Los Angeles Art Association (EIN 956072782) - Form 990 Financial Analysis & Trantor Score

🔒

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

1925

Legal Domicile

Principal Officer

Peter Mays

Phone

3106528272

Tax Period

2023-01-01 to 2023-12-31

Los Angeles Art Association, founded in 1925, is a small nonprofit in the Arts, Culture & Humanities sector that reported $442K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

Provide opportunities, resources, services, and exhibition venues for Los Angeles artists, with emphasis on emerging talent.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $229,591

Program Service Revenue $212,588

Investment Income $4

Other Revenue $0

TOTAL REVENUE $442,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,485

Fundraising Expenses $6,900

Program Expenses $244,199

Other Expenses $337,084

TOTAL EXPENSES $447,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,183	$662,360	-0.3%
Expenses	$447,569	$622,369	-0.3%
Net Income	$-5,386	$39,991	-1.1%

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

Volunteers

150

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

Total Directors

$92,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Mays	Executive Dir.	40.00	Director	$84,000	$8,800	$92,800
Midge Lynn	President	5.00	Officer Director	$0	$0	$0
Brad Howe	Director	5.00	Officer Director	$0	$0	$0
Laura Beatty	Secretary	5.00	Officer Director	$0	$0	$0
Lonnie Lardner	Director	5.00	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	No data	No data	No data	No data
2023	$442,183	$447,569	$201,346	$-5,386
2022	$662,360	$622,369	$206,732	$39,991
2021	$416,382	$400,038	$168,451	$16,344
2020	$351,701	$362,270	$183,759	$-10,569
2019	$426,023	$442,985	$122,747	$-16,962
2018	$442,056	$437,072	$135,229	$4,984

Los Angeles Art Association