LOCAL FIRST EDUCATIONAL FOUNDATION (EIN 204696543) - 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

2006

Legal Domicile

Principal Officer

CARLOS MARTINEZ

Phone

6168083788

Tax Period

2024-01-01 to 2024-12-31

LOCAL FIRST EDUCATIONAL FOUNDATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $973K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $879K left a modest 10% surplus.

Mission

TO PROVIDE BUSINESS EDUCATION TO LOCAL BUSINESSES

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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 $946,661

Program Service Revenue $31,870

Investment Income $0

Other Revenue $-5,767

TOTAL REVENUE $972,764

Expense Breakdown

Grants Paid $63,331

Salaries & Benefits $0

Fundraising Expenses $121,923

Program Expenses $512,636

Other Expenses $816,137

TOTAL EXPENSES $879,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$972,764	$506,027	+0.9%
Expenses	$879,468	$657,928	+0.3%
Net Income	$93,296	$-151,901	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY KARAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SAMUEL SEDLECKY	TREASURER	1.00	Officer Director	$0	$0	$0
CARLOS MARTINEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
KAYLEE MORENO BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KYAMA KITAVI	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY GLASS	BOARD 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
2024	$972,764	$879,468	$153,020	$93,296
2023	$506,027	$657,928	$61,474	$-151,901
2022	$389,138	$397,308	$214,465	$-8,170
2021	$224,548	$298,028	$221,915	$-73,480
2020	$421,645	$351,421	$294,675	$70,224
2019	$528,507	$378,132	$224,189	$150,375
2018	$255,954	$274,281	$98,769	$-18,327

LOCAL FIRST EDUCATIONAL FOUNDATION