LATINO ECONOMIC DEVELOPMENT CORPORATION (EIN 521749216) - 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

1991

Legal Domicile

Principal Officer

EMI REYES

Phone

2025885102

Tax Period

2022-10-01 to 2023-09-30

LATINO ECONOMIC DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit in the Community Improvement sector that reported $19.5M in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $18.4M left a modest 6% surplus.

Mission

TO DRIVE THE ECONOMIC AND SOCIAL ADVANCEMENT OF LOW-INCOME LATINOS AND OTHER UNDERSERVED COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,909,566

Program Service Revenue $604,542

Investment Income $0

Other Revenue $24,322

TOTAL REVENUE $19,538,430

Expense Breakdown

Grants Paid $8,608,310

Salaries & Benefits $6,890,742

Fundraising Expenses $144,946

Program Expenses $16,408,747

Other Expenses $2,903,465

TOTAL EXPENSES $18,402,517

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,538,430	$40,380,571	-0.5%
Expenses	$18,402,517	$38,165,728	-0.5%
Net Income	$1,135,913	$2,214,843	-0.5%

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

111

Volunteers

211

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

$457,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL MAXWELL	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT ACEITUNO	TREASURER	1.00	Officer Director	$0	$0	$0
ORLANDO VELEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
FERNANDO LEMOS	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN COOLIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIKA FLORA	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY MATSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS TALAMANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFRY VIQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA ISIS SALMERON	CHIEF FINANCIAL OFFICER	40.00	Officer	$134,904	$0	$134,904
OMAR VELASCO	CHIEF OF SMALL BUSINESS PROGRAMS	40.00	Officer	$104,019	$0	$104,019
WALDA YON	CHIEF OF HOUSING PROGRAMS	40.00	Officer	$114,389	$0	$114,389
LAURA BENTLEY	DIRECTOR OF DIRECT COMMUNITY INVESTMENTS	40.00	Officer	$103,888	$0	$103,888
EMI REYES	EXECUTIVE DIRECTOR	40.00	Highest	$180,385	$29,633	$210,018

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$19,538,430	$18,402,517	$25,204,226	$1,135,913
2022	$40,380,571	$38,165,728	$22,544,018	$2,214,843
2021	$55,386,095	$53,394,386	$21,296,549	$1,991,709
2020	$17,850,760	$10,223,083	$19,097,837	$7,627,677
2020	$16,772,010	$10,222,703	$17,914,033	$6,549,307
2019	$5,745,929	$4,408,894	$8,801,063	$1,337,035
2019	$5,789,049	$4,368,880	$8,881,154	$1,420,169
2018	$5,159,428	$4,079,354	$6,450,914	$1,080,074

LATINO ECONOMIC DEVELOPMENT CORPORATION