LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION (EIN 954541188) - 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

1995

Legal Domicile

Principal Officer

KATHRYN SCHLOESSMAN

Phone

2132362381

Tax Period

2024-07-01 to 2025-06-30

LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION, founded in 1995, is a mid-sized nonprofit in the Recreation & Sports sector that reported $26.5M in total revenue in fiscal year 2024. Revenue surged 538% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.1M, a strong 61% operating margin.

Mission

WORK WITH THE CITY AND COUNTY OF LOS ANGELES TO BRING MAJOR SPORTING AND ENTERTAINMENT EVENTS TO L.A.

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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 $24,934,281

Program Service Revenue $999,401

Investment Income $555,212

Other Revenue $0

TOTAL REVENUE $26,488,894

Expense Breakdown

Grants Paid $6,964,674

Salaries & Benefits $2,075,032

Fundraising Expenses $425,084

Program Expenses $9,609,370

Other Expenses $1,078,683

TOTAL EXPENSES $10,369,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,488,894	$4,153,967	+5.4%
Expenses	$10,369,434	$4,968,240	+1.1%
Net Income	$16,119,460	$-814,273	-20.8%

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

155

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

$885,381

Total Directors

$564,149

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN SCHLOESSMAN	PRESIDENT AND CEO	40.00	Officer Director	$502,483	$61,666	$564,149
IRENE KLEPP	CHIEF FINANCIAL OFFICER	40.00	Officer	$305,458	$15,774	$321,232
ALLISON CITELLI	VP EVENTS & BUSINESS DEVELOPMENT	40.00	Highest	$254,010	$23,522	$277,532
JASON KRUTZSCH	VP MARKETING, CONTENT & COMMUNICATIONS	40.00	Highest	$247,460	$41,582	$289,042
SAMONA CALDWELL	DIRECTOR, BUSINESS CONNECT	40.00	Highest	$156,461	$9,655	$166,116
ALANA HUTCHINSON	DIRECTOR, EVENT OPERATIONS	40.00	Highest	$151,575	$16,196	$167,771
KATHERINE ABEDI	DIRECTOR, ACCOUNTING	40.00	Highest	$151,121	$20,832	$171,953
BOB GRAZIANO	CHAIR	2.00	Officer Director	$0	$0	$0
CARL SCHUSTER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES RISHWAIN JR	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL MILLER	TREASURER	2.00	Officer Director	$0	$0	$0
BRANDEN CHAPMAN	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG LEVRA	DIRECTOR	2.00	Director	$0	$0	$0
DAVID RONE	DIRECTOR	2.00	Director	$0	$0	$0
JEANIE BUSS	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY GLASSMAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BARRETT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN BENDHEIM	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN KUNKEL	DIRECTOR	2.00	Director	$0	$0	$0
KIM BREWER	DIRECTOR	2.00	Director	$0	$0	$0
RENATA SIMRIL	DIRECTOR	2.00	Director	$0	$0	$0
RON COHEN	DIRECTOR	2.00	Director	$0	$0	$0
SABRINA KAY	DIRECTOR	2.00	Director	$0	$0	$0
TERRY FEIT	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS TELLEFSEN	DIRECTOR	2.00	Director	$0	$0	$0
GREG ASHLOCK	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
JAMES ELLIS	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
JEFF SHELL	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
JEFF SIGMEN	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
KEVIN DEMOFF	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
KEVIN TSUJIHARA	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
KYLE MABRY	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
LARRY GREEN	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
MICHAEL FINLEY	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
MICHAEL PERSSON	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
MICHAEL YAMAKI	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
PATRICK COSTELLO	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
SUSAN HIRSCH WOHL	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
TODD WILSON	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
VICTOR COLEMAN	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
AG SPANOS	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
ALAN ROTHENBERG	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
ANGELA ZEPEDA	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
BILL HANWAY	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
BILL MORROW	DIRECTOR - END 12/31/24	2.00	Director	$0	$0	$0
BLANCA GONZALEZ	DIRECTOR - END 12/31/24	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	$26,488,894	$10,369,434	$35,755,165	$16,119,460
2024	$4,153,967	$4,968,240	$14,314,670	$-814,273
2023	$22,359,273	$23,765,136	$14,801,870	$-1,405,863
2022	$32,023,702	$26,808,374	$16,989,455	$5,215,328
2021	$11,679,905	$4,427,244	$11,290,407	$7,252,661
2020	$4,475,657	$2,978,422	$3,206,128	$1,497,235
2019	$3,170,145	$3,256,070	$1,959,094	$-85,925
2018	$2,079,986	$2,103,542	$2,125,599	$-23,556

LOS ANGELES SPORTS & ENTERTAINMENT COMMISSION