SPANISH AMERICAN CENTER INC (EIN 042761759) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

NEDDY LATIMER

Phone

9785343145

Tax Period

2024-07-01 to 2025-06-30

SPANISH AMERICAN CENTER INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.6M left a modest 3% surplus.

Mission

TO PROVIDE SUPPORTIVE SERVICES TO THE SPANISH COMMUNITY OF LEOMINSTER AND SURROUNDING TOWNS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,641,726

Program Service Revenue $0

Investment Income $36,092

Other Revenue $30,602

TOTAL REVENUE $2,708,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,073,796

Fundraising Expenses $20,799

Program Expenses $2,130,444

Other Expenses $1,551,471

TOTAL EXPENSES $2,625,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,708,420	$3,946,094	-0.3%
Expenses	$2,625,267	$2,954,795	-0.1%
Net Income	$83,153	$991,299	-0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIGDALIA VELEZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN SCALES	TREASURER	5.00	Officer Director	$0	$0	$0
MARIBEL CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
MARY YANNETH BERMUDEZCAMP	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS CINTRON	DIRECTOR	1.00	Director	$0	$0	$0
RAMON GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
LUISA FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
WENDY AGUILAR	DIRECTOR	1.00	Director	$0	$0	$0
ELADIA ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
BREANA DALBON	DIRECTOR	1.00	Director	$0	$0	$0
LEONA WHETZEL	SECRETARY	5.00	Officer Director	$0	$0	$0

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	$2,708,420	$2,625,267	$2,513,208	$83,153
2024	$3,946,094	$2,954,795	$2,531,644	$991,299
2023	$1,668,525	$1,962,810	$1,623,620	$-294,285
2022	$2,670,728	$2,338,729	$2,007,532	$331,999
2020	$724,930	$672,495	$890,680	$52,435
2019	$567,281	$589,599	$779,790	$-22,318
2018	$594,562	$561,116	$715,266	$33,446

SPANISH AMERICAN CENTER INC