Lathamcares Colleague Assistance Fund

Nonprofit profile at a glance

EIN
465018518
IRS 990 coverage
2016–2025
Forms available
Form 990 2025, Form 990-EZ 2023
Location
Los Angeles, CA, USA
Phone
7147558268
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$571,614
Expenses
$186,882
Assets
$843,842
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • WENDY ATROKHOV (DIRECTOR, PRESIDENT)
  • SANDRA HERNANDEZ (DIRECTOR, VICE PRESIDENT)

People named in this filing

  • WENDY ATROKHOV (DIRECTOR, PRESIDENT)
  • MATT FRITZ (DIRECTOR)
  • FARHAN AZIZ (DIRECTOR, CFO)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lathamcares offers short-term financial relief to latham & watkins llp colleagues and affiliates facing significant and/or unforeseen hardships, such as medical emergencies, natural disasters, or other crises beyond their control.

What it reported doing in 2025

In 2025, lathamcares established a restricted wildfire relief fund in response to the southern California wildfires to provide financial assistance to affected colleagues and other individuals connected to the firm. Funds were used to support those facing displacement, property loss, and related financial hardship, including grants for essential needs such as temporary housing, basic supplies, and repairs. To provide timely relief, grants were approved by the board through an expedited process. In 2025, lathamcares distributed $142,549 in restricted grants for this purpose. Any remaining restricted funds were transferred to the general fund, per a board resolution.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 94
  • Accountability: 30
  • Sustainability: 89
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.4%; rating input score 30
  • Program expense ratio: 92.9%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 67.3%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 4.52; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: -11% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -12.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -0.4% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 30.4% of revenue deployed · 92.9% of spending went to programs
  • Governance: 0 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $174K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 7 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.