LAS CORTES INC (EIN 204574636) - 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

Vincent Stewart

Phone

8053858235

Tax Period

2023-07-01 to 2024-06-30

LAS CORTES INC, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 56% operating margin.

Mission

TO PROVIDE QUALITY AFFORDABLE HOUSING IN OXNARD AND SUPPORT SOCIAL SERVICES TO EMPOWER RESIDENTS

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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 $0

Program Service Revenue $44,160

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $19,489

TOTAL EXPENSES $19,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,160	$56,406	-0.2%
Expenses	$19,489	$18,205	+0.1%
Net Income	$24,671	$38,201	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT STEWART	SECRETARY, ACTING PRESIDENT	1	Officer Director	$0	$0	$0
CARMEN CANO	TREASURER	1	Officer Director	$0	$0	$0
BRYAN A MACDONALD	DIRECTOR	1	Director	$0	$0	$0
OSCAR BERMUDEZ	DIRECTOR	1	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	$44,160	$19,489	$1,207,452	$24,671
2023	$56,406	$18,205	$1,185,841	$38,201
2022	$43,799	$23,122	$1,151,974	$20,677
2021	$37,295	$47,687	$1,121,245	$-10,392
2019	$88,804	$26,063	$861,201	$62,741

LAS CORTES INC