LATINO ECONOMIC DEVELOPMENT CORPORATION (EIN 881698006) - 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

2022

Legal Domicile

Principal Officer

ANDREW MELENDEZ

Phone

4132722200

Tax Period

2024-07-01 to 2025-06-30

LATINO ECONOMIC DEVELOPMENT CORPORATION, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $825K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum.

Mission

MOBILIZING COMMUNITY RESOURCES TO ASSIST THOSE IN NEED IN THE 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 $793,259

Program Service Revenue $0

Investment Income $0

Other Revenue $31,971

TOTAL REVENUE $825,230

Expense Breakdown

Grants Paid $189,900

Salaries & Benefits $124,884

Fundraising Expenses $0

Program Expenses $730,957

Other Expenses $534,818

TOTAL EXPENSES $849,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$825,230	$427,217	+0.9%
Expenses	$849,602	$473,942	+0.8%
Net Income	$-24,372	$-46,725	-0.5%

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

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
DANIEL KNAPIK	CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
NORMAN ROLDAN	PRESIDENT (AS OF 03/25)	1.00	Officer Director	$0	$0	$0
BETH CHAGUE	TREASURER	1.00	Officer Director	$0	$0	$0
JOSE CLAUDIO	TREASURER (AS OF 03/25)	1.00	Officer Director	$0	$0	$0
JOESIAH GONZALEZ	CLERK (AS OF 03/25)	1.00	Officer Director	$0	$0	$0
JORGE COLON	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA MARTINEZ	DIRECTOR	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	$825,230	$849,602	$636,488	$-24,372
2024	$427,217	$473,942	$455,053	$-46,725

LATINO ECONOMIC DEVELOPMENT CORPORATION