EAGLE ROCK COMMUNITY CULTURAL ASSOCIATION

EIN: 954689576 501(c)(3) Recreation & Sports

LOS ANGELES, CA

Total Revenue
$426,841
Total Expenses
$307,492
Total Assets
$343,938
Net Assets
$338,147
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
MELINDA ANN FARRELL
Phone
3235613044
Tax Period
2022-07-01 to 2023-06-30

EAGLE ROCK COMMUNITY CULTURAL ASSOCIATION, founded in 1998, is a small nonprofit in the Recreation & Sports sector that reported $427K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $119K, a strong 28% operating margin.

Mission

THE EAGLE ROCK COMMUNITY CULTURAL ASSOCIATION DBA CENTER FOR THE ARTS EAGLE ROCK (CFAER)HAS SERVED ITS NORTHEAST LOS ANGELES COMMUNITY SINCE 1998 BY PROVIDING INCLUSIVE, EQUITABLE FREE AND EXTREMELY LOW-COST ARTS PROGRAMS AND ARTS EDUCATION FOR CHILDREN, YOUTH, ADULTS AND SENIORS OF ALL ABILITIES AND IDENTITIES. OUR PROGRAMS ARE PRESENTED AT AN HISTORIC FORMER CARNEGIE LIBRARY BUILDING, ONLINE AND THROUGHOUT THE NORTHEAST LOS ANGELES TO CONNECT MULTIGENERATIONAL AUDIENCES WITH GIFTED LOCAL TEACHING ARTISTS TO CREATE A CULTURE OF CREATIVITY, WELLNESS AND COMMUNITY THROUGH THE ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $306,197
Program Service Revenue $120,635
Investment Income $9
Other Revenue $0
TOTAL REVENUE $426,841

Expense Breakdown

Grants Paid $0
Salaries & Benefits $212,707
Fundraising Expenses $15,956
Program Expenses $218,239
Other Expenses $94,785
TOTAL EXPENSES $307,492

Year-over-Year Comparison

2022 2021 Change
Revenue $426,841 $393,544 +0.1%
Expenses $307,492 $359,866 -0.1%
Net Income $119,349 $33,678 +2.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
11
Volunteers
57

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
4
$106,627
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS DAWSON TREASURER 1.50
Officer Director
$0 $0 $0
LINDA LYKE SECRETARY 1.50
Officer Director
$0 $0 $0
JOE FORTE ADVISOR TO THE BOARD 1.50
Director
$0 $0 $0
ELIZABETH AFFUSO DIRECTOR 0.50
Director
$0 $0 $0
MARY SHERWOOD BROCK DIRECTOR 1.50
Director
$0 $0 $0
LINDA JOHNSTONE-ALLEN DIRECTOR 1.50
Director
$0 $0 $0
GATSBY CORAM CHAIR 1.50
Officer Director
$0 $0 $0
MELINDA ANN FARRELL EXECUTIVE DIRECTOR 40.00
Officer
$93,636 $12,991 $106,627
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
2023 $426,841 $307,492 $343,938 $119,349
2022 $393,544 $359,866 $267,396 $33,678
2021 $337,893 $360,354 $289,462 $-22,461
2020 $438,306 $428,408 $301,642 $9,898
2019 $601,497 $609,919 $244,295 $-8,422
2018 $580,700 $584,133 $252,485 $-3,433
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