FIGUEROA CORRIDOR PARTNERSHIP INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

2137469577

Tax Period

2024-01-01 to 2024-12-31

FIGUEROA CORRIDOR PARTNERSHIP INC, founded in 1997, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 3% surplus.

Mission

THE FIGUEROA CORRIDOR PARTNERSHIP IS RESPONSIBLE FOR THE DAILY MANAGEMENT AND PROMOTION OF THE FIGUEROA/FLOWER/VERMONT CORRIDOR, LINKING DOWNTOWN LOS ANGELES TO EXPOSITION PARK. THE PARTNERSHIP IS COMMITTED TO THE AREA'S DEVELOPMENT AS A SAFE, CLEAN, ECONOMICALLY VIBRANT, AND AESTHETICALLY PLEASING ENVIRONMENT IN WHICH TO CONDUCT BUSINESS, CONTINUE AN EDUCATION, VISIT A MUSEUM, ATTEND A SPORTING EVENT, WORSHIP, OR RESIDE.

Program Service Accomplishments

Program 1

Expenses: $1,588,853

THE PARTNERSHIP IS A NON-PROFIT BUSINESS IMPROVEMENT DISTRICT (BID). BID AREA PROPERTY OWNERS AGREE TO AN ASSESSMENT PLAN UNDER WHICH THEY PAY ADDITIONAL ASSESSED AMOUNTS WITH THEIR PROPERTY TAX TO PAY FOR MAINTENANCE, SECURITY, AND MARKETING SERVICES ABOVE THOSE PROVIDED BY THE CITY. THE ORGANIZATION OPERATES A CLEAN TEAM TO REMOVE TRASH AND GRAFITI, A SAFETY AMBASSADOR CREW HELPS DETER CRIME, AND A MARKETING FIRM PROVIDES PUBLICITY TO THE AREA THROUGH A QUARTERLY NEWSLETTER AND MEDIA OUTREACH. THE COLLECTIVE POWER OF BRINGING TOGETHER ALL BUSINESSES, NON-PROFIT INSTITUTIONS, AND SERVICE ORGANIZATIONS HAS HELPED THE DISTRICT WORK VERY EFFECTIVELY WITH LOCAL GOVERNMENT ORGANIZATIONS AND BRING INNOVATIVE STREETSCAPE, BEAUTIFICATION, AND CULTURAL AMENITIES TO THE AREA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $85,552

Program Service Revenue $1,700,189

Investment Income $27,885

Other Revenue $0

TOTAL REVENUE $1,813,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,002

Fundraising Expenses $0

Program Expenses $1,588,853

Other Expenses $1,555,052

TOTAL EXPENSES $1,751,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,813,626	$1,712,110	+0.1%
Expenses	$1,751,054	$1,604,556	+0.1%
Net Income	$62,572	$107,554	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$196,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GIBSON	Executive Dir.	1.00	Officer	$196,002	$0	$196,002
IRENE RODRIGUEZ	Chairman	1.00	Officer Director	$0	$0	$0
MELINDA RAMOS-ALATORRE	Vice-Chair	1.00	Officer Director	$0	$0	$0
DARRYL HOLTER	Secretary	1.00	Officer Director	$0	$0	$0
ASHLEY SAMUELSON	Treasurer	1.00	Officer Director	$0	$0	$0
FRED YADEGAR	Director	1.00	Director	$0	$0	$0
FATHER GARY MUELLER	Director	1.00	Director	$0	$0	$0
COURTNEY GREAUX	Director	0.00	Director	$0	$0	$0
JASON SWEENEY	Director	1.00	Director	$0	$0	$0
NEAL GOLDMAN	Director	1.00	Director	$0	$0	$0
MONIQUE HUDSON	Director	1.00	Director	$0	$0	$0
NICK DUBIEL	Director	0.00	Director	$0	$0	$0
BRAD MUGG	Director	1.00	Director	$0	$0	$0
ROGER CHAMMAS	Director	1.00	Director	$0	$0	$0
JULIUS MONGE	Director	1.00	Director	$0	$0	$0
JORGE REYNOSO	Director	1.00	Director	$0	$0	$0
DEBBIE REAMS	Director	1.00	Director	$0	$0	$0
MYESHA WARD	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	$1,813,626	$1,751,054	$283,958	$62,572
2023	$1,712,110	$1,604,556	$214,755	$107,554
2022	$1,626,387	$1,608,939	$104,787	$17,448
2021	$1,577,063	$1,626,660	$99,001	$-49,597
2020	$1,553,496	$1,532,181	$120,997	$21,315
2019	$1,524,245	$1,650,337	$231,982	$-126,092
2018	$1,513,002	$1,470,455	$220,569	$42,547