LATINO MUSIC EDUCATION NETWORK (EIN 850798588) - 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

2020

Legal Domicile

Principal Officer

Armando Castellano

Phone

6507042949

Tax Period

2024-07-01 to 2025-06-30

LATINO MUSIC EDUCATION NETWORK, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $291K in total revenue in fiscal year 2024. The organization ran a surplus of $89K, a strong 30% operating margin.

Mission

Our mission is to disrupt racial and economic disparities within the classical music field by championing past present and future contributions by Latino composers and musicians. Our purpose is to promote classical music by Latino and Latin American composers through performances commissions mentoring and child and adult education. Our vision is to expand the boundaries of a classical music tradition commonly perceived as predominantly Western-European by normalizing equity and inclusion in all our work.

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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 $165,616

Program Service Revenue $125,542

Investment Income $0

Other Revenue $0

TOTAL REVENUE $291,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,541

Fundraising Expenses $55,997

Program Expenses $110,188

Other Expenses $25,383

TOTAL EXPENSES $202,424

Year-over-Year Comparison

	2024	2023	Change
Revenue	$291,158	$275,505	+0.1%
Expenses	$202,424	$431,897	-0.5%
Net Income	$88,734	$-156,392	-1.6%

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

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
Marianne LaCrosse	Secretary Treasurer Board of Directors	2.00	Officer Director	$0	$0	$0
Julia Curry Rodriguez	Member Board of Directors	1.00	Director	$0	$0	$0
Karen Cueva	Chair Board of Directors	4.00	Officer 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	$291,158	$202,424	$57,576	$88,734
2024	$275,505	$431,897	$10,425	$-156,392
2023	$395,124	$434,446	$122,560	$-39,322
2022	$253,100	$166,277	$128,901	$86,823

LATINO MUSIC EDUCATION NETWORK