GLENDALE ARTS

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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

1992

Legal Domicile

Principal Officer

Nina Crowe

Phone

8182432611

Tax Period

2024-07-01 to 2025-06-30

GLENDALE ARTS, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $199K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $405K exceeded revenue, resulting in a 104% operating deficit.

Mission

GLENDALE ARTS GENERATES OPPORTUNITIES THROUGHOUT GREATER LOS ANGELES TO SHOWCASE, PROMOTE, ENCOURAGE AND ENGAGE WITH THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $138,596

Glendale Arts generates opportunities throughout greater Los Angeles to showcase, promote, encourage, and engage with the arts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $69,074

Program Service Revenue $113,412

Investment Income $16,548

Other Revenue $0

TOTAL REVENUE $199,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,040

Fundraising Expenses $0

Program Expenses $138,596

Other Expenses $198,243

TOTAL EXPENSES $405,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$199,034	$224,781	-0.1%
Expenses	$405,283	$387,590	+0.0%
Net Income	$-206,249	$-162,809	+0.3%

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

$89,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nina Crowe	CEO	40.00	Officer	$89,804	$0	$89,804
Sheldon Peregrino	Board Member	1.00	Director	$0	$0	$0
Michele DiNardo	Board Member	1.00	Director	$0	$0	$0
Miryam Fineklberg	Board Member	1.00	Director	$0	$0	$0
Susan Petoyan	Board Member	1.00	Director	$0	$0	$0
Robert Gordon	Board Member	1.00	Director	$0	$0	$0
Marcellina DeSousa	Chairman	2.00	Officer	$0	$0	$0
Artin Ahounber	Treasurer	2.00	Officer	$0	$0	$0
Lilit Harutyunyan	Current Chair	1.00	Officer	$0	$0	$0
Vic Pallos	Secretary	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	$199,034	$405,283	$226,078	$-206,249
2024	$224,781	$387,590	$440,681	$-162,809
2023	$225,674	$381,877	$657,992	$-156,203
2022	$1,801,855	$861,243	$820,294	$940,612
2021	$826,263	$1,212,440	$411,649	$-386,177
2020	$1,650,941	$2,075,848	$362,752	$-424,907
2019	$2,305,914	$2,419,945	$457,615	$-114,031
2018	$2,205,260	$2,294,172	$570,732	$-88,912