LA PROMISE FUND (EIN 204562686) - 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

2005

Legal Domicile

Principal Officer

VERONICA MELVIN

Phone

2137454928

Tax Period

2024-07-01 to 2025-06-30

LA PROMISE FUND, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $19.8M in total revenue in fiscal year 2024. Expenses of $21.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

PREPARING LOS ANGELES STUDENTS FOR SUCCESS IN COLLEGE, CAREER AND LIFE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,387,180

Program Service Revenue $2,248,123

Investment Income $202,630

Other Revenue $500

TOTAL REVENUE $19,838,433

Expense Breakdown

Grants Paid $816,530

Salaries & Benefits $10,654,757

Fundraising Expenses $548,719

Program Expenses $16,531,461

Other Expenses $10,473,373

TOTAL EXPENSES $21,944,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,838,433	$19,518,864	+0.0%
Expenses	$21,944,660	$15,946,369	+0.4%
Net Income	$-2,106,227	$3,572,495	-1.6%

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

149

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

$859,093

Total Directors

Key Employees

$246,051

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNELL BEVERLY	CO CHAIR	8.00	Officer Director	$0	$0	$0
STEPHEN PROUGH	CO CHAIR	8.00	Officer Director	$0	$0	$0
ELIZABETH MANN	SECRETARY	8.00	Officer Director	$0	$0	$0
DEAN HALLETT	TREASURER (UNTIL MAR '25)	8.00	Officer Director	$0	$0	$0
SIMON OSBORN	CO CHAIR	8.00	Officer Director	$0	$0	$0
MEGAN CHERNIN	DIRECTOR	4.00	Director	$0	$0	$0
MELISSA STEPHENS	DIRECTOR	4.00	Director	$0	$0	$0
RUSSELL WESTBROOK	DIRECTOR	4.00	Director	$0	$0	$0
AMIT VERMA	DIRECTOR	4.00	Director	$0	$0	$0
TANESHA DUNCAN	DIRECTOR	4.00	Director	$0	$0	$0
BRIAN MCNAMEE	DIRECTOR	4.00	Director	$0	$0	$0
PAUL DEBERNIER	DIRECTOR	4.00	Director	$0	$0	$0
IVELISSE ESTRADA	DIRECTOR	4.00	Director	$0	$0	$0
PETER JAROWEY	DIRECTOR	4.00	Director	$0	$0	$0
DANIELLE VICK	DIRECTOR	8.00	Director	$0	$0	$0
KATHLEEN KENNEDY	DIRECTOR	4.00	Director	$0	$0	$0
FERNANDO FERNANDEZ	DIRECTOR	8.00	Director	$0	$0	$0
ALISON TEMPLE	DIRECTOR	4.00	Director	$0	$0	$0
JAIME UZETA	DIRECTOR	4.00	Director	$0	$0	$0
ALI POWELL	DIRECTOR	4.00	Director	$0	$0	$0
MOLLY PARK	DIRECTOR	4.00	Director	$0	$0	$0
LEO MEDINA	DIRECTOR	4.00	Director	$0	$0	$0
VANESSA ROSALES	DIRECTOR (FROM SEP '24)	4.00	Director	$0	$0	$0
VERONICA MELVIN	CEO/PRESIDENT	40.00	Officer	$278,392	$40,897	$319,289
RON FERNANDO	CFO	40.00	Officer	$113,907	$9,467	$123,374
LILIANA VASQUEZ	COO	40.00	Officer	$161,272	$21,670	$182,942
JASON MARIN	CHIEF OF SCHOOLS	40.00	Officer	$58,248	$5,490	$63,738
LESLIE AARONSON	CHIEF PROGRAMS OFFICER	40.00	Officer	$142,284	$27,466	$169,750
IBERT SCHULTZ	EXEC DIRECTOR OF BLACK COLLEGE SUCCESS	40.00	Key Emp	$217,252	$28,799	$246,051
EDGAR CAMPOS	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$114,557	$16,337	$130,894
DARLA VANCE	PRINCIPAL	40.00	Highest	$134,060	$14,881	$148,941
ZEIDY REVOLORIO	PRINCIPAL	40.00	Highest	$134,063	$10,146	$144,209
NARINE PAPAZYAN	ASSISTANT PRINCIPAL	40.00	Highest	$110,831	$10,810	$121,641
CAMIRA CARTER	SR. DIRECTOR OF PEOPLE & OPERATIONS	40.00	Highest	$111,482	$17,699	$129,181

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	$19,838,433	$21,944,660	$45,833,746	$-2,106,227
2024	$19,518,864	$15,946,369	$49,943,711	$3,572,495
2023	$13,745,998	$15,302,635	$48,218,284	$-1,556,637
2022	$15,071,176	$13,954,124	$49,429,202	$1,117,052
2021	$12,859,195	$10,774,753	$8,970,074	$2,084,442
2020	$11,950,432	$11,189,090	$7,744,642	$761,342
2019	$9,264,786	$8,557,854	$5,221,247	$706,932
2018	$8,199,923	$7,401,428	$3,847,636	$798,495

LA PROMISE FUND