LATONA SCHOOL ASSOCIATES

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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

1996

Legal Domicile

Principal Officer

Nicholas Barrat

Tax Period

2024-07-01 to 2025-06-30

LATONA SCHOOL ASSOCIATES, founded in 1996, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 9% surplus.

Mission

The LSA mission is to create a learning environment, in partnership with the parents and John Stanford International School that respects and honors the whole child, fosters social skill development and growth and provides experiential learning opportunities in a safe, engaging and culturally inclusive manner.

Program Service Accomplishments

Program 1

Expenses: $969,343 Revenue: $1,129,092

LATONA SCHOOL ASSOCIATES LSA is an afterschool program that provides care for children at John Stanford International School. With a daily capacity of 159 children, we offer grade-specific classrooms where we emphasize social and emotional development through engaging, play-based learning. In addition to our regular afterschool program, we host all-day camps during school breaks and holidays, ensuring continuous support and enrichment.

Program 2

Expenses: $178,942 Revenue: $169,004

During the summer, LSA expands its offerings with 8 weeks of full-day camps, running from 8 am to 5 pm. These camps serve around 90 children daily and feature a theme-based curriculum. Our primary...

During the summer, LSA expands its offerings with 8 weeks of full-day camps, running from 8 am to 5 pm. These camps serve around 90 children daily and feature a theme-based curriculum. Our primary focus remains on fostering social and emotional growth while introducing children to new learning opportunitesand exciting field trips.

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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 $44,178

Program Service Revenue $1,298,096

Investment Income $1,719

Other Revenue $0

TOTAL REVENUE $1,343,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,162

Fundraising Expenses $0

Program Expenses $1,148,285

Other Expenses $163,318

TOTAL EXPENSES $1,228,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,343,993	$1,231,233	+0.1%
Expenses	$1,228,480	$1,223,873	+0.0%
Net Income	$115,513	$7,360	+14.7%

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

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

Total Directors

Key Employees

$91,591

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Sullivan	Executive Director	040.00	Key Emp Highest	$91,591	$0	$91,591
Paul Shin	Director	001.00	Director	$0	$0	$0
Miguel Mojica	Vice President	002.00	Officer Director	$0	$0	$0
Angel Gonzalez	Director	001.00	Director	$0	$0	$0
Nick Barrat	President	002.00	Officer Director	$0	$0	$0
Mark Salasa	Treasurer	002.00	Officer Director	$0	$0	$0
Ada Kaliszewski	Director	001.00	Director	$0	$0	$0
Ira Palmer	Vice President	002.00	Officer Director	$0	$0	$0
Megan Dulgar	Director	001.00	Director	$0	$0	$0
Ben Enfield	Secretary	002.00	Officer Director	$0	$0	$0
Bill Craven	Director	001.00	Director	$0	$0	$0
Cessalee Smith-Stovall	Director	001.00	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	$1,343,993	$1,228,480	$762,733	$115,513
2024	No data	No data	No data	No data
2023	$954,685	$931,083	$619,865	$23,602
2022	$835,412	$767,904	$652,734	$67,508
2021	$930,814	$709,310	$590,515	$221,504
2020	$632,537	$745,762	$489,977	$-113,225