LOS ANGELES POVERTY DEPARTMENT

EIN: 954174562 501(c)(3)

LOS ANGELES, CA

Total Revenue
$357,727
Total Expenses
$643,885
Total Assets
$236,432
Net Assets
$236,432
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
CATHERINE GUDIS PRESIDENT
Phone
2134131077
Tax Period
2024-10-01 to 2025-09-30

LOS ANGELES POVERTY DEPARTMENT, founded in 1988, is a small nonprofit that reported $358K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $644K exceeded revenue, resulting in a 80% operating deficit.

Mission

Los Angeles Poverty Department creates performances and multi-disciplinary artworks utilizing the talents of people living in poverty.

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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 $286,995
Program Service Revenue $70,423
Investment Income $309
Other Revenue $0
TOTAL REVENUE $357,727

Expense Breakdown

Grants Paid $0
Salaries & Benefits $480,529
Fundraising Expenses $50,999
Program Expenses $463,758
Other Expenses $163,356
TOTAL EXPENSES $643,885

Year-over-Year Comparison

2024 2023 Change
Revenue $357,727 $750,866 -0.5%
Expenses $643,885 $500,402 +0.3%
Net Income $-286,158 $250,464 -2.1%
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
6
Independent Members
6
Employees
15
Volunteers
20

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catherine Gudis President 12.00
Officer
$0 $0 $0
Aram Moshayedi Vice President 2.00
Officer
$0 $0 $0
Zelenne Cardenas Treasurer 3.00
Officer
$0 $0 $0
Julia Carnahan Secretary 3.00
Officer
$0 $0 $0
Kim Welch member 2.00
Officer
$0 $0 $0
John Malpede Founding Artistic Director 35.00
$0 $0 $69,464
Ronald Walker member 2.00
Officer
$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 $357,727 $643,885 $236,432 $-286,158
2024 $750,866 $500,402 $605,532 $250,464
2023 $482,823 $371,849 $342,324 $110,974
2022 $318,631 $329,716 $231,350 $-11,085
2021 $343,850 $301,783 $242,436 $42,067
2020 $357,122 $298,263 $226,534 $58,859
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