EL PROYECTO DEL BARRIO INC

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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

1971

Legal Domicile

Principal Officer

Corinne Sanchez

Phone

8188103500

Tax Period

2023-10-01 to 2024-09-30

EL PROYECTO DEL BARRIO INC, founded in 1971, is a major nonprofit in the Human Services sector that reported $101.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $87.6M left a modest 13% surplus.

Mission

El Proyecto del Barrio, Inc. provides Health and Human Services in communities with underserved populations.

Program Service Accomplishments

Program 1

Expenses: $67,552,931 Revenue: $67,620,199

HEALTH AND WELLNESS SERVICES. El Proyecto del Barrio, Inc., is a federally qualified health center (FQHC) that operates seven (7) health care facilities throughout Los Angeles County providing its...

HEALTH AND WELLNESS SERVICES. El Proyecto del Barrio, Inc., is a federally qualified health center (FQHC) that operates seven (7) health care facilities throughout Los Angeles County providing its patients primary health care, dental care, OB care, and HIV care. El Proyecto rendered close to 220,000 healthcare visit for the year. In addition, El Proyecto operates a managed care network providing its members specialty care, emergency care services, and ancillary services (labs, pharmacy, and radiology). El Proyecto ended the fiscal year with 46,000 members. Lastly, El Proyecto operates a program to treat alcohol abuse and other substance use disorders and rendered over 22,000 outpatient visits for the year.

Program 2

Expenses: $9,634,724 Revenue: $9,812,131

EMPLOYMENT AND JOB TRAINING SERVICES. El Proyecto operates an Adult WorkSource Center in Sun Valley and four (4) YouthSource Centers throughout the San Fernando Valley & San Bernardino County. These centers provided a series of education & training programs and/or support services that enable participants to secure employment within a specific industry or occupational sector. El Proyecto rendered employment and job training services to over 3,000 participants for the year.

Program 3

Expenses: $2,818,936 Revenue: $2,911,594

CHILD DEVELOPMENT SERVICES. El Proyecto operates three (3) licensed Child Development Centers in Panorama City, East Los Angeles, and Sylmar, providing children ages 3 to 5 years a core class...

CHILD DEVELOPMENT SERVICES. El Proyecto operates three (3) licensed Child Development Centers in Panorama City, East Los Angeles, and Sylmar, providing children ages 3 to 5 years a core class curriculum that is developmentally, culturally, and linguistically appropriate for the children served. The program also provides meals to children, parent education, and referrals to health and social services for families. The program ended the year with an average daily attendance of 140 children.

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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 (2023)

Revenue Breakdown

Contributions & Grants $20,452,895

Program Service Revenue $80,343,924

Investment Income $168,940

Other Revenue $45,000

TOTAL REVENUE $101,010,759

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,143,421

Fundraising Expenses $0

Program Expenses $80,006,591

Other Expenses $42,437,009

TOTAL EXPENSES $87,580,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,010,759	$85,802,495	+0.2%
Expenses	$87,580,430	$76,654,494	+0.1%
Net Income	$13,430,329	$9,148,001	+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

542

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

$853,233

Total Directors

Key Employees

$1,429,520

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WINN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VIRGINIA AMBROSINI MD	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMES GARRISON	TREASURER	1.00	Officer Director	$0	$0	$0
VERNA SCOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIA J AVILA	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA FARZAM	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN MADRID-WORTHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELINA MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MERCEDES MORENO	BOARD MEMBER	1.00	Director	$0	$0	$0
PASTOR LUIS SUAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA TOWNSEND	BOARD MEMBER	1.00	Director	$0	$0	$0
LORRAINE C GUTIERREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CORINNE J SANCHEZ	PRESIDENT/CEO	40.00	Officer	$528,291	$34,675	$562,966
RICARDO ORNELAS	CHIEF FINANCIAL OFFICER	40.00	Officer	$269,453	$20,814	$290,267
MARY F HERNANDEZ	CHIEF OPERATING OFFICER	40.00	Key Emp	$305,632	$21,638	$327,270
KARMEN S TATULIAN	MEDICAL DIRECTOR	40.00	Key Emp	$390,270	$23,744	$414,014
STANISLAV N SPASOV	DENTAL DIRECTOR	40.00	Key Emp	$247,735	$19,986	$267,721
EDITH Y MEDINA	HUMAN RESOURCES DIRECTOR	40.00	Key Emp	$189,747	$17,776	$207,523
RUTH NOVODOR	MANAGED CARE DIRECTOR	40.00	Key Emp	$196,202	$16,790	$212,992
LANA YAROSLAVA FLIPPO	Physician	40.00	Highest	$305,589	$834	$306,423
LEANDER MANZANO	Physician	40.00	Highest	$281,322	$20,009	$301,331
LUZ A ORNELAS	Physician	40.00	Highest	$271,226	$14,078	$285,304
HELENA ANESIA FELIX	Physician	40.00	Highest	$262,274	$19,294	$281,568
MEHRAN MOAREFI	Physician	40.00	Highest	$261,536	$8,951	$270,487

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	$101,010,759	$87,580,430	$83,463,051	$13,430,329
2023	$85,802,495	$76,654,494	$67,343,495	$9,148,001
2022	$77,862,746	$68,122,747	$54,672,096	$9,739,999
2021	$70,353,710	$62,296,320	$47,397,243	$8,057,390
2020	$59,056,165	$59,195,376	$42,246,659	$-139,211
2019	$52,977,350	$52,119,091	$33,133,124	$858,259
2018	$48,823,535	$47,679,007	$33,458,254	$1,144,528