LATINO ACADEMY OF WORKFORCE DEVELOPMENT INC

EIN: 872679293 501(c)(3) Employment

MADISON, WI

Total Revenue
$1,469,195
Total Expenses
$1,252,928
Total Assets
$1,144,195
Net Assets
$883,441
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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
WI
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.

Program Service Accomplishments

Program 1
Expenses: $201,234 Revenue: $21,394

GENERAL EDUCATION PROGRAMMING CLASSES TAUGHT THROUGHOUT SPRING, SUMMER, AND FALL SEMESTERS THAT INCLUDE SPANISH GED/HSED AND PRE-GED, SPANISH ADULT BASIC EDUCATION, ENGLISH AS A SECOND LANGUAGE...

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GENERAL EDUCATION PROGRAMMING CLASSES TAUGHT THROUGHOUT SPRING, SUMMER, AND FALL SEMESTERS THAT INCLUDE SPANISH GED/HSED AND PRE-GED, SPANISH ADULT BASIC EDUCATION, ENGLISH AS A SECOND LANGUAGE, DIGITAL SKILLS LITERACY, AND FINANCIAL EDUCATION COURSES.

Program 2
Expenses: $89,380

LEADERSHIP & WELLNESS PROGRAMMING PROGRAM INCLUDES WOMEN'S DEVELOPMENT CAREER SERIES, BILINGUAL LEADERSHIP ACADEMY, AND NUTRITION, MINDFULNESS, MENTAL HEALTH, AND MENTORSHIP CLASSES.

Program 3
Expenses: $643,984 Revenue: $11,122

WORKFORCE PROGRAMMING TRAININGS INCLUDE COMMERCIAL DRIVERS LICENSE PROGRAMMING AND MANUFACTURING, CONSTRUCTION, INFORMATION TECHNOLOGY, AND EARLY CHILDHOOD EDUCATION LESSONS.

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
60

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
5
$91,269
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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