LOS ANGELES ALLIANCE FOR A NEW ECONOMY

EIN: 954459427 501(c)(3) Health Care

LOS ANGELES, CA

Total Revenue
$3,687,556
Total Expenses
$4,493,464
Total Assets
$9,442,676
Net Assets
$5,602,390
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
CA
Principal Officer
VICTOR SANCHEZ
Phone
2139779400
Tax Period
2023-01-01 to 2023-12-31

LOS ANGELES ALLIANCE FOR A NEW ECONOMY, founded in 1993, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO IMPROVE THE SKILLS, WAGES, AND WORKING CONDITIONS OF WORKERS IN THE TOURISM INDUSTRY AND TO ASSURE THAT THE BENEFITS OF TOURISM CONTRIBUTE EQUITABLY TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF ALL COMMUNITIES IN THE GREATER LOS ANGELES AREA. THE COUNCIL WILL PAY PARTICULAR ATTENTION TO IMMIGRANT WORKERS, WHO COMPRISE MOST OF THOSE EMPLOYED IN THE HOTELS, AMUSEMENT PARKS, RESTAURANTS, RETAIL, AND OTHER SERVICE SECTORS ASSOCIATED WITH TRAVEL AND TOURISM.

Program Service Accomplishments

Program 1
Expenses: $3,602,320 Revenue: $120,987

FOUNDED IN 1993, LAANE (LOS ANGELES ALLIANCE FOR A NEW ECONOMY) IS A NATIONALLY RECOGNIZED ADVOCACY ORGANIZATION DEDICATED TO BUILDING A NEW ECONOMY FOR ALL. COMBINING DYNAMIC RESEARCH, INNOVATIVE...

