Friends Of L A R C (EIN 953738738) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

RENEE HOLLAND

Phone

6612968636

Tax Period

2024-01-01 to 2024-12-31

Friends Of L A R C, founded in 1982, is a small nonprofit that reported $270K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE BENEFIT OF THE LOS ANGELES RESIDENTIAL COMMUNITY FOUNDATION, A NOT-FOR-PROFIT ORGANIZATION.

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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 $270,287

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $270,293

Expense Breakdown

Grants Paid $250,000

Salaries & Benefits $0

Fundraising Expenses $25,676

Program Expenses $250,000

Other Expenses $26,397

TOTAL EXPENSES $276,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,293	$169,417	+0.6%
Expenses	$276,397	$169,214	+0.6%
Net Income	$-6,104	$203	-31.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RENEE HOLLAND	PRESIDENT	Officer Director	$0	$0	$0
CHARLES WILSON	DIRECTOR	Director	$0	$0	$0
LINDA GINDI ROBINSON	SECRETARY	Officer Director	$0	$0	$0
JUDY GINDI	DIRECTOR	Director	$0	$0	$0
ELIE GINDI	DIRECTOR	Director	$0	$0	$0
PAM GINDI	DIRECTOR	Director	$0	$0	$0
NANCY TITLE	DIRECTOR	Director	$0	$0	$0
JACK GINDI	DIRECTOR	Director	$0	$0	$0
DAVID ROBINSON MD	DIRECTOR	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	$270,293	$276,397	$33,365	$-6,104
2023	$169,417	$169,214	$39,469	$203
2022	$170,027	$181,554	$39,266	$-11,527
2021	$215,249	$212,469	$50,793	$2,780
2020	$177,632	$168,062	$48,013	$9,570
2019	$188,412	$197,478	$38,443	$-9,066
2018	$177,606	$174,542	$47,509	$3,064

Friends Of L A R C