LA AMISTAD FOUNDATION INC (EIN 591300982) - 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

1970

Legal Domicile

Principal Officer

SARAH SUMMEY

Phone

4073321711

Tax Period

2023-01-01 to 2023-12-31

LA AMISTAD FOUNDATION INC, founded in 1970, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

LONG-TERM RESIDENTIAL PROGRAM FOR ADULTS WITH CHRONIC MENTAL ILLNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $710,782

Program Service Revenue $2,612,027

Investment Income $50,362

Other Revenue $-8,493

TOTAL REVENUE $3,364,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,110,614

Fundraising Expenses $225,638

Program Expenses $2,627,969

Other Expenses $1,253,192

TOTAL EXPENSES $3,363,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,364,678	$2,933,135	+0.1%
Expenses	$3,363,806	$2,988,355	+0.1%
Net Income	$872	$-55,220	-1.0%

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

$155,835

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON TALLEY III	CEO	40.00	Officer	$50,103	$8,878	$58,981
SARAH SUMMEY	CEO	40.00	Officer	$92,137	$4,717	$96,854
BRUCE WOODRUFF	SECRETARY	0.50	Officer Director	$0	$0	$0
BRYN AULD	TRUSTEE	0.50	Director	$0	$0	$0
TERESA WILLIAMS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
STEPHANIE HIGGINS	TRUSTEE	0.50	Director	$0	$0	$0
NOELLE MOORE	TRUSTEE	0.50	Director	$0	$0	$0
JORDAN SMITH	TRUSTEE	0.50	Director	$0	$0	$0
DEBBIE MCLAREN	TRUSTEE	0.50	Director	$0	$0	$0
LISA BURRELL	TRUSTEE	0.50	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	No data	No data	No data	No data
2023	$3,364,678	$3,363,806	$6,465,072	$872
2022	$2,933,135	$2,988,355	$6,494,405	$-55,220
2021	$2,785,900	$2,956,350	$6,458,250	$-170,450
2020	$3,580,041	$3,063,066	$6,587,065	$516,975
2019	$2,543,938	$2,759,424	$6,077,097	$-215,486
2018	$2,720,531	$2,802,787	$6,190,273	$-82,256

LA AMISTAD FOUNDATION INC