LOS ANGELES TRADE TECHNICAL COLLEG… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

BONNIE TSENG

Phone

2137637149

Tax Period

2023-07-01 to 2024-06-30

LOS ANGELES TRADE TECHNICAL COLLEGE FOUNDATION, founded in 1983, is a small nonprofit that reported $131K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 79% operating deficit.

Mission

STUDENT GRANTS, FACULTY GRANTS, CAPITAL IMPROVEMENTS, AND OTHER DEVELOPMENT DEEMED VITAL TO THE SPIRIT, PURPOSE, OBLIGATIONS AND ASPIRATIONS OF THE COLLEGE AND ITS COMMUNITY, THE FOUNDATION SHALL ASSIST IN PROMOTING AND CONTINUOUSLY IMPROVING THE COLLEGE AS A VALUABLE COMMUNITY RESOURCE FOR STUDENTS SEEKING VOCATIONAL AND TECHNICAL EDUCATION, CAREER ADVANCEMENT AND LIFE-LONG LEARNING OPPORTUNITIES. THE FOUNDATION BELIEVES THAT THE FULFILLMENT OF ITS MISSION WILL GREATLY AID THE COLLEGE IN FOSTERING A SELF-PERPETUATING ENVIRONMENT OF OPPORTUNITY AND INDUSTRY FOR DOWNTOWN LOS ANGELES AND THROUGHOUT THE REST OF THE CITY AND REGION.

Program Service Accomplishments

Program 1

Expenses: $199,453

SCHOLARSHIPS PROVIDED TO STUDENTS IN THEIR CHOSEN FIELD OF STUDY. DEPARTMENT PROJECTS INCLUDING GRADUATION, SKILLS USA COMPETITION, AND TOOLS FOR THE TRADE.

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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 $118,660

Program Service Revenue $0

Investment Income $12,680

Other Revenue $0

TOTAL REVENUE $131,340

Expense Breakdown

Grants Paid $130,290

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,453

Other Expenses $104,407

TOTAL EXPENSES $234,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,340	$340,341	-0.6%
Expenses	$234,697	$613,776	-0.6%
Net Income	$-103,357	$-273,435	-0.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR REYES	CO-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
HERB NADEL	DIRECTOR	2.00	Director	$0	$0	$0
ARTEMIO NAVARRO	DIRECTOR	2.00	Director	$0	$0	$0
DR ALFRED MCQUARTERS	DIRECTOR	2.00	Director	$0	$0	$0
BONNIE TSENG	CO-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CAROLE ANDERSON-HOULIHAN	DIRECTOR	2.00	Director	$0	$0	$0
PRICILLA CHAVEZ	DIRECTOR	2.00	Director	$0	$0	$0
ROVERT VILLASENOR	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT PRESTON LLOYD	DIRECTOR	2.00	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	No data	No data	No data	No data
2024	$131,340	$234,697	$2,815,550	$-103,357
2023	$340,341	$613,776	$2,804,192	$-273,435
2022	$235,532	$374,078	$2,947,518	$-138,546
2021	$1,345,262	$167,373	$3,291,991	$1,177,889
2020	$462,297	$539,537	$1,635,162	$-77,240
2019	$917,132	$685,785	$1,727,152	$231,347
2018	$697,914	$404,909	$1,455,850	$293,005

LOS ANGELES TRADE TECHNICAL COLLEGE FOUNDATION