Latino Economic Development Center (EIN 510467167) - 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

2003

Legal Domicile

Principal Officer

Alma Flores

Phone

6127245332

Tax Period

2024-01-01 to 2024-12-31

Latino Economic Development Center, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $4.0M left a modest 8% surplus.

Mission

To transform our community by creating economic opportunities for Latinos throughout Minnesota.

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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 $3,700,578

Program Service Revenue $310,853

Investment Income $396,421

Other Revenue $-42,606

TOTAL REVENUE $4,365,246

Expense Breakdown

Grants Paid $19,500

Salaries & Benefits $1,717,056

Fundraising Expenses $75,055

Program Expenses $2,605,047

Other Expenses $2,261,122

TOTAL EXPENSES $3,997,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,365,246	$6,991,102	-0.4%
Expenses	$3,997,678	$3,516,316	+0.1%
Net Income	$367,568	$3,474,786	-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

Employees

Volunteers

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

$213,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlos Lopez	Board Chair	1.00	Officer Director	$0	$0	$0
Uri Camarena	Secretary	1.00	Officer Director	$0	$0	$0
Ruben Hidalgo	Treasurer	1.00	Officer Director	$0	$0	$0
Angela Knudson	Director	1.00	Director	$0	$0	$0
Eduardo Mozqueda	Director	1.00	Director	$0	$0	$0
Tony Vannicola	Director	1.00	Director	$0	$0	$0
Carlos Lamboglia	Director	1.00	Director	$0	$0	$0
Vanessa Butler	Director	1.00	Director	$0	$0	$0
Jennifer Carlson	Director	1.00	Director	$0	$0	$0
Linda Correa Bates	Director	1.00	Director	$0	$0	$0
Ambar Cristina Hanson	Director	1.00	Director	$0	$0	$0
Alejandro Trevino	Director	1.00	Director	$0	$0	$0
John Uribe	Director	1.00	Director	$0	$0	$0
Jeremy Wermerskirchen	Director	1.00	Director	$0	$0	$0
Henry Jimenez	Past Executive Director	40.00	Officer	$34,615	$4,089	$38,704
Jose Camarena-Michel	Interim Executive Director	40.00	Officer	$108,000	$18,875	$126,875
Alma Flores	Executive Director	40.00	Officer	$45,015	$2,691	$47,706

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	$4,365,246	$3,997,678	$19,999,593	$367,568
2023	$6,991,102	$3,516,316	$15,421,358	$3,474,786
2022	$4,726,530	$4,491,158	$11,425,396	$235,372
2021	$19,528,644	$16,906,414	$11,641,082	$2,622,230
2020	$12,031,174	$10,452,350	$13,979,469	$1,578,824
2019	$2,128,863	$1,938,870	$5,359,850	$189,993
2018	$1,250,612	$1,892,714	$5,409,522	$-642,102

Latino Economic Development Center