LATINAS ON THE VERGE OF EXCELLENCE- LOVE INC

EIN: 463732667 501(c)(3) Youth Development

NEW YORK, NY

Total Revenue
$763,361
Total Expenses
$657,389
Total Assets
$641,521
Net Assets
$595,176
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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
NY
Principal Officer
CLAUDIA ESPINOSA
Phone
9174464904
Tax Period
2024-01-01 to 2024-12-31

LATINAS ON THE VERGE OF EXCELLENCE- LOVE INC, founded in 2013, is a small nonprofit in the Youth Development sector that reported $763K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $657K left a modest 14% surplus.

Mission

THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM EMPOWERS YOUNG WOMEN TO IDENTIFY THEIR INNATE STRENGTH TO FULFILL THEIR PERSONAL AND PROFESSIONAL GOALS THROUGH MENTORSHIP AND HEALTH EDUCATION TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS COLLEGE AND CAREER READINESS.

Program Service Accomplishments

Program 1
Expenses: $331,690 Revenue: $103,712

THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM EMPOWERS YOUNG WOMEN TO IDENTIFY THEIR INNATE STRENGTH TO FULFILL THEIR PERSONAL AND PROFESSIONAL GOALS THROUGH MENTORSHIP AND...

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THE LATINAS ON THE VERGE OF EXCELLENCE - L.O.V.E. MENTORING PROGRAM EMPOWERS YOUNG WOMEN TO IDENTIFY THEIR INNATE STRENGTH TO FULFILL THEIR PERSONAL AND PROFESSIONAL GOALS THROUGH MENTORSHIP AND HEALTH EDUCATION TARGETED AT MENTAL, REPRODUCTIVE AND PHYSICAL HEALTH AS WELL AS COLLEGE AND CAREER READINESS. L.O.V.E. PROVIDES MENTORSHIP SERVICES IN FIFTEEN SCHOOLS IN THE NEW YORK AREA. ALL L.O.V.E. MENTEES WERE PROMOTED TO THE NEXT GRADE LEVEL, GRADUATED FROM HIGH SCHOOL AND ENROLLED INTO COLLEGE. WE HAD 714 L.O.V.E. MENTEES IN THE YEAR 2024.

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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 $681,804
Program Service Revenue $103,712
Investment Income $33
Other Revenue $-22,188
TOTAL REVENUE $763,361

Expense Breakdown

Grants Paid $4,549
Salaries & Benefits $535,592
Fundraising Expenses $149,462
Program Expenses $331,690
Other Expenses $117,248
TOTAL EXPENSES $657,389

Year-over-Year Comparison

2024 2023 Change
Revenue $763,361 $603,164 +0.3%
Expenses $657,389 $507,631 +0.3%
Net Income $105,972 $95,533 +0.1%
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

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Governance

Voting Members
8
Independent Members
7
Employees
13
Volunteers
53

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
5
$100,000
Total Directors
8
$100,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAUDIA ESPINOSA EXECUTIVE DIRECTOR 40.00
Officer Director
$100,000 $0 $100,000
WENDY REYNOSO CO-CHAIR 1.00
Officer Director
$0 $0 $0
ANJANETTE CABRERA CO-CHAIR 1.00
Officer Director
$0 $0 $0
DANNA DEBLASIO SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE WARRA TREASURER 1.00
Officer Director
$0 $0 $0
DIANA GASPERONI DIRECTOR 1.00
Director
$0 $0 $0
BARBARA ORISIO DIRECTOR 1.00
Director
$0 $0 $0
SHIREESHA NETHI DIRECTOR 1.00
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 $763,361 $657,389 $641,521 $105,972
2023 $603,164 $507,631 $577,955 $95,533
2022 $413,902 $357,523 $445,663 $56,379
2021 $385,125 $272,519 $380,346 $112,606
2020 $297,142 $217,608 $231,579 $79,534
2019 $234,162 $256,670 $160,572 $-22,508
2018 $247,076 $208,265 $96,229 $38,811
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