LAACO Voluntary Employees Benefit Trust

EIN: 954094336

Los Angeles, CA

Total Revenue
$133,032
Total Expenses
$223,260
Total Assets
$10,175
Net Assets
$2,844
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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
1986
Legal Domicile
CA
Principal Officer
JEFFREY P FOSTER
Phone
2136305213
Tax Period
2022-01-01 to 2022-12-31

LAACO Voluntary Employees Benefit Trust, founded in 1986, is a small nonprofit that reported $133K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $223K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PROVIDE PAID VACATION LEAVE TO ELIGIBLE EMPLOYEES OF LAACO, LTD. AND ITS WHOLLY OWNED SUBSIDIARIES.

Program Service Accomplishments

Program 1

provide paid vacation leave to eligible employees of LAACO, LTD. and its wholly owned subsidiaries.

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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 (2022)

Revenue Breakdown

Contributions & Grants $133,032
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $133,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $223,260

Year-over-Year Comparison

2022 2021 Change
Revenue $133,032 $197,887 -0.3%
Expenses $223,260 $431,840 -0.5%
Net Income $-90,228 $-233,953 -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
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY P FOSTER TRUSTEE 1.0
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
2022 $133,032 $223,260 $10,175 $-90,228
2021 $197,887 $431,840 $106,434 $-233,953
2020 $433,756 $420,576 $349,354 $13,180
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