ACOUSTICAL INDUSTRY ADVANCEMENT FUND INC

EIN: 954127463

LOS ANGELES, CA

Total Revenue
$204,586
Total Expenses
$217,974
Total Assets
$87,674
Net Assets
$81,571
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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
1986
Legal Domicile
CA
Principal Officer
MITCH WEISS
Phone
2133129022
Tax Period
2024-10-01 to 2025-09-30

ACOUSTICAL INDUSTRY ADVANCEMENT FUND INC, founded in 1986, is a small nonprofit that reported $205K in total revenue in fiscal year 2024.

Mission

TO PROVIDE LABOR AND MANAGEMENT COMMUNICATIONS.

Program Service Accomplishments

Program 1
Expenses: $215,249

TO IMPROVE COMMUNICATIONS BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT IN THE ACOUSTICAL INDUSTRY FOR APPROXIMATELY 1,500 PARTICIPANTS.

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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 $0
Program Service Revenue $203,894
Investment Income $692
Other Revenue $0
TOTAL REVENUE $204,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,478
Fundraising Expenses $0
Program Expenses $215,249
Other Expenses $39,496
TOTAL EXPENSES $217,974

Year-over-Year Comparison

2024 2023 Change
Revenue $204,586 $196,155 +0.0%
Expenses $217,974 $233,854 -0.1%
Net Income $-13,388 $-37,699 -0.6%
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

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON CORTEZ BUSINESS AGENT 40.00
$127,374 $41,073 $168,447
MARK COBB President 0.00
Director
$0 $0 $0
JACOB LOPEZ Director 0.10
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 $204,586 $217,974 $87,674 $-13,388
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