LATINO EDUCATIONAL TRAINING INSTITUTE

EIN: 753252857 501(c)(3) Education

LYNNWOOD, WA

Total Revenue
$6,047,602
Total Expenses
$1,943,988
Total Assets
$5,549,130
Net Assets
$4,687,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WA
Principal Officer
ROSARIO REYES
Phone
4256724255
Tax Period
2024-01-01 to 2024-12-31

LATINO EDUCATIONAL TRAINING INSTITUTE, founded in 1989, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2024. Revenue surged 325% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 68% operating margin.

Mission

OUR MISSION IS TO FACILITATE THE PERSONAL AND FINANCIAL SUCCESS OF SPANISH SPEAKING AND BILINGUAL PERSONS AND INSPIRE LATINOS TO PURSUE THEIR DREAMS AND BECOME LEADERS IN THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $390,302

BASIC NEEDS PROGRAMS INCLUDING: RENTAL RENTAL ASSISTANCE, PROMOTORAS/COMMUNITY VOLUNTEER-ADVOCATES PROGRAM, HOUSING JUSTICE PROJECT LEGAL CLINIC, FOOD BANK DISTRIBUTION, NOURISHING NEIGHBORS...

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BASIC NEEDS PROGRAMS INCLUDING: RENTAL RENTAL ASSISTANCE, PROMOTORAS/COMMUNITY VOLUNTEER-ADVOCATES PROGRAM, HOUSING JUSTICE PROJECT LEGAL CLINIC, FOOD BANK DISTRIBUTION, NOURISHING NEIGHBORS "BREAKFAST 4 ALL KIDS" CAMPAIGN, WIRFRENTAL ASSISTANCE-LETI IS SUBCONTRACTED BY VOLUNTEERS OF AMERICA AS A BY AND FOR PARTNER TO HELP SPANISH SPEAKING COMMUNITY MEMBERS APPLY FOR RENT ASSISTANCE.PROMOTORAS/COMMUNITY VOLUNTEER-ADVOCATES PROGRAM -WELL-TRAINED SPANISH-SPEAKING PROMOTERS WILL REACH OUT TO COMMUNITY MEMBERS TO EDUCATE, RECRUIT, SCHEDULE, AND MOST IMPORTANTLY, ASSIST IN COMPLETING THE APPLICATIONS OR FORMS REQUIRED TO ACCESS CRITICAL COVID TESTING/VACCINES AND FAMILY SUPPORT RESOURCES.HOUSING JUSTICE PROJECT LEGAL CLINIC PROVIDES LEGAL SERVICES AND RESOURCES TO STRUGGLING RESIDENTS WITHIN SNOHOMISH COUNTY DEALING WITH VARIOUS HOUSING ISSUES.FOOD BANK DISTRIBUTION INCLUDING 899 GROCERY ORDERS PLACED AND DISTRIBUTED IN 2025.NOURISHING NEIGHBORS "BREAKFAST 4 ALL KIDS" CAMPAIGN PROVIDES FOOD AND GIFT CARDS TO NUMEROUS LOW-INCOME FAMILIES.WA IMMIGRANT RELIEF FUND PROGRAM ASSISTS THE COMMUNITY BY DISSEMINATING INFORMATION ON PROGRAM OPPORTUNITY AND QUALIFICATIONS

Program 2
Expenses: $334,832

HEALTH AND WELLNESS PROGRAMS INCLUDING:TOTAL WELLNESS OF LATINO WOMEN-ALLOWS PARTICIPANTS TO CONNECT WITH A LETI STAFF MEMBER WEEKLY WHILE LEARNING ABOUT ALL THE RESOURCES AVAILABLE IN THE...