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FOUNDED IN 1993, LAANE (LOS ANGELES ALLIANCE FOR A NEW ECONOMY) IS A NATIONALLY RECOGNIZED ADVOCACY ORGANIZATION DEDICATED TO BUILDING A NEW ECONOMY FOR ALL. COMBINING DYNAMIC RESEARCH, INNOVATIVE PUBLIC POLICY, AND STRATEGIC ORGANIZING OF BROAD ALLIANCES, LAANE PROMOTES A NEW ECONOMIC APPROACH BASED ON GOOD JOBS, THRIVING COMMUNITIES, AND A HEALTHY ENVIRONMENT. FOR THE PAST 30 YEARS, LAANE HAS BEEN AT THE FOREFRONT OF LOS ANGELES' PROGRESSIVE MOVEMENT, TRANSFORMING CONDITIONS IN KEY INDUSTRIES AND IMPROVING THE LIVES OF HUNDREDS OF THOUSANDS OF WORKING FAMILIES IN SOUTHERN CALIFORNIA. LAANE'S GROUNDBREAKING POLICY WINS AND A NEW APPROACH TO ECONOMIC DEVELOPMENT HAVE BEEN A MODEL FOR SIMILAR EFFORTS ACROSS THE COUNTRY. LAANE IS A CO-FOUNDER OF THE PARTNERSHIP FOR WORKING FAMILIES NOW KNOWN AS POWER SWITCH, A RAPIDLY GROWING NATIONAL ALLIANCE FIGHTING FOR GOOD JOBS AND HEALTHY COMMUNITIES IN NEARLY 20 MAJOR METROPOLITAN AREAS. OUR PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE PROJECTS SUCH AS: HOTELS TRANSFORMING THE LONG BEACH TOURISM INDUSTRY INTO AN ENGINE FOR GOOD JOBS AND HEALTHY COMMUNITIES. LAANE IS WORKING TO ENSURE THAT THE LONG BEACH TOURISM INDUSTRY PROVIDES GOOD JOBS, STRENGTHENS COMMUNITIES, AND OFFERS A FAIR RETURN ON THE PUBLIC'S INVESTMENT. LAANE BELIEVES THAT THE LONG BEACH HOTEL INDUSTRY CAN AND MUST INVEST MORE IN ITS WORKFORCE SO IT WILL GUARANTEE LONG-TERM SUCCESS, BENEFIT RESIDENTS AND BUSINESSES ALIKE, AND CREATE MORE JOBS THAT CAN SUPPORT LONG BEACH FAMILIES. RETAIL AND FAIR SCHEDULING SHOP WELL LA FAIR WORKWEEK LA IS A COALITION OF LABOR, COMMUNITY GROUPS, HEALTH ADVOCATES, AND RETAIL WORKERS FIGHTING FOR A FAIR WORKWEEK IN THE CITY OF LOS ANGELES. LAANE ADVOCATES A COMPREHENSIVE POLICY FOR RETAIL WORKERS TO HAVE A FAIR SCHEDULE. THE RETAIL INDUSTRY IS THE SECOND LARGEST EMPLOYER IN LOS ANGELES, WITH OVER 140,000 RETAIL WORKERS IN THE CITY. LOS ANGELES NEEDS TO FIGHT FOR A COMPREHENSIVE FAIR WORKWEEK POLICY TO MAKE RETAIL WORK MORE JUST FOR THESE THOUSANDS OF WORKERS. LAANE WILL EXPAND ON WHAT OTHER CITIES HAVE DONE AND CREATE A MODEL FOR OTHER CITIES TO FOLLOW. PORTS LAANE IS HELPING THOUSANDS OF PORT TRUCK DRIVERS AT SOUTHERN CALIFORNIA PORTS END MISCLASSIFICATION AND WAGE THEFT AND CREATING GOOD JOBS, HEALTHY COMMUNITIES, AND A SUSTAINABLE ENVIRONMENT AT THE PORTS OF L.A. AND LONG BEACH. LAANE'S CLEAN AND SAFE PORTS PROJECT BRINGS TOGETHER TWO OF THE MOST IMPORTANT CAUSES: THE EFFORT TO TRANSFORM LOW-PAYING JOBS INTO MIDDLE-CLASS CAREERS AND THE MOVEMENT FOR AN ENVIRONMENTALLY SUSTAINABLE FUTURE. THE CENTERPIECE OF THIS PROJECT - THE GROUNDBREAKING CLEAN TRUCKS PROGRAM - PROMISES TO LIFT THOUSANDS OF WORKERS OUT OF POVERTY WHILE DRAMATICALLY REDUCING POLLUTION IN PORT COMMUNITIES. NURSING HOMES LAANE, IN PARTNERSHIP WITH SERVICE EMPLOYEES INTERNATIONAL UNION (SEIU) 2015 AND WITH OVER 40 ORGANIZATIONS ACROSS LOS ANGELES COUNTY, LAUNCHED THE QUALITY CARE COALITION TO RAISE STANDARDS AT NURSING HOMES BY ENSURING IMPROVEMENT OF WORKING CONDITIONS AND A HIGHER STANDARD OF CARE FOR RESIDENTS. THIS WILL IDENTIFY, ACTIVATE, AND MOBILIZE COMMUNITY MEMBERS AND WORKERS WITH CONNECTIONS TO LONG-TERM CARE TO WIN POLICY CHANGE AT THE STATE AND LOCAL LEVEL. REPOWER LA LAANE IS LEADING THE EFFORT TO EXPAND ENERGY EFFICIENCY PROGRAMS THAT PROVIDE CAREER-PATH JOBS AND INCREASE INVESTMENT IN RENEWABLE ENERGY SOURCES TO HELP LOW-INCOME CUSTOMERS SAVE MONEY ON THEIR UTILITY BILLS. REPOWER LA'S PLAN WOULD PUT ANGELENOS BACK TO WORK IN GOOD, CAREER-PATH JOBS, LIFTING LOS ANGELES ECONOMY FROM THE BIGGEST ECONOMIC DOWNTURN THE COUNTRY HAS SEEN IN DECADES. REPOWER LA IS A COALITION OF COMMUNITY ORGANIZATIONS, ENVIRONMENTALISTS, UNIONS, SMALL BUSINESSES, AND FAITH-BASED LEADERS PROPOSING SOLUTIONS TO PUT ANGELENOS BACK TO WORK AND TURN THE LOS ANGELES DEPARTMENT OF WATER AND POWER (LADWP) INTO A GREENER, MORE MODERN UTILITY. AN EXPANDED BUILDING UPGRADE PROGRAM IS DRAWN FROM THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS (IBEW) LOCAL 18 AND THE LADWP'S TRAINEE PROGRAM. THESE JOBS WILL BE OPEN TO ALL LOS ANGELES RESIDENTS. THE LADWP AND ITS UNION ARE WORKING IN PARTNERSHIP WITH LOCAL COMMUNITIES, ORGANIZATIONS, TRAINING FACILITIES, AND REPOWER LA TO ENSURE THAT LOS ANGELES HARDEST HIT COMMUNITIES BENEFIT FROM THESE JOBS. OUR WATER LA LAANE IS A PROUD MEMBER OF THE OUR WATER LA COALITION, A GROUP OF COMMUNITY AND ENVIRONMENTAL ORGANIZATIONS WORKING ON WATER ISSUES TO IMPROVE STORMWATER CAPTURE AND GROUNDWATER RECHARGE IN L.A. COUNTY. WORKING CLOSELY WITH THE L.A. COUNTY FEDERATION OF LABOR AND THE LOS ANGELES/ORANGE COUNTY BUILDING TRADES COUNCIL, LAANE IS IDENTIFYING PROJECTS TO REDUCE STORM WATER POLLUTION AND IMPROVE THE LOCAL WATER RESILIENCE, WHILE ALSO CREATING GOOD CONSTRUCTION JOBS THAT BUILD STORM WATER INFRASTRUCTURE. WHILE WATER-FOCUSED ENVIRONMENTALISTS AND ENGINEERS ARE STUDYING HOW TO BEST APPROACH WATER INFRASTRUCTURE, LAANE, AS PART OF OUR WATER LA, IS WORKING WITH THEM TO ENSURE THAT JOBS AND JOB PATHWAYS PIPELINES, TARGETED HIRE, AND EQUITABLE OUTCOMES ARE INTEGRATED INTO THIS BALLOT MEASURE. LAANE IS ORGANIZING IN DIVERSE COMMUNITIES ACROSS L.A. COUNTY TO PUSH FOR EXTENSIVE OUTREACH AND ENGAGEMENT IN LOW-INCOME COMMUNITIES OF COLOR AND TO ENSURE THAT WATER PROJECTS IN LOWER-INCOME AREAS ARE GIVEN PRIORITY IN FUTURE BALLOT MEASURE CRITERIA.

