YOUNG MUSICIANS FOUNDATION

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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

1955

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $1,074,278

YMFS SERVICE AREA AND NUMBER OF STUDENTS SERVED GREW TO MORE THAN 5,000 STUDENTS AT 28 SCHOOLS AND SITES ACROSS GREATER LOS ANGELES, AN INCREASE OF MORE THAN 30% OVER THE PRIOR YEAR. PROGRAMMATIC...

YMFS SERVICE AREA AND NUMBER OF STUDENTS SERVED GREW TO MORE THAN 5,000 STUDENTS AT 28 SCHOOLS AND SITES ACROSS GREATER LOS ANGELES, AN INCREASE OF MORE THAN 30% OVER THE PRIOR YEAR. PROGRAMMATIC OFFERINGS WERE EXPANDED TO INCLUDE ON-SITE CLASSES IN SONGWRITING AND COMPOSITION, AND A MUSIC AND ENGLISH LANGUAGE IMMERSION CREATED FOR ENGLISH LANGUAGE LEARNERS AT THE HIGH SCHOOL AND MIDDLE SCHOOLS GRADES. THE COMMUNITY MUSIC ACADEMY, WHICH PROVIDES TUITION-FREE INSTRUMENTAL AND GENERAL MUSIC INSTRUCTION TO COMMUNITY MEMBERS OF CYPRESS PARK AND SURROUNDING AREAS, AGES 5 THROUGH 18, EXPERIENCED AN OVER 40% INCREASE IN THE PROGRAM PARTICIPANTS, WHILE SIGNIFICANTLY EXPANDING THE NUMBER AND TYPE OF CLASSES OFFERED.

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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 $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

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

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

$113,190

Total Directors

Key Employees

Highest Compensated

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