LA MERCED CHARITABLE TRUST (EIN 741617905) - 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

1968

Legal Domicile

Principal Officer

JOEL RUIZ

Phone

9565652622

Tax Period

2021-03-01 to 2022-02-28

LA MERCED CHARITABLE TRUST, founded in 1968, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2021. Revenue surged 413% from the prior year, signaling strong growth momentum. Expenses of $5.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE 100 HOMES FOR LOW AND MODERATE INCOME FAMILIES UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, REGULATED BY HUD.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $459,655

Investment Income $4,034,454

Other Revenue $4,810

TOTAL REVENUE $4,498,919

Expense Breakdown

Grants Paid $4,926,142

Salaries & Benefits $133,886

Fundraising Expenses $0

Program Expenses $5,234,027

Other Expenses $492,600

TOTAL EXPENSES $5,552,628

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,498,919	$877,461	+4.1%
Expenses	$5,552,628	$796,588	+6.0%
Net Income	$-1,053,709	$80,873	-14.0%

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

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

$65,940

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAQUEL TURRUBIATES	INTERIM COORDINATOR	20.0	Key Emp	$8,750	$0	$65,940
Rev Eduardo Ortega	Trustee	1.0	Director	$0	$0	$0
Linda V Alaniz	VICE-CHAIRPERSON	1.0	Officer Director	$0	$0	$0
Jose L Gonzalez	Chairman	1.0	Officer Director	$0	$0	$0
Ricardo Garcia	Trustee	1.0	Director	$0	$0	$0
Bishop Mario Aviles	Trustee	1.0	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
2022	$4,498,919	$5,552,628	$813,196	$-1,053,709
2021	$877,461	$796,588	$1,871,571	$80,873
2020	$1,147,266	$1,133,414	$1,789,592	$13,852
2019	$1,439,549	$1,574,076	$1,882,949	$-134,527

LA MERCED CHARITABLE TRUST