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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 $3,538,373
Program Service Revenue $120,987
Investment Income $28,196
Other Revenue $0
TOTAL REVENUE $3,687,556

Expense Breakdown

Grants Paid $94,339
Salaries & Benefits $3,661,819
Fundraising Expenses $479,164
Program Expenses $3,602,320
Other Expenses $737,306
TOTAL EXPENSES $4,493,464

Year-over-Year Comparison

2023 2022 Change
Revenue $3,687,556 $6,250,476 -0.4%
Expenses $4,493,464 $4,132,219 +0.1%
Net Income $-805,908 $2,118,257 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
48
Volunteers
18

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
4
$305,696
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GRANT BOARD MEMBER 2.00
Officer Director
$0 $0 $0
KURT PETERSON SECRETARY 2.00
Director
$0 $0 $0
KENT WONG CHAIR 2.00
Officer Director
$0 $0 $0
PETER DREIER BOARD MEMBER 2.00
Director
$0 $0 $0
NEIDI DOMINGUEZ BOARD MEMBER 2.00
Director
$0 $0 $0
EDDIE INY BOARD MEMBER 2.00
Director
$0 $0 $0
CYNTHIA STRATHMANN BOARD MEMBER 2.00
Director
$0 $0 $0
TONIA URANGA BOARD MEMBER 2.00
Director
$0 $0 $0
MANUEL PASTOR BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID PETTIT BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELICA SALAS BOARD MEMBER 2.00
Director
$0 $0 $0
DANNY TABOR BOARD MEMBER 2.00
Director
$0 $0 $0
MANNY VALENZUELA BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHANIE VON SLOMSKI BOARD MEMBER 2.00
Director
$0 $0 $0
SHAWN MCCLOUD BOARD MEMBER 2.00
Director
$0 $0 $0
GLORIA MEDINA BOARD MEMBER 2.00
Director
$0 $0 $0
CECILIA ESTOLANO BOARD MEMBER 2.00
Director
$0 $0 $0
DEREK SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
KATHY FINN BOARD MEMBER 2.00
Director
$0 $0 $0
PETER PALANDJIAN BOARD MEMBER 2.00
Director
$0 $0 $0
ROXANA TYNAN EXECUTIVE DIRECTOR 40.00
Officer
$129,699 $39,552 $169,251
YOMARA ARRIVILLAGA FINANCE DIRECTOR 40.00
Officer
$108,333 $28,112 $136,445
ARELIA VALDIIVIA PROJECT DIRECTOR 40.00
Highest
$130,000 $24,095 $154,095
JAMES ELMENDORF POLICY DIRECTOR 40.00
Highest
$120,046 $18,412 $138,458
GINA PALENCAR DEVELOPMENT DIRECTOR 40.00
Highest
$105,833 $27,185 $133,018
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 $3,687,556 $4,493,464 $9,442,676 $-805,908
2022 $6,250,476 $4,132,219 $9,517,343 $2,118,257
2021 $4,763,189 $4,483,321 $6,601,051 $279,868
2020 $5,234,400 $3,299,801 $5,395,895 $1,934,599
2019 $3,669,402 $3,255,672 $2,557,980 $413,730
2018 $2,444,723 $3,597,301 $2,057,238 $-1,152,578
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