LATINO LEGACY FOUNDATION 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

2020

Legal Domicile

Principal Officer

MARIA VELASQUEZ

Phone

6199307246

Tax Period

2024-07-01 to 2025-06-30

LATINO LEGACY FOUNDATION INC, founded in 2020, is a small nonprofit that reported $306K in total revenue in fiscal year 2024. Revenue surged 1258% from the prior year, signaling strong growth momentum. Expenses of $288K left a modest 6% surplus.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PRESERVE, EDUCATE AND RECOGNIZE THE CONTRIBUTIONS AND ACHIEVEMENTS THAT PEOPLE OF LATINO HERITAGE HAVE MADE AND WILL CONTINUE TO MAKE TO HUMANITY.

Program Service Accomplishments

Program 1

Expenses: $262,404

PRESERVE OUR REGIONS HISTORY, EDUCATE AND RECOGNIZE CONTRIBUTIONS OF THE LATINO COMMUNITY VIA ONLINE MULTIMEDIA PROJECTS WITH MORE THAN 40 ORAL VIDEO HISTORIES AND TIMELINE CHRONICLING OUR NATIONAL, REGION AND LOCAL SIGNIFICANT EVENTS. ABOUT 1100 MONTHLY UNIQUE VISITORS TO OUR WEBSITE. A RESOURCE TOOL FOR TEACHERS AND PARENTS. STORYTELLERS SERIES, WHICH COMPLIMENTS OUR ONLINE PROJECT, HIGHLIGHTING STORYTELLERS IN OUR COMMUNITY WHO HAVE MADE CONTRIBUTIONS TO OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $306,440

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $306,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,404

Other Expenses $288,269

TOTAL EXPENSES $288,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,440	$22,563	+12.6%
Expenses	$288,269	$22,208	+12.0%
Net Income	$18,171	$355	+50.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA VELASQUEZ	PRESIDENTCHAIR	40.00	Officer Director	$0	$0	$0
RICHARD YBARRA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICARDO FLORES	SECRETARY AND TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD LOPEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MARIA NIETO SENOUR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE SALDAMANDO	BOARD MEMBER	1.00	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	$306,440	$288,269	$229,351	$18,171
2023	$6,108	$22,200	$501,681	$-16,092