LA KRETZ INNOVATION CAMPUS

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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

2013

Legal Domicile

Principal Officer

ANN M SANTILLI

Phone

2133674319

Tax Period

2024-01-01 to 2024-12-31

LA KRETZ INNOVATION CAMPUS, founded in 2013, is a mid-sized nonprofit that reported $42.7M in total revenue in fiscal year 2024. Revenue surged 35254% from the prior year, signaling strong growth momentum.

Mission

TO ACQUIRE AND DEVELOP FACILITIES THAT WILL ATTRACT, SUPPORT AND INCUBATE OR ACCELERATE BUSINESSES DEVELOPING AND COMMERCIALIZING CLEAN AND EFFICIENT ENERGY TECHNOLOGIES IN THE CITY OF LOS ANGELES.

Program Service Accomplishments

Program 1

Expenses: $885,700 Revenue: $934,217

THE ORGANIZATION CONSTRUCTED A 60,000 SQUARE FOOT FACILITY ON 3.2 ACRES FOR LOS ANGELES DEPARTMENT OF WATER AND POWER'S LA KRETZ INNOVATION CAMPUS. THE FACILITY INCLUDES THE FOLLOWING FEATURES...

THE ORGANIZATION CONSTRUCTED A 60,000 SQUARE FOOT FACILITY ON 3.2 ACRES FOR LOS ANGELES DEPARTMENT OF WATER AND POWER'S LA KRETZ INNOVATION CAMPUS. THE FACILITY INCLUDES THE FOLLOWING FEATURES: 30,000 SQUARE FEET OF COLLABORATIVE WORKSPACE AND OFFICES, ADVANCED PROTOTYPING CENTER, 125 PERSON AMPHITHEATER AND CONFERENCE SPACE, TRAINING CENTER WITH 3 LARGE CLASSROOMS, 175 KW SOLAR FARM AND MICRO GRID R&D CENTER, CUSTOMER ENGAGEMENT CENTER AND TESTING LABORATORIES. ALL EXPENSES ARE DIRECTLY RELATED TO THE OPERATING LEASE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $42,745,244

TOTAL REVENUE $42,745,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $885,700

Other Expenses $43,688,092

TOTAL EXPENSES $43,688,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,745,244	$120,908	+352.5%
Expenses	$43,688,092	N/A	N/A
Net Income	$-942,848	$120,908	-8.8%

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

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
DAVID RICCITIELLO	TREASURER	5.00	Officer Director	$0	$0	$0
AARON GROSS	CEO	5.00	Officer 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	$42,745,244	$43,688,092	No data	$-942,848
2023	$120,908	No data	$44,854,621	No data
2022	$-845,232	No data	$44,715,038	No data
2021	$1,050,045	No data	$46,025,208	No data
2020	$-594,024	No data	$44,955,521	No data
2019	$434,813	No data	$44,378,673	No data
2018	$435,327	No data	$43,820,823	No data