LAGUARDIA EDUCATION FUND INC

EIN: 112644089 501(c)(3) Education

LONG ISLAND CITY, NY

Total Revenue
$226,241
Total Expenses
$213,527
Total Assets
$1,859,760
Net Assets
$1,854,361
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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
NY
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. THE EDUCATION FUND ORGANIZES AND MANAGES VARIOUS PROGRAMS DESIGNED TO SUPPLEMENT THE COLLEGE COURSES.

Program Service Accomplishments

Program 1
Expenses: $185,038 Revenue: $158,435

LAGUARDIA EDUCATION FUND, INC. SUPPORTS LAGUARDIA COMMUNITY COLLEGE IN THE PURSUIT OF EDUCATION EXCELLENCE AND QUALITY SERVICE TO ITS STUDENT COMMUNITY THROUGH THE IMPLEMENTATION OF VARIOUS...

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LAGUARDIA EDUCATION FUND, INC. SUPPORTS LAGUARDIA COMMUNITY COLLEGE IN THE PURSUIT OF EDUCATION EXCELLENCE AND QUALITY SERVICE TO ITS STUDENT COMMUNITY THROUGH THE IMPLEMENTATION OF VARIOUS EDUCATIONAL PROGRAMS.

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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 (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

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Governance

Voting Members
9
Independent Members
9
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
5
$711,995
Total Directors
9
$711,995
Key Employees
0
$0
Highest Compensated
0
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
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