Penny Lane Centers

EIN: 952633765 501(c)(3)

North Hollywood, CA

Total Revenue
$66,651,463
Total Expenses
$65,087,547
Total Assets
$48,926,016
Net Assets
$35,108,303
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
CA
Principal Officer
Wendy Carpenter
Phone
8188923423
Tax Period
2024-07-01 to 2025-06-30

Penny Lane Centers, founded in 1969, is a mid-sized nonprofit that reported $66.7M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

We empower hopes and dreams. Our values are commitment, community, and collaboration. We welcome all regardless of gender, race, age, religion, disability, marital status, ethnic background, sexual orientation, gender identity and gender expression.

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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 (2024)

Revenue Breakdown

Contributions & Grants $63,273,687
Program Service Revenue $62,974
Investment Income $818,559
Other Revenue $2,496,243
TOTAL REVENUE $66,651,463

Expense Breakdown

Grants Paid $3,990,356
Salaries & Benefits $47,118,573
Fundraising Expenses $811,669
Program Expenses $62,606,587
Other Expenses $13,978,618
TOTAL EXPENSES $65,087,547

Year-over-Year Comparison

2024 2023 Change
Revenue $66,651,463 $70,526,520 -0.1%
Expenses $65,087,547 $64,675,311 +0.0%
Net Income $1,563,916 $5,851,209 -0.7%
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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Governance

Voting Members
12
Independent Members
12
Employees
572
Volunteers
129

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
6
$798,363
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adrienne S Khorasanee President 1.00
Officer Director
$0 $0 $0
Katrina Rosale Vice President 1.00
Officer Director
$0 $0 $0
Bruce Hector MD Secretary 1.00
Officer Director
$0 $0 $0
Kathi Atkinson Treasurer 1.00
Officer Director
$0 $0 $0
Kathryn Bailey-Cunningham Board Member 1.00
Director
$0 $0 $0
Rocky DeAngelis Board member 1.00
Director
$0 $0 $0
Morgan Hakimi PhD Board Member 1.00
Director
$0 $0 $0
Annick Hamon Board Member 1.00
Director
$0 $0 $0
Anthony Lee Board Member 1.00
Director
$0 $0 $0
Janine Newman Board Member 1.00
Director
$0 $0 $0
James Ocon Board Member 1.00
Director
$0 $0 $0
Alex Wheeler Board Member 1.00
Director
$0 $0 $0
Bernie La Fianza CFO 34.00
Officer
$339,348 $11,700 $351,048
Wendy Carpenter CEO 34.00
Officer
$432,057 $15,258 $447,315
Rosana La Fianza Chief Operations Officer 32.00
Highest
$339,085 $10,368 $349,453
Dr Maria Judith Sandino Chief Programs Officer 40.00
Highest
$338,323 $11,025 $349,348
Naomi Novak Deputy Director 40.00
Highest
$265,278 $11,444 $276,722
Kristin Malka Sr. Dir. Behavioral Health Svcs 40.00
Highest
$226,693 $22,367 $249,060
Maura Johnson Director of Housing 40.00
Highest
$207,808 $13,043 $220,851
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 $66,651,463 $65,087,547 $48,926,016 $1,563,916
2024 $70,526,520 $64,675,311 $50,778,949 $5,851,209
2023 $54,105,621 $54,038,931 $41,101,363 $66,690
2022 $57,327,728 $53,930,423 $39,570,821 $3,397,305
2021 $56,218,978 $56,076,251 $40,066,776 $142,727
2020 $59,200,085 $58,853,770 $37,011,767 $346,315
2019 $57,625,264 $58,988,960 $37,400,186 $-1,363,696
2018 $60,453,028 $57,872,957 $38,384,727 $2,580,071
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