INSTITUTE FOR LATINO PROGRESS (EIN 362937375) - 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

1977

Legal Domicile

Principal Officer

KARINA AYALA-BERMEJO

Phone

7738900055

Tax Period

2024-07-01 to 2025-06-30

INSTITUTE FOR LATINO PROGRESS, founded in 1977, is a mid-sized nonprofit in the Human Services sector that reported $23.4M in total revenue in fiscal year 2024. The organization ran a surplus of $3.8M, a strong 16% operating margin.

Mission

CHARTER SCHOOLS, CAREER PATHWAYS, ADULT EDUCATION, CITIZENSHIP, AND YOUTH DEVELOPMENT

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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 $23,252,430

Program Service Revenue $102,838

Investment Income $0

Other Revenue $46,130

TOTAL REVENUE $23,401,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,629,052

Fundraising Expenses $188,666

Program Expenses $16,739,893

Other Expenses $5,948,270

TOTAL EXPENSES $19,577,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,401,398	$22,218,516	+0.1%
Expenses	$19,577,322	$23,588,111	-0.2%
Net Income	$3,824,076	$-1,369,595	-3.8%

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

262

Volunteers

1802

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

$324,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIETA LAMALFA	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA PILLARS	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
REINA GOODMAN	CHAIR	1.00	Officer Director	$0	$0	$0
JAVIER GARIBAY	DIRECTOR	1.00	Director	$0	$0	$0
DEREK BECKMANN	DIRECTOR	1.00	Director	$0	$0	$0
DENISE LAM	DIRECTOR	1.00	Director	$0	$0	$0
CARYN STANCIK	DIRECTOR	1.00	Director	$0	$0	$0
MARISSA DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
WENDY RAYMER	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA TOVIAS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BASTUGA	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA CONTRERAS	DIRECTOR	1.00	Director	$0	$0	$0
KARINA AYALA-BERMEJO	PRESIDENT AND CEO	40.00	Officer	$183,959	$0	$183,959
CARLOS JARAMILLO	COO	40.00	Officer	$140,508	$0	$140,508
EVA ARCENTALES	TEACHER	40.00	Highest	$141,561	$0	$141,561
WILLIAM MCHENRY	TEACHER	40.00	Highest	$136,534	$0	$136,534
TAMMY NGUYEN	TEACHER	40.00	Highest	$132,609	$0	$132,609
DELTA CERVANTES	ASSISTANT PRINCIPAL	40.00	Highest	$121,250	$0	$121,250
AMANDA COLE	TEACHER	40.00	Highest	$120,622	$0	$120,622

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	$23,401,398	$19,577,322	$25,092,339	$3,824,076
2024	$22,218,516	$23,588,111	$22,323,534	$-1,369,595
2023	$17,958,395	$18,942,884	$23,717,921	$-984,489
2022	$17,945,320	$19,192,883	$22,119,022	$-1,247,563
2021	$9,566,037	$8,337,461	$24,717,406	$1,228,576
2020	$5,757,562	$7,058,717	$27,827,840	$-1,301,155
2019	$5,538,790	$7,714,456	$25,233,904	$-2,175,666
2018	$12,368,483	$7,711,781	$25,412,114	$4,656,702

INSTITUTE FOR LATINO PROGRESS