MICHIANA HIPANIC MINISTRIES

EIN: 010967934 501(c)(3)

Mishawaka, IN

Total Revenue
$176,423
Total Expenses
$161,214
Total Assets
$15,209
Net Assets
$15,209
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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
2021
Legal Domicile
IN
Tax Period
2021-01-01 to 2021-12-31

MICHIANA HIPANIC MINISTRIES, founded in 2021, is a small nonprofit that reported $176K in total revenue in fiscal year 2021. Expenses of $161K left a modest 9% surplus.

Mission

church, daycare

Program Service Accomplishments

Program 1
Expenses: $161,214

One of the major changes has been the increase on cleaning supplies and disinfectants. The measures have also caused us for closings of one area or the entire facility at one time. Through out the...

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One of the major changes has been the increase on cleaning supplies and disinfectants. The measures have also caused us for closings of one area or the entire facility at one time. Through out the year, we had decrease on some school children not attending anymore and toddlers, but we have been blessed with maintaining our doors open and enough for our employess. We had certain major expenses, such as the water heater having to be replaced and the regular maintenance of the facility. We were lucky to have Grant assistance when we were hurting economically, due to decrease on attendance, but not emrollment due to parents having to quarantine at home or not having work for certain time.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $128,421
Investment Income $0
Other Revenue $48,002
TOTAL REVENUE $176,423

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,214
Other Expenses $161,214
TOTAL EXPENSES $161,214

Year-over-Year Comparison

2021 2020 Change
Revenue $176,423 N/A N/A
Expenses $161,214 N/A N/A
Net Income $15,209 N/A N/A
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
2
$68,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HERNAN OSORIO ADMINISTRATOR 40.00
Director
$34,600 $0 $34,600
LUCY PERDOMO VICE PRESIDENT 40.00
Director
$34,200 $0 $34,200
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
2021 $176,423 $161,214 $15,209 $15,209
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