Downtown Santa Monica Inc (EIN 953938944) - Form 990 Financial Analysis & Trantor Score

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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

1984

Legal Domicile

Principal Officer

Barry Snell

Phone

3103938355

Tax Period

2022-07-01 to 2023-06-30

Downtown Santa Monica Inc, founded in 1984, is a community nonprofit in the Community Improvement sector that reported $9.7M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $9.2M left a modest 5% surplus.

Mission

Promote the Third Street Promenade and the surrounding areas in Santa Monica, California by providing programs, projects and services that benefit the area merchants, property owners, customers, visitors and residents.

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,257,829

Program Service Revenue $1,366,879

Investment Income $2,937

Other Revenue $44,706

TOTAL REVENUE $9,672,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,146,300

Fundraising Expenses $0

Program Expenses $8,956,853

Other Expenses $8,005,475

TOTAL EXPENSES $9,151,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,672,351	$8,582,946	+0.1%
Expenses	$9,151,775	$8,368,872	+0.1%
Net Income	$520,576	$214,074	+1.4%

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

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

$181,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Mongarro	Director of Operations	40.00		$154,339	$0	$154,339
Kathleen Rawson	Former CEO	0.00		$144,423	$0	$144,423
John Harris	Fmr Interim CEO	40.00	Officer	$100,000	$0	$100,000
Andrew Thomas	CEO	40.00	Officer	$81,667	$0	$81,667
Barry Snell	Director	2.00	Officer Director	$0	$0	$0
Lora Vrasil	Director	2.00	Director	$0	$0	$0
Lucian Tudor	Director	2.00	Director	$0	$0	$0
Luke Cain	Director	2.00	Director	$0	$0	$0
Julia Ladd	Director	2.00	Director	$0	$0	$0
Leo Pustilnikov	Director	2.00	Director	$0	$0	$0
Eric Sedman	Chairman	2.00	Officer Director	$0	$0	$0
Peter Trinh	Director	2.00	Director	$0	$0	$0
Michele Aronson	Director	2.00	Director	$0	$0	$0
Joshua Gilman	Director	2.00	Director	$0	$0	$0
Susan Cline	Director	2.00	Director	$0	$0	$0
Ericka Lesley	Director	2.00	Director	$0	$0	$0
Bruce Fairty	Director	2.00	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	No data	No data	No data	No data
2023	$9,672,351	$9,151,775	$6,382,139	$520,576
2022	$8,582,946	$8,368,872	$4,705,827	$214,074
2021	$9,308,728	$9,478,383	$4,897,203	$-169,655
2020	$9,920,631	$9,868,968	$5,282,144	$51,663
2019	$9,063,756	$9,314,268	$4,399,665	$-250,512

Downtown Santa Monica Inc