LATHAMCARES COLLEAGUE ASSISTANCE FUND (EIN 465018518) - 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

2014

Legal Domicile

Principal Officer

FARHAN AZIZ

Phone

7147558268

Tax Period

2024-01-01 to 2024-12-31

LATHAMCARES COLLEAGUE ASSISTANCE FUND, founded in 2014, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $24K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $459K represent 231 months of operating reserves.

Mission

LATHAMCARES PROVIDES FINANCIAL ASSISTANCE TO LATHAM & WATKINS LLP COLLEAGUES AND (CONT. SCH. O) (CONTINUED) AFFILIATES EXPERIENCING UNFORESEEN HARDSHIPS.

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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 $16,055

Program Service Revenue $0

Investment Income $7,808

Other Revenue $0

TOTAL REVENUE $23,863

Expense Breakdown

Grants Paid $14,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,600

Other Expenses $10,239

TOTAL EXPENSES $24,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,863	$25,187	-0.1%
Expenses	$24,839	$37,013	-0.3%
Net Income	$-976	$-11,826	-0.9%

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

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
WENDY ATROKHOV	DIRECTOR, PRESIDENT	2.00	Officer Director	$0	$0	$0
MATT FRITZ	DIRECTOR	0.50	Director	$0	$0	$0
FARHAN AZIZ	DIRECTOR, CFO	2.00	Director	$0	$0	$0
ANA O'BRIEN	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA HERNANDEZ	DIRECTOR, VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRISTIAN LIDYARD	SECRETARY	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	$23,863	$24,839	$464,510	$-976
2020	$49,619	$161,039	$531,004	$-111,420
2019	$33,223	$71,796	$641,155	$-38,573
2018	$68,557	$149,761	$676,607	$-81,204

LATHAMCARES COLLEAGUE ASSISTANCE FUND