La Salle Educational Center Homestead Inc

EIN: 650759494 501(c)(3) Education

Homestead, FL

Total Revenue
$322,149
Total Expenses
$740,476
Total Assets
$602,542
Net Assets
$434,491
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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
1997
Legal Domicile
FL
Phone
3052455810
Tax Period
2024-07-01 to 2025-06-30

La Salle Educational Center Homestead Inc, founded in 1997, is a small nonprofit in the Education sector that reported $322K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $740K exceeded revenue, resulting in a 130% operating deficit.

Mission

To provide after school educational and vocational training to the low-income migrant worker community

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $315,078
Program Service Revenue $0
Investment Income $0
Other Revenue $7,071
TOTAL REVENUE $322,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $391,549
Fundraising Expenses $25,719
Program Expenses $476,528
Other Expenses $323,208
TOTAL EXPENSES $740,476

Year-over-Year Comparison

2024 2023 Change
Revenue $322,149 $995,096 -0.7%
Expenses $740,476 $70,624 +9.5%
Net Income $-418,327 $924,472 -1.5%
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

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Governance

Voting Members
12
Independent Members
11
Employees
8
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
0
$0
Total Directors
12
$120,192
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCARAMUZZO II President 40.00
Director
$120,192 $0 $120,192
BENJAMIN VENTRESCA Chairman 0.00
Director
$0 $0 $0
FR D RYAN SAUNDERS Trustee 0.00
Director
$0 $0 $0
BR JOSEPH JULIANO FSC Secretary 0.00
Director
$0 $0 $0
BR TIMOTHY FROEHLICH FSC Trustee 0.00
Director
$0 $0 $0
Br Robert Schaefer FSC Trustee 0.00
Director
$0 $0 $0
Br FRANK BYRNE FSC Trustee 0.00
Director
$0 $0 $0
JAMES LOGAN Trustee 0.00
Director
$0 $0 $0
GRACE VELOZ Trustee 0.00
Director
$0 $0 $0
FR JOSE' JOAQUIN ESPINO Trustee 0.00
Director
$0 $0 $0
GISELA CASTRO Trustee 0.00
Director
$0 $0 $0
RODOLFO VALDES-DIAZ Trustee 0.00
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 $322,149 $740,476 $602,542 $-418,327
2024 $995,096 $70,624 $929,518 $924,472
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