HIGHTECH LA

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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

2001

Legal Domicile

Principal Officer

BOARD CHAIR

Phone

8186092640

Tax Period

2023-07-01 to 2024-06-30

HIGHTECH LA, founded in 2001, is a community nonprofit in the Education sector that reported $9.5M in total revenue in fiscal year 2023.

Mission

HIGHTECH LA IS A DIVERSE COMMUNITY OF ACTIVE LEARNERS DEDICATED TO FUSING TRADITIONAL ACADEMIC SUBJECTS WITH REAL WORLD, TECHNICAL APPLICATIONS AND PROBLEM SOLVING SKILLS.

Program Service Accomplishments

Program 1

Expenses: $8,508,680 Revenue: $73,395

OPERATION OF TWO PUBLIC CALIFORNIA CHARTER SCHOOLS IN THE SAN FERNANDO VALLEY: HIGH TECH LA AND HIGH TECH LA MIDDLE. THERE ARE TWO MAJOR GOALS: 1) TO SUCCESSFULLY INTEGRATE TECHNICAL AND ACADEMIC...

OPERATION OF TWO PUBLIC CALIFORNIA CHARTER SCHOOLS IN THE SAN FERNANDO VALLEY: HIGH TECH LA AND HIGH TECH LA MIDDLE. THERE ARE TWO MAJOR GOALS: 1) TO SUCCESSFULLY INTEGRATE TECHNICAL AND ACADEMIC EDUCATION IN A SCHOOL THAT PREPARES STUDENTS FOR POST-SECONDARY EDUCATION AND CAREERS, AND 2) TO INCREASE THE NUMBER OF UNDERREPRESENTED STUDENTS IN MATH AND ENGINEERING WHO SUCCEED IN HIGH SCHOOL AND POST-SECONDARY EDUCATION AND BECOME PRODUCTIVE LEADERS.

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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 $9,053,085

Program Service Revenue $73,395

Investment Income $125,955

Other Revenue $224,568

TOTAL REVENUE $9,477,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,176,841

Fundraising Expenses $581

Program Expenses $8,508,680

Other Expenses $3,431,703

TOTAL EXPENSES $9,608,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,477,003	$9,753,267	0.0%
Expenses	$9,608,544	$9,228,832	+0.0%
Net Income	$-131,541	$524,435	-1.3%

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

$243,480

Total Directors

Key Employees

$200,021

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE IDES	CHAIR	2.00	Officer Director	$0	$0	$0
GHALIB KASSAM	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW D'AMICO	SECRETARY	2.00	Director	$0	$0	$0
CARLA CHRISTOFFERSON	MEMBER	2.00	Director	$0	$0	$0
ADAM BERNS	VICE CHAIR	2.00	Director	$0	$0	$0
SPENCER COX	MEMBER	2.00	Officer Director	$0	$0	$0
KATHY GOODMAN	MEMBER	2.00	Director	$0	$0	$0
KATHY WALKER	MEMBER	2.00	Director	$0	$0	$0
COLLEEN MOLINA	HS PRINCIPAL	40.00	Officer	$173,362	$70,118	$243,480
CURTIS BRUNO	MS PRINCIPAL	40.00	Key Emp	$168,972	$31,049	$200,021
ARNO BABAHEKIAN	TEACHER	40.00	Highest	$128,399	$28,236	$156,635
MARAL ROSTAMI BABAHEDIAN	ASSISTANT PRINCIPAL	40.00	Highest	$115,364	$22,859	$138,223
JULIANA HOLT	TEACHER	40.00	Highest	$106,881	$34,849	$141,730
BRET POLISH	TEACHER	40.00	Highest	$108,222	$22,272	$130,494
JOHN INGRUM	TEACHER	40.00	Highest	$105,046	$43,068	$148,114

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	No data	No data	No data	No data
2024	$9,477,003	$9,608,544	$9,261,947	$-131,541
2023	$9,753,267	$9,228,832	$8,767,070	$524,435
2022	$8,808,749	$8,271,393	$7,647,064	$537,356
2021	$7,266,564	$6,282,202	$7,782,891	$984,362
2020	$6,354,126	$6,251,084	$6,584,774	$103,042
2019	$6,233,279	$6,112,669	$5,763,333	$120,610
2018	$4,969,967	$4,331,593	$5,163,123	$638,374