Los Angeles Bankruptcy Forum
Nonprofit profile at a glance
- EIN
- 953471695
- IRS 990-EZ coverage
- 2019–2023
- Forms available
- Form 990-EZ 2023
- Location
- Los Angeles, CA, USA
- Phone
- 3102212225
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $127,329
- Expenses
- $119,557
- Assets
- $264,281
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LOVEE SARENAS (PRESIDENT)
- SHARON KOPMAN (VICE PRESIDENT)
People named in this filing
- LOVEE SARENAS (PRESIDENT)
- JOHN-PATRICK M FRITZ (PROGRAMS CHAIR)
- SHARON KOPMAN (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote and provide education on the federal bankruptcy system and provide a forum for an exchange of ideas.
What it reported doing in 2023
Bi-monthly meetings of members to discuss matters of importance to the southern California bankruptcy community. Includes dinner to which speakers are invited to discuss issues in the bankruptcy process. The annual cost of $48,940 is covered by charges to attendees.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 22
- Transparency & Controls: 82
- Sustainability: 65
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.7%; rating input score 36
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 6.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 2.21; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.8% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 35.7% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2019 to 2023
- Contacts: How to reach this organization
- 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 36/100.
- Review — Sustainability: Operating margin scored 51/100.