LASOS Inc (EIN 264503259) - 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

2009

Legal Domicile

Principal Officer

Melynda Velez

Phone

4108360333

Tax Period

2024-07-01 to 2025-06-30

LASOS Inc, founded in 2009, is a small nonprofit in the Human Services sector that reported $527K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum.

Mission

To provide quality adult literacy classes including English as a second language, financial literacy, citizenship, at risk youth and family literacy programs as well as a network of service providers for the non-native English speaking community of Harford County.

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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 $520,414

Program Service Revenue $0

Investment Income $0

Other Revenue $6,990

TOTAL REVENUE $527,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,696

Fundraising Expenses $22,591

Program Expenses $418,345

Other Expenses $229,194

TOTAL EXPENSES $532,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,404	$349,488	+0.5%
Expenses	$532,890	$298,800	+0.8%
Net Income	$-5,486	$50,688	-1.1%

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

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

$62,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melynda Velez	Executive Dir.	40.00	Director	$62,540	$0	$62,540
Mike Thatcher	Vice President	1.00	Officer	$0	$0	$0
Carolina Ugalde	Treasurer	1.00	Officer	$0	$0	$0
Kevin Bianca	Secretary	1.00	Officer	$0	$0	$0
Timothy Wills	Director	1.00	Officer	$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	$527,404	$532,890	$136,618	$-5,486
2024	$349,488	$298,800	$138,673	$50,688
2023	$250,511	$288,013	$90,145	$-37,502
2021	$228,585	$214,987	$92,836	$13,598
2020	$213,421	$181,029	$81,678	$32,392
2018	$118,264	$255,614	$56,337	$-137,350

LASOS Inc