LATINO SCHOLARSHIP FUND INC

EIN: 061425236 501(c)(3) Education

DANBURY, CT

Total Revenue
$27,639
Total Expenses
$19,919
Total Assets
$58,977
Net Assets
$58,977
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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
1994
Legal Domicile
CT
Principal Officer
PAUL STEINMETZ
Phone
2038379805
Tax Period
2021-01-01 to 2021-12-31

LATINO SCHOLARSHIP FUND INC, founded in 1994, is a micro nonprofit in the Education sector that reported $28K in total revenue in fiscal year 2021. The organization ran a surplus of $8K, a strong 28% operating margin.

Mission

THE LATINO SCHOLARSHIP FUND SEEKS TO ADVANCE THE EDUCATION AND CAREER OPPORTUNITIES OF LATINO STUDENTS IN THE GREATER DANBURY AREA BY PROVIDING FINANCIAL ASSISTANCE FOR HIGHER EDUCATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $27,639
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,639

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $0
Fundraising Expenses $2,868
Program Expenses $17,051
Other Expenses $3,051
TOTAL EXPENSES $19,919

Year-over-Year Comparison

2021 2020 Change
Revenue $27,639 N/A N/A
Expenses $19,919 N/A N/A
Net Income $7,720 $0 N/A
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
13
Independent Members
13
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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN ROACH DIRECTOR 1.00
Director
$0 $0 $0
PERRY SALVAGNE DIRECTOR 1.00
Director
$0 $0 $0
CRISTINA SAAM DIRECTOR 1.00
Director
$0 $0 $0
LORENA CEBALLOS DIRECTOR 1.00
Director
$0 $0 $0
MARIA XAVIER DIRECTOR 1.00
Director
$0 $0 $0
LISA RIVAS CHAIR 1.00
Director
$0 $0 $0
ABIGAIL KOPP CHAIR 1.00
Director
$0 $0 $0
ALLISON SOLIS PRESIDENT 10.00
Officer
$0 $0 $0
YASMIN ORTIZ VICE PRESIDENT 5.00
Officer
$0 $0 $0
PAUL STEINMETZ TREASURER 5.00
Officer
$0 $0 $0
JESSICA CORONEL CO-TREASURER 5.00
Officer
$0 $0 $0
YADIRY RODRIGUEZ EXECUTIVE SECRETARY 10.00
Officer
$0 $0 $0
JOSE DIAZ DIRECTOR 1.00
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
2021 $27,639 $19,919 $58,977 $7,720
2019 $31,619 $30,200 $42,762 $1,419
2018 $24,966 $33,505 $53,710 $-8,539
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