LATINO FAMILY SERVICES INC (EIN 381988679) - 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

1971

Legal Domicile

Phone

3132793232

Tax Period

2021-10-01 to 2022-09-30

LATINO FAMILY SERVICES INC, founded in 1971, is a micro nonprofit that reported $66K in total revenue in fiscal year 2021. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 84% operating deficit.

Mission

Latino Family Services LFS is a community agency which provides and coordinates comprehensive human services to residents of Wayne County with particular emphasis on its Latino residents. These services will enhance the quality of life for children youth adults families and the developmentally disabled to include veteran families. Services will include substance addiction co-occurring disorders adult and youth prevention services and resourcing used to sustain families and individuals in our community. LFS will provide these services in a culturally competent manner. The mission is implemented through collaborating with individuals community groups organizations and institutions

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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 (2021)

Revenue Breakdown

Contributions & Grants $66,230

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $66,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,477

Fundraising Expenses $0

Program Expenses $45,000

Other Expenses $51,802

TOTAL EXPENSES $121,673

Year-over-Year Comparison

	2021	2020	Change
Revenue	$66,230	$103,845	-0.4%
Expenses	$121,673	$186,563	-0.3%
Net Income	$-55,443	$-82,718	-0.3%

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

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
Sonia Plata	Board Chairman	0.00	Director	$0	$0	$0
Fern Expino	Secretary	0.00	Officer	$0	$0	$0
Chavall Crawford	Advisor	0.00	Officer	$0	$0	$0
Al Martin	Advisor	0.00	Officer	$0	$0	$0
Jamie Reyes	Advisor	0.00	Officer	$0	$0	$0
Lidia Reyes Flores	CEO	40.00	Highest	$65,000	$0	$65,000

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
2022	$66,230	$121,673	$50,282	$-55,443
2021	$103,845	$186,563	$90,894	$-82,718
2020	$187,000	$231,511	$34,351	$-44,511

LATINO FAMILY SERVICES INC