KAIROUZ DIRECTOR 10.00
Director
$0 $0 $0
DEB BURKART DIRECTOR 5.00
Director
$0 $0 $0
G BEVERLY BERGMANN DIRECTOR 10.00
Director
$0 $0 $0
DANIEL ROTHMULLER DIRECTOR 10.00
Director
$0 $0 $0
MARGOT SMITH THOMAS BOARD CHAIR 10.00
Officer Director
$0 $0 $0
ARNOLD SEIDEL TREASURER 10.00
Officer Director
$0 $0 $0
FRED SCHOLDER SECRETARY 10.00
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
2025 No data No data No data No data
2024 $1,162,054 $1,191,194 $1,430,668 $-29,140
2023 $1,249,159 $1,132,567 $1,419,474 $116,592
2022 $1,133,587 $1,129,072 $1,322,376 $4,515
2021 $1,105,609 $857,771 $1,331,862 $247,838
2020 $1,008,345 $1,041,630 $1,074,613 $-33,285
2019 $1,011,320 $958,554 $1,249,401 $52,766
2018 $1,531,980 $938,562 $1,105,820 $593,418
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