CENTRO LAS AMERICAS INC

EIN: 042714991 501(c)(3) Human Services

WORCESTER, MA

Total Revenue
$12,833,354
Total Expenses
$12,930,456
Total Assets
$3,163,773
Net Assets
$1,142,467
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MA
Principal Officer
AGUSTINA VELAZQUEZ
Phone
5087981900
Tax Period
2024-07-01 to 2025-06-30

CENTRO LAS AMERICAS INC, founded in 1977, is a mid-sized nonprofit in the Human Services sector that reported $12.8M in total revenue in fiscal year 2024.

Mission

TO ASSIST INDIVIDUALS AND FAMILIES SEEKING TO ACHIEVE SELF-SUFFICIENCY BUILDING PURPOSEFUL LIVES THROUGH OUR UNIQUE MIX OF COMPREHENSIVE INTEGRATED SERVICES, EXCEPTIONAL CARE, AND AN UNEQUALLED CULTURAL AND LINGUISTIC COMPETENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,717,668
Program Service Revenue $3,052,377
Investment Income $1,965
Other Revenue $61,344
TOTAL REVENUE $12,833,354

Expense Breakdown

Grants Paid $6,104,206
Salaries & Benefits $5,119,649
Fundraising Expenses $173,217
Program Expenses $10,811,344
Other Expenses $1,706,601
TOTAL EXPENSES $12,930,456

Year-over-Year Comparison

2024 2023 Change
Revenue $12,833,354 $12,247,825 +0.0%
Expenses $12,930,456 $12,285,346 +0.1%
Net Income $-97,102 $-37,521 +1.6%
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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Governance

Voting Members
11
Independent Members
10
Employees
112
Volunteers
20

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
7
$446,026
Total Directors
12
$299,009
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AGUSTINA VELAZQUEZ PRESIDENT & CEO 38.00
Officer Director
$119,616 $26,412 $146,028
JUAN A GOMEZ PRESIDENT & CEO (THRU 12/24) 38.00
Officer Director
$128,654 $24,327 $152,981
COLUMBUS N OKAI CHAIRMAN 1.00
Officer Director
$0 $0 $0
NOEL NIEVES TREASURER 1.00
Officer Director
$0 $0 $0
MAURY RAMIREZ ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
GEORGE COX SECRETARY & CLERK 1.00
Officer Director
$0 $0 $0
DR TRACEY CAPERS DIRECTOR 1.00
Director
$0 $0 $0
ATTY RANDY FELDMAN DIRECTOR 1.00
Director
$0 $0 $0
DR TERRANCE GIBSON DIRECTOR 1.00
Director
$0 $0 $0
DR MARITZA M KNIGHT DIRECTOR 1.00
Director
$0 $0 $0
BRUCE A RAWAN DIRECTOR 1.00
Director
$0 $0 $0
WALTER JE WEEKES SR DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY J KIRBY VICE PRESIDENT & CFO 40.00
Officer
$120,004 $27,013 $147,017
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 $12,833,354 $12,930,456 $3,163,773 $-97,102
2024 No data No data No data No data
2023 $12,544,292 $12,260,736 $4,570,093 $283,556
2022 $10,598,181 $11,031,225 $3,132,302 $-433,044
2021 $9,836,698 $9,360,307 $2,893,026 $476,391
2020 $8,683,588 $8,306,717 $2,908,116 $376,871
2019 $7,573,631 $7,555,182 $1,712,037 $18,449
2018 $7,355,719 $7,442,335 $1,788,938 $-86,616
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