LA FE PREPARATORY SCHOOL INC FKA LA FE COMMUNITY DEVELOPMENT CORPORATION (EIN 742991952) - 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

2001

Legal Domicile

Phone

9155347979

Tax Period

2023-09-01 to 2024-08-31

LA FE PREPARATORY SCHOOL INC FKA LA FE COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

LA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 5TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,917,982

Program Service Revenue $10,343

Investment Income $8,635

Other Revenue $0

TOTAL REVENUE $2,936,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,069,892

Fundraising Expenses $0

Program Expenses $1,838,539

Other Expenses $1,002,495

TOTAL EXPENSES $3,072,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,936,960	$3,057,712	0.0%
Expenses	$3,072,387	$2,670,170	+0.2%
Net Income	$-135,427	$387,542	-1.3%

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

100

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

$483,788

Total Directors

$483,788

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lucy M Rodarte	Chief Financial Officer	10.0	Officer Director	$0	$14,417	$150,004
Robert Gonzales	COO/President	5.0	Officer Director	$0	$11,225	$94,517
Salvador Balcorta	Chief Executive Officer	5.0	Officer Director	$0	$17,851	$239,267
Josefina Tinajero	DIRECTOR	1.0	Director	$0	$0	$0
Luis Gasca	DIRECTOR	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
2024	$2,936,960	$3,072,387	$2,330,871	$-135,427
2023	$3,057,712	$2,670,170	$2,373,572	$387,542
2022	$2,737,517	$2,652,632	$1,798,361	$84,885
2021	$2,611,735	$2,593,507	$1,712,513	$18,228
2020	$2,798,664	$2,758,415	$2,103,358	$40,249
2019	$2,568,588	$2,547,691	$2,266,976	$20,897
2018	$2,690,656	$2,754,106	$2,218,568	$-63,450

LA FE PREPARATORY SCHOOL INC FKA LA FE COMMUNITY DEVELOPMENT CORPORATION