FIGUEROA CORRIDOR PARTNERSHIP INC

EIN: 954656045 Community Improvement

LOS ANGELES, CA

Total Revenue
$1,813,626
Total Expenses
$1,751,054
Total Assets
$283,958
Net Assets
$153,656
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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
1997
Legal Domicile
CA
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

RESPONSIBLE FOR THE DAILY MAMAGEMENT AND PROMOTION OF THE FIGUEROA/FLOWER/VERMONT CORRIDOR.

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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%)

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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
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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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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
17

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
5
$196,002
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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