EAST LOS ANGELES COLLEGE FOUNDATION

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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

1984

Legal Domicile

Principal Officer

MARISSA CASTRO SALVATI

Phone

3232608198

Tax Period

2024-07-01 to 2025-06-30

EAST LOS ANGELES COLLEGE FOUNDATION, founded in 1984, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROMOTE AND ELEVATE THE COLLEGE IN FULFILLING ITS MISSION AND REACHING ITS GOALS THROUGH MARKETING AND ADVOCACY, COMMUNITY AND INDUSTRY CONNECTIONS AND FINANCIAL SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $895,227 Revenue: $389,745

THE CALIFORNIA STUDENT OPPORTUNITY AND ACCESS PROGRAM (CAL-SOAP)WAS ESTABLISHED BY THE STATE LEGISLATURE IN 1978. TODAY, CAL-SOAP IS INSTRUMENTAL IN IMPROVING THE FLOW OF INFORMATION ABOUT...

THE CALIFORNIA STUDENT OPPORTUNITY AND ACCESS PROGRAM (CAL-SOAP)WAS ESTABLISHED BY THE STATE LEGISLATURE IN 1978. TODAY, CAL-SOAP IS INSTRUMENTAL IN IMPROVING THE FLOW OF INFORMATION ABOUT POSTSECONDARY EDUCATION AND FINANCIAL AID WHILE RAISING THE ACHIEVEMENT LEVELES OF LOW-INCOME, ELEMENTARY AND SECONDARY SCHOOL STUDENTS OR GEOGRAPHIC REGIONS WITH DOCUMENTED LOW-ELIGIBILITY OR COLLEGE PARTICIPATION RATES, AND WHO ARE FIRST IN THEIR FAMILIES TO ATTEND COLLEGE.

Program 2

Expenses: $1,225,047 Revenue: $519,243

SCHOLARSHIPS - THE FOUNDATION ADMINISTERS SCHOLARSHIPS FUNDED BY DONATIONS FROM FOUNDATIONS, INDIVIDUALS AND GOVERNMENT PROGRAMS.

Program 3

Expenses: $235,586 Revenue: $141,462

LAUSD GEAR UP CONTRACT: TO INCREASE THE NUMBER OF LOW-INCOME STUDENTS WHO ARE PREPARED TO ENTER AND SUCCEED IN POST SECONDARY EDUCATION. THE PROGRAM PROVIDES SERVICES IN HIGH POVERTY MIDDLE AND HIGH...

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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 $889,194

Program Service Revenue $892,727

Investment Income $512,321

Other Revenue $0

TOTAL REVENUE $2,294,242

Expense Breakdown

Grants Paid $681,345

Salaries & Benefits $1,674,426

Fundraising Expenses $147,765

Program Expenses $2,355,860

Other Expenses $707,247

TOTAL EXPENSES $3,063,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,294,242	$2,455,547	-0.1%
Expenses	$3,063,018	$2,717,243	+0.1%
Net Income	$-768,776	$-261,696	+1.9%

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

$299,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CHANG	BOARD MEMBER	1.00	Director	$0	$0	$0
HON LUIS AYALA	BOARD MEMBER	1.00	Director	$0	$0	$0
LUIS PLASCENCIA	TREASURER	2.00	Officer Director	$0	$0	$0
SANDY HO	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN MAXEY	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIEL MONARES	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA ALVARENGA	BOARD MEMBER	1.00	Director	$0	$0	$0
PRICILLA LIZARRAGA	BOARD MEMBER	1.00	Director	$0	$0	$0
KASSANDRA SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA HWANG	PRESIDENT EMIRITUS	2.00	Officer Director	$0	$0	$0
MARISSA CASTRO SALVATI	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTIAN CONTRERAS ESQ	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ARNOLDO JAQUEZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
REYNA VALADEZ	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DR MONTE PEREZ	INTERIM PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN BARRETO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GRACE CASTILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA DEMIRCI	BOARD MEMBER	1.00	Director	$0	$0	$0
YESENIA MONSOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSANNE PASSANTINO	BOARD MEMBER	1.00	Director	$0	$0	$0
ELI RAFFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMOND AGHAKHANIAN	EXECUTIVE DIRECTOR	40.00	Officer	$201,650	$97,814	$299,464

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	$2,294,242	$3,063,018	$8,944,753	$-768,776
2024	No data	No data	No data	No data
2023	$2,534,474	$2,441,979	$7,647,778	$92,495
2022	$2,010,901	$1,271,145	$7,085,651	$739,756
2021	$1,280,090	$1,824,437	$7,094,502	$-544,347
2020	$1,815,002	$1,011,499	$6,316,819	$803,503
2019	$1,221,526	$1,219,521	$5,454,163	$2,005
2018	$1,861,539	$1,110,722	$5,478,281	$750,817