L A Intellectual Property Law Association (EIN 510196244) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

Nicholas Fung

Phone

3232851654

Tax Period

2024-07-01 to 2025-06-30

L A Intellectual Property Law Association, founded in 1976, is a small nonprofit that reported $442K in total revenue in fiscal year 2024. Expenses of $532K exceeded revenue, resulting in a 20% operating deficit.

Mission

EDUCATIONAL ACTIVITIES FOR INTELLECTUAL PROPERTY LAW PROFESSIONALS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $121,255

Program Service Revenue $319,471

Investment Income $1,079

Other Revenue $0

TOTAL REVENUE $441,805

Expense Breakdown

Grants Paid $3,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $348,984

Other Expenses $528,507

TOTAL EXPENSES $532,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,805	$455,119	0.0%
Expenses	$532,257	$387,641	+0.4%
Net Income	$-90,452	$67,478	-2.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Xinlin Morrow	President	4.00	Officer Director	$0	$0	$0
SARAH CORK	Vice President	4.00	Officer Director	$0	$0	$0
Nicholas Fung	Secretary	4.00	Officer Director	$0	$0	$0
Jordan Nafekh	Treasurer	4.00	Officer Director	$0	$0	$0
Erica Van Loon	Immediate Past President	1.00	Director	$0	$0	$0
Stephen Kelly	Director, 3rd Term, 3rd Ye	1.00	Director	$0	$0	$0
Shashi Kewalramani	Director, 2nd Term, 2nd Ye	1.00	Director	$0	$0	$0
Adam Kwon	Director, 2nd Term, 2nd Ye	1.00	Director	$0	$0	$0
Robert Taylor	Director, 2nd Term, 2nd Ye	1.00	Director	$0	$0	$0
Alexander Zeng	Director, 2nd Term, 2nd Ye	1.00	Director	$0	$0	$0
Daniel Latimer	Director, 1st Term, 1st Ye	1.00	Director	$0	$0	$0
Joshua Pollack	Director, 1st Term, 1st Ye	1.00	Director	$0	$0	$0
Nina Boyajian	Director, 1st Term, 1st Ye	1.00	Director	$0	$0	$0
Nancy Olsen	Director, 1st Term, 1st Ye	1.00	Director	$0	$0	$0
Patrick Maloney	Director, 1st Term, 1st Ye	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
2025	$441,805	$532,257	$117,346	$-90,452
2024	$455,119	$387,641	$207,798	$67,478
2023	$370,417	$347,245	$140,320	$23,172
2022	$253,090	$241,852	$117,148	$11,238
2021	$88,487	$107,089	$105,910	$-18,602
2020	$220,761	$189,547	$124,512	$31,214
2019	$261,618	$263,511	$93,298	$-1,893

L A Intellectual Property Law Association