LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC (EIN 381892670) - 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

1969

Legal Domicile

Principal Officer

JANE GARCIA

Phone

3135542025

Tax Period

2023-01-01 to 2023-12-31

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC, founded in 1969, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 9% surplus.

Mission

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT, INC. PROVIDES VARIOUS SOCIAL SERVICES TO THE RESIDENCES OF SOUTHWESTERN DETROIT INCLUDING TRANSPORTATION, INFORMATION AND ASSISTANCE PROGRAMS, AFTER SCHOOL AND SUMMER PRORGRAMS FOR YOUTH, TRANSLATION AND CITIZENSHIP PROGRAMS

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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 $1,050,273

Program Service Revenue $30,133

Investment Income $18,067

Other Revenue $96,640

TOTAL REVENUE $1,195,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $670,782

Fundraising Expenses $0

Program Expenses $1,015,439

Other Expenses $415,290

TOTAL EXPENSES $1,086,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,195,113	$1,251,971	0.0%
Expenses	$1,086,072	$1,005,732	+0.1%
Net Income	$109,041	$246,239	-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
AGO BENAVIDES	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA A CLARK	BOARD MEMBER	2.00	Director	$0	$0	$0
EVA GAEZA DEWAELSCHE	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH DOBSON	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA PEREZ FRESARD	BOARD MEMBER	2.00	Director	$0	$0	$0
OMAR HERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
LEO V MENDEZ JR	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID SANCHEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE GARCIA	CHAIR	2.00	Officer	$0	$0	$0
BELDA GARZA	SECRETARY	2.00	Officer	$0	$0	$0
JOM JOAQUIN	VICE CHAIR	2.00	Officer	$0	$0	$0
LAURA REYES KOPACK	PRESIDENT AN	2.00	Officer	$0	$0	$0
AARON MUNOZ	TREASURER	2.00	Officer	$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	$1,195,113	$1,086,072	$1,989,192	$109,041
2022	$1,251,971	$1,005,732	$1,936,798	$246,239
2021	$989,377	$983,268	$1,539,201	$6,109
2020	$846,361	$783,401	$1,516,381	$62,960

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC