MONTEREY INTERNATIONAL POP FESTIVA… - Form 990 Financial Data

🔒

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

1967

Legal Domicile

Principal Officer

LOU ADLER

Phone

3105531707

Tax Period

2023-01-01 to 2023-12-31

MONTEREY INTERNATIONAL POP FESTIVAL INC, founded in 1967, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Net assets of $293K represent 75 months of operating reserves.

Mission

TO COLLECT & RECEIVE CONTRIBUTIONS. TO DISPOSE OF FUNDS EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, ARTISTIC OR EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $11,200 Revenue: $0

SUPPORT CHARITABLE ORGANIZATIONS IMPROVING EDUCATIONS AND SOCIAL CAUSES THAT IMPROVE LIVES OF PEOPLE.

Program 2

Expenses: $21,028 Revenue: $0

SUPPORT CHARITABLE ORGANIZATIONS HELPING CHILDREN WITH SERIOUS MEDICAL CONDITIONS AND IMPROVING LIFE AFFECTED BY DISEASES.

Program 3

Expenses: $14,500 Revenue: $0

SUPPORT CHARITABLE ORGANIZATIONS PROVIDING MUSIC AND ART TO UNDERSERVED PUBLIC SCHOOL CHILDREN AND PREVIOUSLY INCARCERATED MEN AND WOMEN.

🔒

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 $1,100

Program Service Revenue $0

Investment Income $4,846

Other Revenue $40,908

TOTAL REVENUE $46,854

Expense Breakdown

Grants Paid $46,728

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,728

Other Expenses $2,502

TOTAL EXPENSES $49,230

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,854	$145,084	-0.7%
Expenses	$49,230	$78,808	-0.4%
Net Income	$-2,376	$66,276	-1.0%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOU ADLER	PRES/SEC	0.10	Officer	$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	$46,854	$49,230	$293,072	$-2,376
2022	$145,084	$78,808	$295,448	$66,276
2021	$125,796	$59,947	$229,172	$65,849
2020	$48,436	$65,168	$163,298	$-16,732
2019	$9,554	$62,859	$180,030	$-53,305
2018	$13,162	$121,918	$233,335	$-108,756

MONTEREY INTERNATIONAL POP FESTIVAL INC