LOS ANGELES MUSIC AND ART SCHOOL

EIN: 956001948 501(c)(3)

LOS ANGELES, CA

Total Revenue
$1,282,179
Total Expenses
$1,088,308
Total Assets
$4,149,444
Net Assets
$4,099,870
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
CA
Phone
3232627734
Tax Period
2024-08-01 to 2025-07-31

LOS ANGELES MUSIC AND ART SCHOOL, founded in 1945, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $194K, a strong 15% operating margin.

Mission

TO PROVIDE EQUAL ACCESS TO AFFORDABLE ARTS EDUCATION FOR ALL CHILDREN AND YOUNG ADULTS, REGARDLESS OF THEIR ECONOMIC CONDITION, AGE, ARTISTIC ABILITY, OR ETHNIC ORIGIN.

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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 $638,250
Program Service Revenue $420,577
Investment Income $142,930
Other Revenue $80,422
TOTAL REVENUE $1,282,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $735,904
Fundraising Expenses $55,405
Program Expenses $927,774
Other Expenses $352,404
TOTAL EXPENSES $1,088,308

Year-over-Year Comparison

2024 2023 Change
Revenue $1,282,179 $1,413,503 -0.1%
Expenses $1,088,308 $974,830 +0.1%
Net Income $193,871 $438,673 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
61
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAHNEE FREDA EXECUTIVE DIRECTOR - FORMER 40.00
Highest
$91,000 $0 $91,000
ANGELA SANON EMPLOYEE 32.00
Highest
$47,107 $0 $47,107
POOJA NAIR MEMBER 1.00
Director
$0 $0 $0
TATANIA MINGUET MEMBER 1.00
Director
$0 $0 $0
MICHELLE VOETBERG MEMBER 1.00
Director
$0 $0 $0
DAISY SALAS MEMBER 1.00
Director
$0 $0 $0
CYNTHIA PEARSON PRESIDENT 1.00
Officer Director
$0 $0 $0
JANE CASTRUCCIO SECRETARY 1.00
Officer Director
$0 $0 $0
JASMINE AKO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NANCY AMBROSSI TREASURER 1.00
Officer Director
$0 $0 $0
MANUEL PRIETO EXECUTIVE DIRECTOR - ACTING 20.00
Highest
$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 $1,282,179 $1,088,308 $4,149,444 $193,871
2024 $1,413,503 $974,830 $3,934,613 $438,673
2023 $1,358,718 $967,749 $3,545,274 $390,969
2022 $1,573,320 $1,132,599 $3,132,724 $440,721
2021 $963,465 $749,213 $2,908,669 $214,252
2020 $781,529 $717,017 $2,612,481 $64,512
2019 $832,717 $757,949 $2,468,710 $74,768
2018 $680,036 $664,220 $2,487,274 $15,816
2018 $680,036 $664,220 $2,487,274 $15,816
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