LA SHARES

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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

1993

Principal Officer

AMY BENDIK

Phone

2134851097

Tax Period

2024-01-01 to 2024-12-31

LA SHARES, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $50K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 159% operating deficit.

Mission

TO KEEP USEFUL ITEMS FROM UNNECSSARILY ENTERING OUR ALREADY OVERCROWDED LANFILS AND INSTEAD MAKE THEM AVAILABLE FOR FREE TO LOS ANGELES NONPROFITS AND SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $65,783

in 2021 L.A. SHARES REDISTRIBUTED DUE TO COVID ONLY $219,068 WORTH OF GOODS AND MATERIALS ESTABLISHED IN 1993. L.A. SHARES HAS GIVEN AWAY MORE THAT $122 MILLION WORTH OF GOODS TO OVER 2,500 LOS...

in 2021 L.A. SHARES REDISTRIBUTED DUE TO COVID ONLY $219,068 WORTH OF GOODS AND MATERIALS ESTABLISHED IN 1993. L.A. SHARES HAS GIVEN AWAY MORE THAT $122 MILLION WORTH OF GOODS TO OVER 2,500 LOS ANGELES NON PROFIT ORGINIZATIONS AND SCHOOLS.L.A.SHARES HAS BEEN RECOGNIZED BY THE US ENVIRONMENTAL PROTECTION AGENCY, THE WHITE HOUSE TASK FORCE ON RECYCLING AND THE U.S. DEPTARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR ITS OUTSTANDING ENVIRONMENTAL ACHIEVEMENT. CONSEQUENTLY, L.A.SHARES IS HOW USED AS "MODEL" PROGRAM FOR SIMILAR MATERIALS REUSE EFFORTS THROUGHOUT THE COUNTRY.L.A.SHARES HAS HELPED MORE THAN 2,500 ORGANIZATIONS AND SCHOOLS THROUGHOUT LOS ANGELES COUNTY INCLUDING BOYS AND GIRLS CLUBS OF AMERICA, ORGANIZATION FOR THE NEEDS OF THE EDERLY, HABITAT FOR HUMANITY, INNER CITY CULTERAL CENTER, UNION RESCUE MISSION, ANGELES GIRL SCOUT COUNCIL, THE SAN FERNANDO VALLEY CHILD......

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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 $50,000

Program Service Revenue $0

Investment Income $19

Other Revenue $0

TOTAL REVENUE $50,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,226

Fundraising Expenses $0

Program Expenses $65,783

Other Expenses $58,447

TOTAL EXPENSES $129,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,019	$148,208	-0.7%
Expenses	$129,673	$270,630	-0.5%
Net Income	$-79,654	$-122,422	-0.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MANN	CEO	40.00	Officer Director	$0	$0	$0
ELIZABETH DANBURY	CFO	1.00	Officer Director	$0	$0	$0
JANE BLUMENFELD	Secretary	5.00	Officer Director	$0	$0	$0
NATHAN PORTLOCK	Vice President	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	$50,019	$129,673	$178,515	$-79,654
2023	$148,208	$270,630	$258,169	$-122,422
2022	$486,271	$493,041	$380,591	$-6,770
2021	$590,753	$495,977	$387,361	$94,776
2020	$527,422	$511,627	$292,587	$15,795