LACER AFTERSCHOOL PROGRAMS

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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

1984

Legal Domicile

Principal Officer

WILLIAM SEYMOUR

Phone

3239576481

Tax Period

2023-01-01 to 2023-12-31

LACER AFTERSCHOOL PROGRAMS, founded in 1984, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

LACER (LITERACY, ARTS, CULTURE, EDUCATION AND RECREATION) AFTERSCHOOL PROGRAM 28 YEAR OLD AGENCY PROVIDES UNDERSERVED YOUTH WITH FREE ARTS AND LITERACY BASED AFTER-SCHOOL PROGRAMS INCLUDING ACADEMIC SUPPORT, VISUAL AND PERFORMING ARTS, AND SPORTS IN A SAFE AND CARING ENVIRONMENT. SERVING OVER 4,000 STUDENTS AGES 10-18 AT FIVE MIDDLE SCHOOLS AND THREE HIGH SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $2,174,954

LACER AFTERSCHOOL PROGRAMS SERVED OVER 4,000 UNDERPRIVILEGED YOUTH, AGES 10-18 YEARS OLD,THROUGH ITS AFTERSCHOOL PROGRAMS AT FIVE MIDDLE SCHOOLS AND THREE HIGH SCHOOLS IN THE CENTRAL CITY OF LOS...

LACER AFTERSCHOOL PROGRAMS SERVED OVER 4,000 UNDERPRIVILEGED YOUTH, AGES 10-18 YEARS OLD,THROUGH ITS AFTERSCHOOL PROGRAMS AT FIVE MIDDLE SCHOOLS AND THREE HIGH SCHOOLS IN THE CENTRAL CITY OF LOS ANGELES. PROGRAMS ARE OFFERED TO THESE PUBLIC SCHOOL YOUTH EVERY DAY FROM SCHOOL'S END UNTIL 6PM DURING THE SCHOOL YEAR. FIELD TRIPS AND SPECIAL WEEKEND ACTIVITIES, ARTS PROGRAMMING, ATHLETICS, AND ACADEMIC SUPPORT.

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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 $2,236,593

Program Service Revenue $0

Investment Income $8,719

Other Revenue $18,766

TOTAL REVENUE $2,264,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,836,244

Fundraising Expenses $139,958

Program Expenses $2,174,954

Other Expenses $707,147

TOTAL EXPENSES $2,543,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,264,078	$2,890,256	-0.2%
Expenses	$2,543,391	$2,347,048	+0.1%
Net Income	$-279,313	$543,208	-1.5%

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

128

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

$177,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SEYMOUR	Exec. Director	40.00	Officer	$166,666	$11,291	$177,957
JEZABEL MICHEL GENTRY	DEPUTY DIRECTOR	40.00		$128,125	$5,945	$134,070
NICOLE CARCEL	MEMBER	1.00	Director	$0	$0	$0
SHARON STRICKER	CO-FOUNDER	4.00	Director	$0	$0	$0
LUANN BOYLAN	President	4.00	Officer Director	$0	$0	$0
MADONNA CACCIATORE	MEMBER	1.00	Director	$0	$0	$0
HELENA PAULIN	Member	1.00	Director	$0	$0	$0
MIGUEL ANGEL JIMENEZ	Treas/Secretary	1.00	Officer Director	$0	$0	$0
ROSHAN KINDRED	MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WEINBERG	Vice President	4.00	Officer Director	$0	$0	$0
LAVONNE ANDERSON	MEMBER	1.00	Director	$0	$0	$0
TESS AYERS	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$2,264,078	$2,543,391	$2,062,983	$-279,313
2022	$2,890,256	$2,347,048	$2,357,088	$543,208
2021	$2,678,395	$1,999,941	$1,556,990	$678,454
2020	$1,893,355	$1,838,458	$807,325	$54,897
2019	$1,572,687	$1,482,153	$759,209	$90,534
2018	$1,801,964	$1,833,668	$654,330	$-31,704