LA PAZ ECONOMIC DEVELOPMENT CORP (EIN 272888682) - 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

2010

Legal Domicile

Phone

9286694010

Tax Period

2024-07-01 to 2025-06-30

LA PAZ ECONOMIC DEVELOPMENT CORP, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $78K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE DEVELOPMENT OF ECONOMIC WEALTH FOR THE WELL-BEING OF OUR INHABITANTS THROUGH SUSTAINABLE IMPROVEMENTS IN OUR STANDARD OF LIVING

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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 $75,919

Program Service Revenue $0

Investment Income $78

Other Revenue $2,016

TOTAL REVENUE $78,013

Expense Breakdown

Grants Paid $1,680

Salaries & Benefits $80,745

Fundraising Expenses $0

Program Expenses $1,680

Other Expenses $34,267

TOTAL EXPENSES $116,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,013	$116,238	-0.3%
Expenses	$116,692	$87,726	+0.3%
Net Income	$-38,679	$28,512	-2.4%

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

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY MADONECZKY	PRESIDENT	40.00	Officer Director	$75,000	$0	$75,000
ZAFER GENC	CHAIRMAN	2.00	Officer Director	$0	$0	$0
NANCE FRANKLIN	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES DOWNING	MEMBER	2.00	Officer Director	$0	$0	$0
DUCE MINOR	PUBLIC MEMBER	2.00	Director	$0	$0	$0
LETICIA LOPEZ	TREASURER	2.00	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
2025	$78,013	$116,692	$65,684	$-38,679
2024	$116,238	$87,726	$104,035	$28,512
2019	$178,223	$140,016	$112,550	$38,207
2018	$135,344	$130,815	$49,711	$4,529

LA PAZ ECONOMIC DEVELOPMENT CORP