CAMDEN, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $698K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum.
THE LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION, INC (LAEDA) IS A NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED: TO THE CREATION OF SMALL BUSINESS OWNERSHIP OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED MINORITIES, TO CONTRIBUTE TO THE GROWTH AND SUCCESS OF MINORITY OWNED SMALL BUSINESSES AND THE DEVELOPMENT OF THE MARKETPLACE IN THE COMMUNITIES WE SERVE.THIS NON-PROFIT WAS FORMED WITH THE PURPOSE:1.TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVELS OF THE ECONOMICALLY DISADVANTAGED RESIDENTS, PRIMARILY MEMBERS OF THE MINORITY COMMUNITY, IN THE DELAWARE VALLEY, PRIMARILY THE CITY OF CAMDEN, NEW JERSEY; TO FOSTER AND PROMOTE EMPLOYMENT CREATION INITIATIVES AND EXPANSION OF THE JOB BASE IN THE COMMUNITY; AND TO FOSTER AND PROMOTE COMMUNITY-WIDE INTEREST AND CONCERN FOR THE PROBLEMS OF SUCH RESIDENTS TO THE END THAT (A) EDUCATIONAL AND ECONOMIC OPPORTUNITIES MAY BE EXPANDED; (B) SICKNESS, POVERTY, CRIME, AND ENVIRONMENTAL DEGRADATION MAY BE LESSENED; AND (C) RACIAL TENSIONS
PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED SMALL MINORITY BUSINESSES AND ASSISTANCE IN THE CREATION OF NEW SMALL MINORITY BUSINESSES WITHIN CAMDEN COUNTY, NJ. THIS IS ACCOMPLISHED THROUGH...
PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED SMALL MINORITY BUSINESSES AND ASSISTANCE IN THE CREATION OF NEW SMALL MINORITY BUSINESSES WITHIN CAMDEN COUNTY, NJ. THIS IS ACCOMPLISHED THROUGH ENTREPRENURIAL TRAINING, RESEARCH, TECHNICAL ASSISTANCE AND COMMERCIAL DEVELOPMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $697,507 | $494,539 | +0.4% |
| Expenses | $740,995 | $566,485 | +0.3% |
| Net Income | $-43,488 | $-71,946 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KRISTA BEY | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| DIANA PEREZ | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSE MERCADO | BOARD CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN DENG | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSUE CASTRO | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JUAN HERNANDEZ | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RAYMOND LAMBOY | PRESIDENT & CEO | 40.00 |
Officer
|
$99,808 | $24,176 | $123,984 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $697,507 | $740,995 | $1,888,449 | $-43,488 |
| 2024 | $494,539 | $566,485 | $1,383,782 | $-71,946 |
| 2023 | $498,545 | $524,347 | $1,486,521 | $-25,802 |
| 2022 | $540,206 | $482,388 | $1,526,861 | $57,818 |
| 2021 | $553,523 | $555,471 | $1,483,330 | $-1,948 |
| 2020 | $420,112 | $447,850 | $1,537,719 | $-27,738 |
| 2019 | $374,632 | $503,159 | $1,431,758 | $-128,527 |
| 2018 | $549,348 | $559,442 | $1,538,223 | $-10,094 |
Compare LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC with other nonprofits in New Jersey and across the country.