Glendale Latino Association Inc (EIN 954306673) - 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

1991

Legal Domicile

Principal Officer

Sylvia Garciga

Tax Period

2024-01-01 to 2024-12-31

Glendale Latino Association Inc, founded in 1991, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $40K left a modest 13% surplus.

Mission

TO PROMOTE AWARENESS OF HISPANIC BUSINESSES AND PROFESSIONALS, PROMOTE ACTIVITIES WHICH IMPROVE EDUCATION, AND PROVIDE SCHOLARSHIPS TO LOCAL STUDENTS.

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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 $49,576

Program Service Revenue $0

Investment Income $0

Other Revenue $-3,948

TOTAL REVENUE $45,628

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,440

Other Expenses $9,615

TOTAL EXPENSES $39,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,628	$33,908	+0.3%
Expenses	$39,615	$27,962	+0.4%
Net Income	$6,013	$5,946	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Manuel Cid	Director	Director	$0	$0	$0
Dr Bill Estrada Gallimore	Director	Director	$0	$0	$0
Sylvia Garciga	Director	Director	$0	$0	$0
Sylvia Garcia	Treasurer	Officer Director	$0	$0	$0
MERCY VELAZQUEZ	Boardmember	Director	$0	$0	$0
Analily Park	Director	Director	$0	$0	$0
Tigran Topadzhikyan	Director	Director	$0	$0	$0
Jennie Quiononez-Skinner	Past President	Officer Director	$0	$0	$0
Juan G Garcia	Secretary	Director	$0	$0	$0
Guillermo Garcia	President	Officer Director	$0	$0	$0
Jasmine Venegas Goulet	Vice President	Officer Director	$0	$0	$0
Leyla Anderson	Secretary	Officer Director	$0	$0	$0
Ladonna Romans Larrea	VP Events	Officer Director	$0	$0	$0
Christine Benitez	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	$45,628	$39,615	$64,485	$6,013
2023	$33,908	$27,962	$58,472	$5,946
2022	$32,928	$33,191	$52,526	$-263
2021	$21,947	$26,667	$52,789	$-4,720
2020	$46,732	$27,353	$57,478	$19,379

Glendale Latino Association Inc