LACO ELEC INC

EIN: 951474820

PASADENA, CA

Total Revenue
$-176,435
Total Expenses
$4,038,481
Total Assets
N/A
Net Assets
N/A
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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
1947
Legal Domicile
CA
Principal Officer
ROBERT CORONA
Phone
6262439700
Tax Period
2023-10-01 to 2024-09-30

LACO ELEC INC, founded in 1947, is a micro nonprofit that reported $176K in total revenue in fiscal year 2023. Revenue fell 323% from the prior year — a significant decline worth monitoring.

Mission

TITLE-HOLDING ENTITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-176,435
Other Revenue $0
TOTAL REVENUE $-176,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,038,481
TOTAL EXPENSES $4,038,481

Year-over-Year Comparison

2023 2022 Change
Revenue $-176,435 $79,098 -3.2%
Expenses $4,038,481 $3,000,155 +0.3%
Net Income $-4,214,916 $-2,921,057 +0.4%
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
12
Independent Members
4
Employees
N/A
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
10
$2,170,128
Total Directors
20
$2,666,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL BARTON BUS. MAN./FIN SEC - PAST 1.0
Officer Director
$0 $70,273 $365,535
GAYLORD ROTEN PRESIDENT - PAST 1.0
Officer Director
$0 $70,273 $308,999
ROBERT CORONA BUSINESS MANAGER/FINANCIAL SEC 1.0
Officer Director
$0 $70,273 $305,383
ALTON WILKERSON PRESIDENT 1.0
Officer Director
$0 $70,273 $280,494
ERIC BROWN VICE PRESIDENT - PAST 1.0
Officer Director
$0 $70,273 $266,707
CHRISTINE AUSTRIA-LOZOYA RECORDING SECR - PAST 1.0
Officer Director
$0 $70,273 $265,154
BENJAMIN FRANK TRUSTEE - PAST 3.0
Director
$0 $70,273 $265,058
GARY TOMLIN TREASURER 3.0
Officer Director
$0 $70,273 $262,132
CRYSTAL HERRERA TRUSTEE - PAST 1.0
Director
$0 $40,807 $154,209
KELLY OLIVER VICE PRESIDENT 3.0
Officer Director
$0 $46,849 $115,724
JOHN HARRIEL JR TRUSTEE 1.0
Director
$0 $3,356 $15,423
MICHAEL HAWKINS TRUSTEE 1.0
Director
$0 $3,617 $12,953
GUSTAVO ALFARO TRUSTEE 1.0
Director
$0 $3,501 $12,533
DIEGO GOMEZ TRUSTEE - PAST 1.0
Director
$0 $3,443 $12,323
Shawn McDonald TRUSTEE 1.0
Director
$0 $3,443 $12,323
ARMANDO GUTIERREZ TRUSTEE 1.0
Director
$0 $3,240 $11,595
JAIME SANCHEZ TREASURER 1.0
Officer Director
$0 $0 $0
IRENE VALENZUELA RECORDING SECRETARY 1.0
Officer Director
$0 $0 $0
ANTHY V HADJIMARKOS TRUSTEE 1.0
Director
$0 $0 $0
DAVION DARDEN TRUSTEE 1.0
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 $-176,435 $4,038,481 No data $-4,214,916
2023 $79,098 $3,000,155 $3,792,390 $-2,921,057
2022 $202,316 $3,353,949 $6,676,848 $-3,151,633
2021 $313,287 $710,888 $10,349,930 $-397,601
2020 $9,576,308 $821,235 $10,676,263 $8,755,073
2019 $337,157 $1,414,198 $2,009,438 $-1,077,041
2018 $370,221 $1,009,746 $2,210,486 $-639,525
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