ALTA COMMUNITY INC

EIN: 924018661 501(c)(3) Employment

LOS ANGELES, CA

Total Revenue
$132,641
Total Expenses
$169,252
Total Assets
$26,411
Net Assets
$-36,611
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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
2023
Legal Domicile
CA
Principal Officer
DANIEL PATTERSON
Phone
6108911666
Tax Period
2024-01-01 to 2024-12-31

ALTA COMMUNITY INC, founded in 2023, is a small nonprofit in the Employment sector that reported $133K in total revenue in fiscal year 2024. Expenses of $169K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION SHALL INCLUDE, WITHOUT LIMITATION, TO PROVIDE VOCATIONAL TRAINING IN RESTAURANTS AND ADDRESS FOOD INSECURITY IN UNDERSERVED COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $132,641
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $132,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,318
Fundraising Expenses $0
Program Expenses $169,252
Other Expenses $110,934
TOTAL EXPENSES $169,252

Year-over-Year Comparison

2024 2023 Change
Revenue $132,641 N/A N/A
Expenses $169,252 N/A N/A
Net Income $-36,611 N/A N/A
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
3
Independent Members
3
Employees
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH CORBIN SECRETARY N/A
Officer
$0 $0 $0
DANIEL PATTERSON CEO N/A
Officer
$0 $0 $0
JONATHAN REUBEN CFO N/A
Officer
$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 $132,641 $169,252 $26,411 $-36,611
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