LATSE INC

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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

2018

Legal Domicile

Principal Officer

ERIC COLOMBEL

Phone

2123678490

Tax Period

2020-01-01 to 2020-12-31

LATSE INC, founded in 2018, is a small nonprofit that reported $702K in total revenue in fiscal year 2020. Expenses of $798K exceeded revenue, resulting in a 14% operating deficit.

Mission

LATSE, INC. WAS ORGANIZED FOR PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE, EDUCATIONAL, SCIENTIFIC, RELIGIOUS AND LITERARY WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. SPECIFICALLY, THE CHARITY WAS FORMED FOR THE PURPOSES OF (I) SUPPORTING ACCESS TO KNOWLEDGE, INCLUDING THE SUPPORT, DEVELOPMENT, AND DISTRIBUTION OF TIBETAN LANGUAGE AND REFERENCE RESOURCES THROUGH ONLINE CATALOGS, DIGITIZING COLLECTIONS, AND CREATING RESOURCE GUIDES AND ONLINE GALLERIES, (II) SUPPORTING EARLY CHILDHOOD EDUCATION FOR TIBETAN COMMUNITIES, INCLUDING THE PROMOTION OF TIBETAN LANGUAGE USE AND CULTURAL LITERACY, AND SUPPORT OF THE RESEARCH AND DEVELOPMENT OF RELEVANT TOOLS AND RESOURCES BY COORDINATING MOBILE LIBRARY PROGRAMS AND MICRO-LIBRARIES, BOOK CLUBS AND WORKSHOPS FOR PARENTS AND TEACHERS ON EARLY CHILDHOOD READING AND CULTURAL LITERACY, (III) ESTABLISHING PLATFORMS, TOOLS, AND RESOURCES FOR THE PROMOTION OF LITERACY IN TIBETAN LANGUAGE FOR ALL GENERATIONS, IN

Program Service Accomplishments

Program 1

Expenses: $53,472

IN 2020 LATSE, INC. MADE THE FOLLOWING CHARITABLE CONTRIBUTIONS: A GRANT OF $10,000 TO TIBET HERITAGE FUND. TO PRESERVE TRADITIONAL CRAFTS IN TIBETAN AND HIMALAYA REGIONS. A GRANT OF $3,990 TO TIBET ARTS & LITERATURE INITIATIVE. TO BE USED FOR THE CREATION OF PRINTABLE SETS OF ACTIVITIES TO ACCOMPANY THE TIBETAN LANGUAGE KINDERGARTEN TEXTBOOK. A SCHOLARSHIP OF $39,482 TO TWO INDIVIDUALS TO SUPPORT EDUCATION.

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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 (2020)

Revenue Breakdown

Contributions & Grants $701,844

Program Service Revenue $0

Investment Income $0

Other Revenue $306

TOTAL REVENUE $702,150

Expense Breakdown

Grants Paid $53,472

Salaries & Benefits $606,123

Fundraising Expenses $0

Program Expenses $618,844

Other Expenses $138,220

TOTAL EXPENSES $797,815

Year-over-Year Comparison

	2020	2019	Change
Revenue	$702,150	$681,927	+0.0%
Expenses	$797,815	$586,415	+0.4%
Net Income	$-95,665	$95,512	-2.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTINA DY-LIACCO	MANAGING DIRECTOR	40.0	Highest	$160,800	$2,814	$163,614
PEMA BHUM	Programs Director	40.0	Highest	$156,600	$2,814	$159,414
TENZIN GELEK	PROGRAM OFFICER/PROJECT COORD	40.0	Highest	$134,400	$4,614	$139,014
ERIC COLOMBEL	DIRECTOR/SECRETARY/TREASURER	0.0	Officer Director	$0	$0	$0
PAOLA VANZO	DIRECTOR	0.0	Director	$0	$0	$0
JANET GYATSO	DIRECTOR	0.0	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
2020	$702,150	$797,815	No data	$-95,665
2019	$681,927	$586,415	$105,465	$95,512