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HEALTH AND WELLNESS PROGRAMS INCLUDING:TOTAL WELLNESS OF LATINO WOMEN-ALLOWS PARTICIPANTS TO CONNECT WITH A LETI STAFF MEMBER WEEKLY WHILE LEARNING ABOUT ALL THE RESOURCES AVAILABLE IN THE COMMUNITY.LETI CHILD CARE CIRCLES-THIS PROGRAM AIMS TO CREATE A COHORT OF 8-9 LATINO MOTHERS NEEDING PRE-K CHILDCARE SERVICES.ADVANCING HEALTH LITERACY COVID-19 RELATED PROGRAMS/SERVICES AIMS TO BETTER UNDERSTAND THE BARRIERS TO THE HEALTH COMMUNITY MEMBERS THROUGH SCIENTIFICALLY DESIGNED COMMUNITY SURVEYS IN MULTIPLE LANGUAGES, APPROPRIATE TRAINING AND INTERVENTIONS, AND ONGOING WORK TO INCREASE AWARENESS OF OPTIMAL RESOURCES, TESTING, AND VACCINES FOR COVID-19.VACCINE ACCESS SUPPORT SERVICES AND OUTREACH-THIS PROGRAM INITIATIVE ASSISTS FAMILIES IN AND AROUND SNOHOMISH AND SKAGIN COUNTIES WITH RESOURCE NVIGATION AND HEALTH INFORMATION TO PROMOTE THE COVID-19 VACCINE.LETI CAFE IS A BUSINESS ENTREPRENEURSHIP PROGRAM FOR LATINO WOMEN LIVING IN SNOHOMISH COUNTY, WHICH HAS BEEN DEVELOPING FOR THE PAST FIVE YEARS, TURNING INTO LETI'S LARGEST ONGOING PROGECT. THE SPECIFIC EMPHASIS IS TO IMPROVE THE MENTAL, PHYSICAL, AND FINANCIAL HEALTH OF LOCAL LATINAS AND THEIR FAMILIES BY SHARING CULTURE THROUGH FOOD.

Program 3
Expenses: $563,225

EDUCATIONAL PROGRAMS INCLUDING GED CLASSES OFFERED IN SPANISH, ENGLISH CONVERSION CLASSES, INTRODUCTION TO COLLEGE AND TECHNOLOGY, LEARN TO SURF THE INTERNET WORKSHOPS, ENTREPRENEURIAL LEADERSHIP AND...

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EDUCATIONAL PROGRAMS INCLUDING GED CLASSES OFFERED IN SPANISH, ENGLISH CONVERSION CLASSES, INTRODUCTION TO COLLEGE AND TECHNOLOGY, LEARN TO SURF THE INTERNET WORKSHOPS, ENTREPRENEURIAL LEADERSHIP AND BUSINESS DEVELOPMENT WORKSHOPS, LATINO LEADERSHIP INITIATIVE, VOCATIONAL SCHOOL OFFERING LONG AND SHORT TERM CERTIFICATIONS, SAFETY AND HEALTH INVESTMENT PROJECTS, AND BASIC COMPUTER CLASSES AND ZOOM WORKSHOPS.

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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 $5,948,137
Program Service Revenue $0
Investment Income $1
Other Revenue $99,464
TOTAL REVENUE $6,047,602

Expense Breakdown

Grants Paid $189,705
Salaries & Benefits $849,769
Fundraising Expenses $33,802
Program Expenses $1,327,987
Other Expenses $904,514
TOTAL EXPENSES $1,943,988

Year-over-Year Comparison

2024 2023 Change
Revenue $6,047,602 $1,423,617 +3.2%
Expenses $1,943,988 $1,293,340 +0.5%
Net Income $4,103,614 $130,277 +30.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
N/A
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
1
$61,253
Total Directors
13
$186,606
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSARIO REYES PRESIDENT 5.00
Officer Director
$61,253 $0 $61,253
MEL COSSETTE VICE PRESIDENT 1.15
Director
$0 $0 $0
ALFREDO CHANCCO WEB ADMINISTRATOR 0.23
Director
$0 $0 $0
GISELLE ZAPATA-GARCIA DIRECTOR 0.48
Director
$0 $0 $0
ORLANDO MACIAS DIRECTOR 0.38
Director
$0 $0 $0
SALLY GUZMAN DIRECTOR 0.48
Director
$0 $0 $0
JANETTE GARCIA LEAD SOCIAL WORKER 0.50
Director
$0 $0 $0
ANTHONY GROMKO DIRECTOR 0.50
Director
$0 $0 $0
ANNA T AVARY DIRECTOR 0.50
Director
$0 $0 $0
KARLA ADRIANA RIOS SCHOOL COUNSELOR 0.67
Director
$0 $0 $0
CHRISTINA TOVAR-HAMERNIK NON-PROFIT AND DIVERSITY CONSULTANT 3.37
Director
$0 $0 $0
MARISOL L BEJARANO DIRECTOR OF HEALTH AND WELLNESS PROGRAMS 5.00
Director
$62,180 $0 $62,180
THOMAS D LAING DIRECTOR OF OPERATIONS 5.00
Director
$63,173 $0 $63,173
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 $6,047,602 $1,943,988 $5,549,130 $4,103,614
2023 $1,423,617 $1,293,340 $1,856,607 $130,277
2022 $990,318 $920,121 $1,585,038 $70,197
2021 $929,783 $777,545 $1,306,481 $152,238
2020 $556,103 $398,259 $337,030 $157,844
2019 $241,794 $176,603 $85,389 $65,191
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