GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENTER (EIN 030427706) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

JOSE PANIAGUA

Phone

4049299998

Tax Period

2024-01-01 to 2024-12-31

GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENTER, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $483K exceeded revenue, resulting in a 204% operating deficit.

Mission

GHBC DEVELOPED EDUCATIONAL PROGRAMS TO BENEFIT THE HISPANIC ENTREPENEURS IN ADDITION TO BASIC TECHNOLOGY TRAINING IN ACCOUNTING AND COMPUTER SOFTWARE. GHBC ASSISTS CLIENT COMPANIES AS WELL AS START-UP COMPANIES WITH BUSINESS REFERRALS, BUSINESS STRATEGY SESSIONS, LOW COST CONSULTING, NETWORKING EVENTS AND GENERAL SUPPORT. GHBC ALSO PROVIDES PROFESSIONAL OFFICE SPACE AT REDUCED RATES, ADMINISTRATIVE SERVICES, TECHNICAL COUNSELING AND MONTHLY SMALL BUSINESS ADVISORY BOARD REVIEWS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $158,842

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $158,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,265

Fundraising Expenses $6,341

Program Expenses $428,677

Other Expenses $323,291

TOTAL EXPENSES $482,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,842	$712,793	-0.8%
Expenses	$482,556	$432,805	+0.1%
Net Income	$-323,714	$279,988	-2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA RIVERA	CHAIR	1.00	Director	$0	$0	$0
JOSE PANIAGUA	TREASURER	1.00	Director	$0	$0	$0
SOCORRO RODRIGUEZ	CHAIR ELECT	1.00	Director	$0	$0	$0
SALLY WILSON	BOARD SECRETARY	30.00	Director	$0	$0	$0
RICH JOHNSON	PARLIAMENTARIAN	15.00	Director	$0	$0	$0
NORMA ZUNIGA-CARDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$85,000	$0	$85,000

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	$158,842	$482,556	$788,820	$-323,714
2023	$712,793	$432,805	$1,103,550	$279,988
2022	$603,721	$325,176	$788,299	$278,545
2021	$328,887	$185,045	$409,497	$143,842
2020	$296,999	$179,603	$267,248	$117,396

GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENTER