LARTA INSTITUTE (EIN 954609347) - 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

1993

Legal Domicile

Principal Officer

ROHIT SHUKLA

Phone

2136942826

Tax Period

2023-01-01 to 2023-12-31

LARTA INSTITUTE, founded in 1993, is a community nonprofit in the Science & Technology sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

EDUCATIONAL AND TECHNICAL HELP TO HIGH TECH BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $405,953

Program Service Revenue $1,822,913

Investment Income $24,630

Other Revenue $0

TOTAL REVENUE $2,253,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,289,802

Fundraising Expenses $216,857

Program Expenses $2,584,053

Other Expenses $2,063,064

TOTAL EXPENSES $3,352,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,253,496	$1,340,713	+0.7%
Expenses	$3,352,866	$810,215	+3.1%
Net Income	$-1,099,370	$530,498	-3.1%

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

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

$277,706

Total Directors

$277,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ASHLEY	BOARD CHAIR	6.00	Officer Director	$0	$0	$0
ELLIOT GORDON	SECRETARY & TREASURER	5.00	Officer Director	$0	$0	$0
TIMOTHY COOLEY	DIRECTOR	5.00	Director	$0	$0	$0
SHEZAD ROKERYA	DIRECTOR	5.00	Director	$0	$0	$0
ROHIT SHUKLA	CHIEF EXECUTIVE OFFICER	30.00	Officer Director	$277,706	$0	$277,706
CAPRICE YOUNG	DIRECTOR	5.00	Director	$0	$0	$0
ARMANDO INFANZON	DIRECTOR	5.00	Director	$0	$0	$0
CARLOS GUTIERREZ	CHIEF STRATEGY OFFICER	30.00	Highest	$204,680	$0	$204,680
DAVID BEROKOFF	DIRECTOR, CLEANTECH & ENERGY	30.00	Highest	$204,224	$0	$204,224
JUDY HSIEH	HEAD OF OPERATIONS	30.00	Highest	$185,284	$0	$185,284
NICKOLAY KOLEV	DIRECTOR, INFORMATION SERVICES	30.00	Highest	$186,259	$0	$186,259
VAISHALI PALIWAL	HEAD OF PROGRAMS & EVALUATION	30.00	Highest	$173,948	$0	$173,948

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	$2,253,496	$3,352,866	$5,760,656	$-1,099,370
2022	$1,340,713	$810,215	$6,686,708	$530,498
2021	$530,097	$519,942	$3,232,560	$10,155
2020	$451,454	$419,332	$3,142,754	$32,122
2019	$693,878	$744,084	$3,327,125	$-50,206
2018	$1,090,306	$925,956	$3,313,385	$164,350

LARTA INSTITUTE