LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC (EIN 872679293) - 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

2021

Legal Domicile

Principal Officer

NYDIA MARTINEZ

Phone

6083104573

Tax Period

2023-01-01 to 2023-12-31

LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC, founded in 2021, is a community nonprofit in the Employment sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.3M left a modest 15% surplus.

Mission

TO STRENGTHEN DIVERSE COMMUNITIES BY PROVIDING LINGUISTICALLY AND CULTURALLY COMPETENT ADULT EDUCATION PROGRAMMING THAT ADVANCES OPPORTUNITIES TO ENSURE THAT INDIVIDUALS AND FAMILIES THRIVE SOCIALLY, ECONOMICALLY, AND CIVICALLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,436,679

Program Service Revenue $32,516

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,469,195

Expense Breakdown

Grants Paid $123,977

Salaries & Benefits $500,306

Fundraising Expenses $40,618

Program Expenses $1,143,070

Other Expenses $628,645

TOTAL EXPENSES $1,252,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,469,195	$1,595,367	-0.1%
Expenses	$1,252,928	$842,043	+0.5%
Net Income	$216,267	$753,324	-0.7%

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

$91,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIVA BIDAR-SIELAFF	PRESIDENT	2.50	Officer Director	$0	$0	$0
BRENDA GONZALEZ	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
NETZAHUALCOYOTL SMITH	TREASURER	2.50	Officer Director	$0	$0	$0
DENA GULLICKSON	SECRETARY	2.50	Officer Director	$0	$0	$0
SALVADOR L CARRANZA	MEMBER	2.50	Director	$0	$0	$0
ELIZABETH RODDY	MEMBER	2.50	Director	$0	$0	$0
DARYLL MORIN	MEMBER	2.50	Director	$0	$0	$0
CHRISTOPHER T SCHMIDT	MEMBER	2.50	Director	$0	$0	$0
KEVIN FOLEY	MEMBER	2.50	Director	$0	$0	$0
AMPARO MORENA	MEMBER	2.50	Director	$0	$0	$0
BALTAZAR DE ANDA SANTANA	EXECUTIVE DIRECTOR	40.00	Officer	$83,506	$7,763	$91,269

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	No data	No data	No data	No data
2023	$1,469,195	$1,252,928	$1,144,195	$216,267
2022	$1,595,367	$842,043	$840,192	$753,324

LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC