LATIN COMMUNITY SERVICES INC (EIN 371916110) - 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

2018

Legal Domicile

Principal Officer

MICHAEL WEITZ

Tax Period

2023-01-01 to 2023-12-31

LATIN COMMUNITY SERVICES INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $259K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $249K left a modest 4% surplus.

Mission

ANNUAL FESTIVAL HELD IN COMMUNITY TO BRING AWARENESS TO LATIN MUSIC AND CULTURE

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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 $31,131

Program Service Revenue $170,490

Investment Income $57,775

Other Revenue $0

TOTAL REVENUE $259,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,287

Other Expenses $249,216

TOTAL EXPENSES $249,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,396	$202,856	+0.3%
Expenses	$249,216	$196,732	+0.3%
Net Income	$10,180	$6,124	+0.7%

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

N/A

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WEITZ	PRESIDENT	5	Officer Director	$0	$0	$0
N JARAMILLO	DIRECTOR	5	Director	$0	$0	$0
ERIKA WEITZ	VP	5	Officer Director	$0	$0	$0
LUNA HERRERA	TREASURER	5	Officer Director	$0	$0	$0
A MORALES	DIRECTOR	5	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
2024	No data	No data	No data	No data
2023	$259,396	$249,216	$37,666	$10,180
2022	$202,856	$196,732	$27,486	$6,124

LATIN COMMUNITY SERVICES INC