ALTCAP CALIFORNIA

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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

DAVID DESAI-RAMIREZ

Phone

3108746233

Tax Period

2024-01-01 to 2024-12-31

ALTCAP CALIFORNIA, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 1437% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.3M, a strong 72% operating margin.

Mission

To be a catalyst for investment in Los Angeles metropolitan communities throught innovative financial products, targeted economic and community development programming, and the development of strategic partnerships that promote community collaboration and capacity building.

Program Service Accomplishments

Program 1

Expenses: $925,215 Revenue: $719,528

IN 2024 THE ORGANIZATION CONTINUED TO DEPLOY NEEDED FINANCING TO UNDERSERVED AND OVERLOOKED ENTREPRENEURS. THE ORGANIZATION WAS ABLE EXPAND ITS REACH TO MORE COMMUNITIES AND SERVE MORE ENTREPRENEURS, PROVIDING ACCESS TO CAPITAL TO SUPPORT NEW, SMALL BUSINESS CREATION AS WELL AS SUPPORT THE GROWTH OF EXISTING SMALL BUSINESSES. IN ADDITION TO SMALL BUSINESS AND MICRO LOANS, THE ORGANIZATION INCREASED THE AVAILABILITY, ACCESSIBILITY AND FLEXIBILITY OF ITS CAPITAL BY OFFERING REVENUE-BASED FINANCING LOANS TO ENTREPRENEURS. WE DEPLOYED OVER 4MILLION TO MINORITY ENTREPRENEURS IN SOUTHERN CALIFORNIA.

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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 $3,859,612

Program Service Revenue $719,528

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,579,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,678

Fundraising Expenses $92,413

Program Expenses $925,215

Other Expenses $803,205

TOTAL EXPENSES $1,303,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,579,140	$297,922	+14.4%
Expenses	$1,303,883	$747,672	+0.7%
Net Income	$3,275,257	$-449,750	-8.3%

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

$247,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RAMIREZ	PRESIDENT	040.00	Officer	$0	$43,100	$247,880
JACQUELYN JONES	CHAIR	040.00	Officer Director	$0	$0	$0
DANIEL FERNANDEZ	TREASURER	001.50	Officer Director	$0	$0	$0
RUBEN ALONSO III	SECRETARY	001.50	Officer Director	$0	$0	$0
TERRA NEILSON	VICE PRESIDENT	001.50	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
2024	$4,579,140	$1,303,883	$10,718,598	$3,275,257
2023	$297,922	$747,672	$4,843,341	$-449,750
2022	$1,369,474	$344,474	$1,025,000	$1,025,000