LASPAU INC

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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

1964

Legal Domicile

Principal Officer

ANGELICA NATERA

Phone

6173120924

Tax Period

2023-01-01 to 2023-10-31

LASPAU INC, founded in 1964, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $7.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

LASPAU CONNECTS INDIVIDUALS AND INSTITUTIONS WITH OPPORTUNITIES TO ENHANCE THE QUALITY AND IMPACT OF HIGHER EDUCATION IN THE AMERICAS. WE SEE OUR WORK AS CRITICAL FOR FOSTERING KNOWLEDGE-BASED, INCLUSIVE SOCIETIES THROUGHOUT THE AMERICAS.

Program Service Accomplishments

Program 1

Expenses: $6,352,320 Revenue: $2,194,292

SCHOLARSHIP PROGRAMS FOR STUDENTS FROM AROUND CENTRAL AND SOUTH AMERICA AND THE CARIBBEAN TO STUDY OUTSIDE THEIR HOME COUNTRY. INCLUDES BUT IS NOT LIMITED TO THE FULBRIGHT PROGRAM, WHICH PROVIDES...

SCHOLARSHIP PROGRAMS FOR STUDENTS FROM AROUND CENTRAL AND SOUTH AMERICA AND THE CARIBBEAN TO STUDY OUTSIDE THEIR HOME COUNTRY. INCLUDES BUT IS NOT LIMITED TO THE FULBRIGHT PROGRAM, WHICH PROVIDES GRANTS FOR INDIVIDUAL GRADUATE STUDY IN THE UNITED STATES.

Program 2

Expenses: $237,806 Revenue: $82,146

UNIVERSITY INNOVATION PROGRAMS THAT FOCUS ON IMPROVING THE QUALITY OF HIGHER EDUCATION INSTITUTIONS THROUGH INNOVATION IN LEADERSHIP & GOVERNANCE, TEACHING & LEARNING, AND QUALITY ASSURANCE. THESE...

UNIVERSITY INNOVATION PROGRAMS THAT FOCUS ON IMPROVING THE QUALITY OF HIGHER EDUCATION INSTITUTIONS THROUGH INNOVATION IN LEADERSHIP & GOVERNANCE, TEACHING & LEARNING, AND QUALITY ASSURANCE. THESE PROGRAMS STRENGTHEN THE CAPACITY OF UNIVERSITIES AND HIGHER EDUCATION SYSTEMS TO FULFILL THEIR MISSIONS AND INCREASE THEIR RELEVANCE WITHIN SOCIETY.

Program 3

Expenses: $149,524 Revenue: $51,650

PAEP TESTING PROGRAM, A STANDARDIZED, SPANISH-LANGUAGE EXAM DESIGNED FOR THE ASSESSMENT OF GRADUATE PROGRAM CANDIDATES.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,449,429

Program Service Revenue $1,908,087

Investment Income $211,699

Other Revenue $420,001

TOTAL REVENUE $6,989,216

Expense Breakdown

Grants Paid $4,449,429

Salaries & Benefits $1,819,408

Fundraising Expenses $0

Program Expenses $6,739,650

Other Expenses $1,524,554

TOTAL EXPENSES $7,793,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,989,216	$9,015,750	-0.2%
Expenses	$7,793,391	$9,418,399	-0.2%
Net Income	$-804,175	$-402,649	+1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$798,993

Total Directors

$484,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELICA NATERA	CLERK (AS OF 7/23), EX-OFFICIO, ED	35.00	Officer Director	$457,820	$26,946	$484,766
CHRISTINE NELSON	CHAIR	1.00	Officer Director	$0	$0	$0
LUIS ENRIQUE GARCIA DE BRIGARD	VICE CHAIR (UNTIL 7/12/23)	1.00	Officer Director	$0	$0	$0
RODRIGO VERDI	TREASURER	1.00	Officer Director	$0	$0	$0
FLORIAN BARTUNEK	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
PATRICIA GARCIA	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
MARGOT GILL	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
PABLO JARAMILLO	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
LYGIA PEREIRA	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
FERNANDO QUEZADA	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
REYES TAMEZ	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
CAROLINA TOHA	TRUSTEE (UNTIL 7/12/23)	1.00	Director	$0	$0	$0
RICHARD BERNAL	TRUSTEE (UNTIL 1/4/2023)	1.00	Director	$0	$0	$0
GABRIELA SOTO LAVEAGA	TRUSTEE (UNTIL 7/12/2023)	1.00	Director	$0	$0	$0
EUGENIA GARDUNO	DEPUTY DIRECTOR	35.00	Officer	$193,930	$10,576	$204,506
CHERYL EAGAN-DONOVAN	ASSOCIATE DIRECTOR OF FINANCE	35.00	Officer	$109,721	$0	$109,721
ELLEN KRANZER	MANAGER OF COMPUTER OPS	35.00	Highest	$432,191	$17,404	$449,595
LISA TAPIERO	INTERNATIONAL EDUCATOR	35.00	Highest	$354,740	$25,735	$380,475

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	$6,989,216	$7,793,391	No data	$-804,175
2022	$9,015,750	$9,418,399	$9,089,031	$-402,649
2021	$9,862,515	$10,084,497	$9,172,350	$-221,982
2020	$10,899,522	$10,093,096	$10,323,130	$806,426
2019	$12,217,359	$11,854,018	$10,893,587	$363,341
2018	$15,500,069	$16,061,161	$12,251,926	$-561,092