LAGUARDIA EDUCATION FUND INC (EIN 112644089) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

NANCY PALMA

Phone

7184285514

Tax Period

2023-07-01 to 2024-06-30

LAGUARDIA EDUCATION FUND INC, founded in 1983, is a small nonprofit in the Education sector that reported $226K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $214K left a modest 6% surplus.

Mission

THE LAGUARDIA EDUCATION FUND, INC. WAS ORGANIZED TO ADMINISTER PRIVATE FOUNDATION GRANTS AND CONTRIBUTIONS FOR THE BENEFIT OF THE STUDENTS OF LAGUARDIA COMMUNITY COLLEGE. THIS IS ACCOMPLISHED PRIMARILY BY ORGANIZING AND MANAGING VARIOUS CAREER-ORIENTED PROGRAM SERVICES DESIGNED TO SUPPLEMENT THE COLLEGE COURSES.

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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 $23,685

Program Service Revenue $158,435

Investment Income $44,121

Other Revenue $0

TOTAL REVENUE $226,241

Expense Breakdown

Grants Paid $400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,038

Other Expenses $213,127

TOTAL EXPENSES $213,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,241	$349,160	-0.4%
Expenses	$213,527	$218,445	0.0%
Net Income	$12,714	$130,715	-0.9%

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

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

$711,995

Total Directors

$711,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAHIR ERFAN	DIRECTOR	1.00	Officer Director	$0	$0	$183,452
JOHN FLETCHER	MEMBER	1.00	Director	$0	$0	$0
CAROLINA LENES ARREOLA	MEMBER	1.00	Director	$0	$0	$0
JACLYN VALANE	MEMBER	1.00	Director	$0	$0	$0
NANCY PALMA	TREASURER	1.00	Officer Director	$0	$0	$133,082
KENNETH ADAMS	CHAIR	1.00	Officer Director	$0	$0	$0
BILLIE GASTIC	DIRECTOR	1.00	Officer Director	$0	$0	$219,267
JAY GOLAN	DIRECTOR	1.00	Officer Director	$0	$0	$176,194
KIM TRAMONTOZZI	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$226,241	$213,527	$1,859,760	$12,714
2023	$349,160	$218,445	$1,802,318	$130,715
2022	$265,929	$527,032	$1,632,483	$-261,103
2021	$326,575	$406,359	$2,011,417	$-79,784
2020	$488,920	$528,333	$1,888,338	$-39,413
2019	$1,081,691	$1,401,086	$1,939,796	$-319,395

LAGUARDIA EDUCATION FUND INC