LATINOS IN TRANSIT (EIN 364826809) - 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

2016

Legal Domicile

Principal Officer

EUGENIO BONET

Phone

8165918228

Tax Period

2023-01-01 to 2023-12-31

LATINOS IN TRANSIT, founded in 2016, is a small nonprofit in the Public & Societal Benefit sector that reported $253K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $67K, a strong 26% operating margin.

Mission

LATINOS IN TRANSIT (LIT) WAS FORMED IN 2016 AND IT'S MISSION IS TO ADVOCATE FOR LATINOS AND OTHER MINORITIES IN THE PUBLIC TRANSIT INDUSTRY TO BE PROMOTED TO CHIEF LEVEL POSITIONS. MINORITIES MAKE THE LARGEST USERS OF PUBLIC TRANSIT, YET, THE C-LEVEL POSITIONS ARE NOT REFLECTIVE OF THIS. LIT ADVOCATES AND PROVIDES A PLATFORM TO ENGAGE LATINOS TO NETWORK AND OBTAIN PROFESSIONAL DEVELOPMENT AND MENTORING.

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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 $378,000

Program Service Revenue $10,740

Investment Income $0

Other Revenue $-135,645

TOTAL REVENUE $253,095

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $26,800

Fundraising Expenses $0

Program Expenses $40,901

Other Expenses $140,784

TOTAL EXPENSES $186,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,095	$267,638	-0.1%
Expenses	$186,584	$95,242	+1.0%
Net Income	$66,511	$172,396	-0.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVA CARRASCO	PRESIDENT	20.00	Officer Director	$0	$0	$0
HEROLD HUMPHREY	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
EUGENIO BONET	TREASURER	10.00	Officer Director	$0	$0	$0
ELIZABETH CARTER	SECRETARY	10.00	Officer Director	$0	$0	$0
CARMEN GARCIA	DIRECTOR	5.00	Director	$0	$0	$0
HECTOR VARGAS	DIRECTOR	5.00	Director	$0	$0	$0
JOSE C FELICIANO	DIRECTOR	5.00	Director	$0	$0	$0
MARIELA GARCIA-COLBERG	DIRECTOR	5.00	Director	$0	$0	$0
MEGAN PERRERO	DIRECTOR	5.00	Director	$0	$0	$0
OSCAR GONZALEZ	DIRECTOR	5.00	Director	$0	$0	$0
RICK PULIDO	DIRECTOR	5.00	Director	$0	$0	$0
IVAN RODRIGUEZ	DIRECTOR	5.00	Director	$0	$0	$0
MILO VICTORIA	PRESIDENT - FORMER	5.00		$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
2024	No data	No data	No data	No data
2023	$253,095	$186,584	$398,858	$66,511
2022	$267,638	$95,242	$331,793	$172,396
2020	$32,800	$7,560	$49,023	$25,240

LATINOS IN TRANSIT