OLD PASADENA MANAGEMENT DISTRICT

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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

STEVE MULHEIM

Phone

6263569725

Tax Period

2023-01-01 to 2023-12-31

OLD PASADENA MANAGEMENT DISTRICT, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

OLD PASADENA MANAGEMENT DISTRICT CREATIVELY PLANS, MANAGES AND DEVELOPS OLD PASADENA, CA AS A UNIQUE, AUTHENTIC AND VIBRANT DOWNTOWN EXPERIENCE.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES SERVICES TO ENHANCE THE OLD PASADENA DISTRICT, INCLUDING SECURITY AND AMBASSADOR GUIDES, CLEANING AND STREET MAINTENANCE, EVENT MANAGEMENT, AND PUBLICITY AND MARKETING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,413,392

Investment Income $3,353

Other Revenue $0

TOTAL REVENUE $2,416,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $643,721

Fundraising Expenses $0

Other Expenses $1,793,532

TOTAL EXPENSES $2,437,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,416,745	$2,322,989	+0.0%
Expenses	$2,437,253	$2,155,116	+0.1%
Net Income	$-20,508	$167,873	-1.1%

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

$194,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN BUCHANAN	CHAIR	3.00	Officer Director	$0	$0	$0
KURT BIERSCHENK	CHAIR-ELECT	3.00	Officer Director	$0	$0	$0
STEVE STATHATOS	PAST-CHAIR	3.00	Officer Director	$0	$0	$0
PENNY PLOTKIN	SECRETARY / TREASURER	3.00	Officer Director	$0	$0	$0
CARL FORD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
TERESA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
STACY GEWECKE	DIRECTOR	1.00	Director	$0	$0	$0
PANOS HAITAYAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KALB	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA KING	DIRECTOR	1.00	Director	$0	$0	$0
MIA KAZADIEGO	DIRECTOR	1.00	Director	$0	$0	$0
MIA MAZADIEGO	DIRECTOR	1.00	Director	$0	$0	$0
HANNA WOOD MCCONAGHY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MULHEIM	PRESIDENT & CEO	40.00	Officer	$194,000	$0	$194,000

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	No data	No data	No data	No data
2023	$2,416,745	$2,437,253	$3,221,195	$-20,508
2018	$2,117,000	$1,909,553	$2,613,689	$207,447