THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC (EIN 954501165) - 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

1994

Legal Domicile

Principal Officer

MANUEL ABUD

Phone

3055760036

Tax Period

2024-02-01 to 2025-01-31

THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC, founded in 1994, is a mid-sized nonprofit that reported $39.9M in total revenue in fiscal year 2024. Expenses of $35.7M left a modest 11% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ADVANCE THE ARTS AND SCIENCES OF RECORDING LATIN MUSIC

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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 $263,570

Program Service Revenue $37,340,638

Investment Income $1,758,041

Other Revenue $531,009

TOTAL REVENUE $39,893,258

Expense Breakdown

Grants Paid $1,875,000

Salaries & Benefits $8,929,070

Fundraising Expenses $0

Other Expenses $24,894,810

TOTAL EXPENSES $35,698,880

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,893,258	$41,304,325	0.0%
Expenses	$35,698,880	$37,445,344	0.0%
Net Income	$4,194,378	$3,858,981	+0.1%

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

120

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

$2,643,474

Total Directors

Key Employees

$802,976

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALOYSIO REIS	SECRETARY	1.00	Officer Director	$0	$0	$0
EDUARDO HUTT	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
ALEXANDRA LIOUTIKOFF	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS ALVAREZ	TRUSTEE	1.00	Director	$0	$0	$0
EDUARDO BERGALLO	TRUSTEE	1.00	Director	$0	$0	$0
EDUARDO WEISE	TREASURER	1.00	Director	$0	$0	$0
ERIKA ENDER	TRUSTEE	1.00	Director	$0	$0	$0
EVA CEBRIAN	VICE CHAIRWOMAN	1.00	Director	$0	$0	$0
HARVEY MASON JR	TRUSTEE	1.00	Director	$0	$0	$0
LAURA TESORIERO	CHAIR EMERITUS	1.00	Director	$0	$0	$0
LUIS ALVAREZ FIOL	TRUSTEE	1.00	Director	$0	$0	$0
MANUEL TEJADA	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN REIDY	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA CANTU	TRUSTEE	1.00	Director	$0	$0	$0
RAFA SARDINA	TRUSTEE	1.00	Director	$0	$0	$0
RICO LOVE	TRUSTEE	1.00	Director	$0	$0	$0
TAMMY HURT	TRUSTEE	1.00	Director	$0	$0	$0
MANUEL ABUD	CEO	40.00	Officer	$1,105,113	$42,362	$1,147,475
LUIS DOUSDEBES	CHIEF AWARDS, MEMBERSHIP & PRESERVATION OFFICER	40.00	Officer	$621,249	$41,283	$662,532
JAVIER AGUIRRE	CHIEF FINANCIAL OFFICER	40.00	Officer	$562,003	$46,732	$608,735
GABRIEL ABAROA	PRESIDENT EMERITUS	40.00	Officer	$200,879	$23,853	$224,732
ENRIQUE PEREZ	HEAD OF PARTNERSHIPS & CLIENT SOLUTIONS	40.00	Key Emp	$425,338	$46,841	$472,179
AYLEEN FIGUERAS	SENIOR VICE PRESIDENT, PRODUCTION	40.00	Key Emp	$292,039	$38,758	$330,797
AIDA SCORZA	SENIOR VICE PRESIDENT, AWARDS	40.00	Highest	$438,956	$29,434	$468,390
IVELIESSE MALAVE	SVP COMMUNICATIONS, ARTIST & INDUSTRY RELATIONS	40.00	Highest	$320,600	$18,741	$339,341
LAURA DERGAL	HEAD OF MARKETING & CONTENT DEVELOPMENT	40.00	Highest	$287,795	$39,330	$327,125
ADRIANO HAUBENTHAL	SR. DIRECTOR, PRODUCT MANAGEMENT	40.00	Highest	$177,169	$50,179	$227,348
MELANIE GALARCE	SR. DIRECTOR, PARTNERSHIPS	40.00	Highest	$144,532	$46,155	$190,687

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
2025	$39,893,258	$35,698,880	$55,461,729	$4,194,378
2024	$41,304,325	$37,445,344	$47,001,986	$3,858,981
2023	$25,056,677	$23,721,638	$40,809,726	$1,335,039
2022	$23,723,068	$19,953,250	$39,115,078	$3,769,818
2021	$18,467,626	$15,183,661	$33,416,725	$3,283,965
2020	$22,192,183	$19,100,629	$30,909,301	$3,091,554
2019	$20,592,709	$16,031,519	$26,272,373	$4,561,190

THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC