PLAZA DE LA RAZA INC

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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

1970

Legal Domicile

Principal Officer

MARIA JIMENEZ-TORRES

Phone

3232232475

Tax Period

2023-01-01 to 2023-12-31

PLAZA DE LA RAZA INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $284K, a strong 20% operating margin.

Mission

PLAZA DE LA RAZA IS A PRIVATE NON-PROFIT ORGANIZATION THAT PROVIDES YEAR ROUND PROGRAMS IN ARTS EDUCATION AND SERVES AS AN ARTS CENTER AND SCHOOL OF PERFORMING AND VISUAL ARTS.PLAZA'S ARTISTIC PROGRAMMING FOSTERS THE ENRICHMENT OF ALL CULTURES. THROUGH THE ARTS, PLAZA PROVIDES A VITAL HUMAN RESOURCE SERVICE BRIDGING THE GEOGRAPHIC, SOCIAL, ARTISTIC AND CULTURALL BOUNDARIES OF LOS ANGELES AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $795,086 Revenue: $140,717

PLAZA DE LA RAZA HAS PROVIDED FREE AND AFFORDABLE AFTER-SCHOOL AND YEAR-ROUND PROGRAMS IN ARTS EDUCATION TO NEARLY 25,000 YOUTH ON AN ANNUAL BASIS.PLAZA DE LA RAZA SERVES AS AN ARTS CENTER, AS A...

PLAZA DE LA RAZA HAS PROVIDED FREE AND AFFORDABLE AFTER-SCHOOL AND YEAR-ROUND PROGRAMS IN ARTS EDUCATION TO NEARLY 25,000 YOUTH ON AN ANNUAL BASIS.PLAZA DE LA RAZA SERVES AS AN ARTS CENTER, AS A SCHOOL OF PERFORMING AND VISUAL ARTS. OFFERING HUNDREDS OF CLASSES IN THEATRE, DANCE, MUSIC AND THE VISUAL ARTS TO CHILDREN, TEENS, AND ADULTS.

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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 $1,038,050

Program Service Revenue $435,533

Investment Income $-11,172

Other Revenue $-29,298

TOTAL REVENUE $1,433,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,280

Fundraising Expenses $54,514

Program Expenses $795,086

Other Expenses $771,591

TOTAL EXPENSES $1,148,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,433,113	$988,219	+0.5%
Expenses	$1,148,871	$944,542	+0.2%
Net Income	$284,242	$43,677	+5.5%

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

Volunteers

315

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

$106,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARMANDO G RAMIREZ	VICE PRESIDENT	15.00	Officer	$0	$0	$0
FRANK ROMERO	VICE CHAIRMAN	5.00	Officer	$11,420	$0	$11,420
ROSE ELENA SAUCEDA	TREASURER/CFO	5.00	Officer	$0	$0	$0
RAMONA A BANUELOS	SECRETARY	5.00	Officer	$0	$0	$0
JOHN E ARRIAGA	DIRECTOR	5.00	Director	$0	$0	$0
JIM DE LA LOZA	DIRECTOR	5.00	Director	$0	$0	$0
JOSE PAVON	DIRECTOR	5.00	Director	$0	$0	$0
DAN BOOSE	DIRECTOR	5.00	Director	$0	$0	$0
FRACISCO LEAL	DIRECTOR	5.00	Director	$0	$0	$0
OLIVIA E RIOS	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL GONZALEZ	DIRECTOR	5.00	Director	$0	$0	$0
HOPE A BULLOCK III	DIRECTOR	5.00	Director	$0	$0	$0
MARIA JIMENEZ-TORRES	EXECUTIVE DIRECTOR/CEO	40.00	Officer	$94,958	$0	$94,958

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	No data	No data	No data	No data
2023	$1,433,113	$1,148,871	$1,963,515	$284,242
2022	$988,219	$944,542	$1,549,449	$43,677
2021	$941,599	$766,679	$1,520,635	$174,920
2020	$582,590	$668,105	$1,520,485	$-85,515
2019	$901,209	$775,595	$1,261,173	$125,614
2018	$785,562	$761,530	$1,058,770	$24,032