LOS ANGELES TRADE TECHNICAL COLLEGE FOUNDATION

EIN: 953813527 501(c)(3)

LOS ANGELES, CA

Total Revenue
$131,340
Total Expenses
$234,697
Total Assets
$2,815,550
Net Assets
$2,693,277
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
CA
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

THE LATTC FOUNDATION PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS, FACULTY GRANTS, CAPITAL IMPROVEMENTS, AND OTHER CAMPUS-RELATED PROJECTS THAT ARE VITAL TO THE SPIRIT, PURPOSE, OBLIGATIONS, AND ASPIRATIONS OF THE LOS ANGELES TRADE TECHNICAL COLLEGE AND ITS COLLEGE COMMUNITY.

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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 $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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
10

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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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