VENICE ARTS (EIN 954427386) - 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

1993

Legal Domicile

Principal Officer

JAIME ZAVALA

Phone

3103920846

Tax Period

2024-01-01 to 2024-12-31

VENICE ARTS, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024.

Mission

Venice Arts' mission is to ignite, expand, and transform the lives of LosAngeles' low-income youth through photography and film education, and touse our participatory storytelling practices to amplify the voices ofunderrepresented communities around the world. We do this by buildingcreative equity for low-income youth through media arts education, collegesuccess, and creative career pathway programs where we put creativity atthe center of youth development. Our programs build skills, knowledge, andself-efficacy, while maximizing our participants' ability to find theresiliency necessary to thrive, even in the face of challenges.Venice Arts has been honored as an exemplary organization for its work by local, county and state governments.

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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 $1,221,666

Program Service Revenue $341,049

Investment Income $46,711

Other Revenue $37,944

TOTAL REVENUE $1,647,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,667

Fundraising Expenses $138,858

Program Expenses $1,310,240

Other Expenses $784,860

TOTAL EXPENSES $1,729,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,647,370	$1,594,218	+0.0%
Expenses	$1,729,527	$1,554,620	+0.1%
Net Income	$-82,157	$39,598	-3.1%

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

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

$58,402

Total Directors

$171,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN WARSHAFSKY	Founding Direct	40.00	Director	$112,808	$0	$112,808
JAIME ZAVALA	Executive Dir.	40.00	Officer Director	$58,402	$0	$58,402
MICHAEL CANNONE	Treasurer	2.00	Officer Director	$0	$0	$0
STEVEN ORITT	Vice President	2.00	Director	$0	$0	$0
RUTH SEROUSSI ESQ	President	4.00	Officer Director	$0	$0	$0
KAVI FULENA	Director	1.00	Director	$0	$0	$0
J-T LADT	Director	1.00	Director	$0	$0	$0
JOHN NGUYEN	Director	1.00	Director	$0	$0	$0
MATT OGENS	Director	1.00	Director	$0	$0	$0
BRANDON WILLIAMS	Director	1.00	Director	$0	$0	$0
CLAUDIA BARTLETT	Director	1.00	Director	$0	$0	$0
MOZE COPWER	Director	1.00	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
2024	$1,647,370	$1,729,527	$1,449,640	$-82,157
2023	$1,594,218	$1,554,620	$1,987,919	$39,598
2022	$1,692,429	$1,258,167	$1,761,680	$434,262
2021	$1,023,185	$954,864	$998,449	$68,321
2020	$878,834	$831,835	$891,072	$46,999
2019	$913,545	$905,621	$597,135	$7,924
2018	$868,022	$917,675	$571,506	$-49,653

VENICE ARTS