SPRINGFIELD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO DEVELOP AND SUPPORT LATINO BUSINESSES IN MASSACHUSETTS; TO PROMOTE AND SUPPORT THE ECONOMIC, CIVIC AND SOCIALWELFARE OF THE LATINO COMMUNITY IN MASSACHUSETTS; TO PROMOTE AND SUPPORT ECONOMIC GROWTH BUSINESS DEVELOPMENTIN THE LATINO COMMUNITY IN MASSACHUSETTS; TO ENGAGE IN ANY OTHER CIVIC, EDUCATIONAL, CHARITABLE OR BENEVOLENTACTIVITY PERMITTED UNDER THE PROVISIONS OF CHAPTER 180 OF THE GENERAL LAW OF THE COMMONWEALTH.
LATINO ECONOMIC DEVELOPMENT CORPORATION (LEDC) CREATED AND LAUNCHED A MINI GRANT PROGRAM THATPROVIDED DIRECT FINANCIAL SUPPORT TO DOZENS OF SMALL BUSINESSES, HELPING STRENGTHEN OPERATIONS...
LATINO ECONOMIC DEVELOPMENT CORPORATION (LEDC) CREATED AND LAUNCHED A MINI GRANT PROGRAM THATPROVIDED DIRECT FINANCIAL SUPPORT TO DOZENS OF SMALL BUSINESSES, HELPING STRENGTHEN OPERATIONS, RETAINJOBS, AND EXPAND ECONOMIC OPPORTUNITIES THROUGHOUT THE COMMUNITY. THROUGH THIS INITIATIVE AND RELATEDPROGRAMMING, LEDC HAS SUPPORTED HUNDREDS OF ENTREPRENEURS, WORKERS, YOUTH, AND FAMILIES ACROSS THEREGION.IN ADDITION TO GRANT FUNDING, LEDC DELIVERED EXTENSIVE ONE-ON-ONE BUSINESS COACHING AND TECHNICALASSISTANCE TO ENTREPRENEURS AND STARTUP BUSINESSES, HELPING GUIDE BUSINESS PLANNING, FINANCIAL LITERACY,MARKETING, COMPLIANCE, AND LONG-TERM SUSTAINABILITY. THESE SERVICES EMPOWERED BUSINESS OWNERS WITHTHE TOOLS AND MENTORSHIP NEEDED TO GROW AND CREATE ADDITIONAL EMPLOYMENT OPPORTUNITIES.LEDC ALSO HOSTED LARGE-SCALE BUSINESS SUMMITS, NETWORKING EVENTS, WORKFORCE DEVELOPMENT TRAININGS,AND YOUTH ENGAGEMENT INITIATIVES THAT COLLECTIVELY IMPACTED HUNDREDS OF INDIVIDUALS. PROGRAMS FOCUSEDON ENTREPRENEURSHIP, CAREER READINESS, WORKFORCE EXPOSURE, LEADERSHIP DEVELOPMENT, AND HANDS-ONLEARNING OPPORTUNITIES FOR YOUTH AND YOUNG ADULTS, HELPING CONNECT PARTICIPANTS TO EMPLOYMENTPATHWAYS, MENTORSHIP, AND ECONOMIC MOBILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $825,230 | $849,602 | $636,488 | $-24,372 |
| 2024 | $427,217 | $473,942 | $455,053 | $-46,725 |
Compare LATINO ECONOMIC DEVELOPMENT CORPORATION with other nonprofits in Massachusetts and across the country.