LOS ANGELES TELUGU ASSOCIATION LATA

EIN: 462389070 501(c)(3) Arts, Culture & Humanities

TORRANCE, CA

Total Revenue
$100,525
Total Expenses
$180,624
Total Assets
$84,675
Net Assets
$84,675
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
CHAKRA KAVURI
Phone
3107484421
Tax Period
2024-01-01 to 2024-12-31

LOS ANGELES TELUGU ASSOCIATION LATA, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $181K exceeded revenue, resulting in a 80% operating deficit.

Mission

LOS ANGELES TELUGU ASSOCIATION (LATA) IS DEDICATED TO SERVING AND PROVIDING SUPPORT SERVICES TO THE TELUGU SPEAKING COMMUNITY, RESIDING IN THE STATE OF CA. FOLLWOING PROGRAMS ARE USED TO ENABLE THE ORGANIZATION TO ACHIEVE ITS PLANNED PURPOSE: 1. EDUCATIONAL WORKSHOPS FOR TELUGU COMMUNITY 2. TELUGU YOUTH EDUCATIONAL SERVICES 3. TELUGU LANGUAGE MUSIC PROGRAM

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $72,415
Program Service Revenue $28,105
Investment Income $5
Other Revenue $0
TOTAL REVENUE $100,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $179,684
Other Expenses $180,624
TOTAL EXPENSES $180,624

Year-over-Year Comparison

2024 2023 Change
Revenue $100,525 $221,245 -0.5%
Expenses $180,624 $196,831 -0.1%
Net Income $-80,099 $24,414 -4.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
200

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
6
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAKRA KAVURI PRESIDENT N/A
Officer Director
$0 $0 $0
NARENDRA KAVATHAPU VICE PRESIDE N/A
Officer Director
$0 $0 $0
SRINIVASA YARLAGADDA SECRETARY N/A
Officer Director
$0 $0 $0
RAVIKIRAN PEETALA JOINT SECRET N/A
Officer Director
$0 $0 $0
ASHOK NANDEPU TREASURER N/A
Officer Director
$0 $0 $0
CHANDU GUTHIKONDA JOINT TREASU N/A
Officer Director
$0 $0 $0
VIJAY BHASKAR NEKKANTI DIRECTOR N/A
Director
$0 $0 $0
SRINIVAS YARLAGADDA DIRECTOR N/A
Director
$0 $0 $0
SUDHIR POTTURI DIRECTOR N/A
Director
$0 $0 $0
LAKSHMI CHINTALA DIRECTOR N/A
Director
$0 $0 $0
SATISH NANDURI DIRECTOR N/A
Director
$0 $0 $0
NARENDRA BESTA DIRECTOR N/A
Director
$0 $0 $0
MURTHY SHRIKANTHAM DIRECTOR N/A
Director
$0 $0 $0
LINGAREDDY NALLA DIRECTOR N/A
Director
$0 $0 $0
CHANDRASEKHAR GUTHIKONDA DIRECTOR N/A
Director
$0 $0 $0
CHANDRASEKHAR PALLEBOYINA DIRECTOR N/A
Director
$0 $0 $0
ASHOK NANDEPU DIRECTOR N/A
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 $100,525 $180,624 $84,675 $-80,099
2023 $221,245 $196,831 $164,774 $24,414
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