LA FE PREPARATORY SCHOOL INC FKA LA FE COMMUNITY DEVELOPMENT CORPORATION

EIN: 742991952 501(c)(3) Community Improvement

EL PASO, TX

Total Revenue
$3,208,875
Total Expenses
$2,952,935
Total Assets
$2,361,589
Net Assets
$1,217,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Phone
9155347979
Tax Period
2024-09-01 to 2025-08-31

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 $3.2M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 8% surplus.

Mission

TO CREATE AND PROMOTE A BILINGUAL AND MULTICULTURAL LEARNING ENVIRONMENT THAT WILL EMPOWER CHILDREN TO ACHIEVE THE HIGHEST LEVELS OF ACADEMIC, ARTISTIC, PHYSICAL, AND SOCIAL WELL-BEING BY INSTILLING CONFIDENCE AND A JOY FOR LEARNING. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Program Service Accomplishments

Program 1
Expenses: $1,747,059 Revenue: $7,166

LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN...

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LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.

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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 $3,191,514
Program Service Revenue $7,166
Investment Income $10,195
Other Revenue $0
TOTAL REVENUE $3,208,875

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,065,192
Fundraising Expenses $0
Program Expenses $1,747,059
Other Expenses $887,743
TOTAL EXPENSES $2,952,935

Year-over-Year Comparison

2024 2023 Change
Revenue $3,208,875 $2,936,960 +0.1%
Expenses $2,952,935 $3,072,387 0.0%
Net Income $255,940 $-135,427 -2.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
Employees
50
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
3
$478,917
Total Directors
5
$478,917
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucy M Rodarte Chief Financial Officer 10.0
Officer Director
$0 $15,059 $162,955
Robert Gonzales COO/President 5.0
Officer Director
$0 $2,766 $71,374
Salvador Balcorta Chief Executive Officer 5.0
Officer Director
$0 $17,922 $244,588
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
2025 $3,208,875 $2,952,935 $2,361,589 $255,940
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
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