HISPANIC AMERICAN LIBRARY INC

EIN: 043252935 501(c)(3) Education

SPRINGFIELD, MA

Total Revenue
$58,501
Total Expenses
$46,130
Total Assets
$40,211
Net Assets
$40,211
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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
2015
Legal Domicile
MA
Principal Officer
JUAN FALCON
Phone
4136575644
Tax Period
2024-01-01 to 2024-12-31

HISPANIC AMERICAN LIBRARY INC, founded in 2015, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $12K, a strong 21% operating margin.

Mission

THE HISPANIC AMERICAN LIBRARY EXPAND COMMUNITY-BASED LIBRARY SEREVICES TO THE RESIDENTS OF SPRINGFIELD AND BEYOND WITH COLLECTIONS AND SERVICES FOCUSED ON THE WORKS, ACHIEVEMENTS, AND ACCOMPLISHMENTS OF HISPANIC AMERICAN AUTHORS, MUSICIANS, AND ARTIST OF LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL LEVEL.

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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 $58,500
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $58,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,084
Fundraising Expenses $0
Program Expenses $36,294
Other Expenses $28,046
TOTAL EXPENSES $46,130

Year-over-Year Comparison

2024 2023 Change
Revenue $58,501 $278,522 -0.8%
Expenses $46,130 $304,997 -0.8%
Net Income $12,371 $-26,475 -1.5%
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
2
Independent Members
2
Employees
2
Volunteers
10

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
2
$0
Total Directors
5
$16,300
Key Employees
1
$16,300
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARMANDO FELICIANO PRESIDENT 1.00
Officer Director
$0 $0 $0
MANUEL FRAU-RAMOS SECRETARY 1.00
Officer Director
$0 $0 $0
ANTHONY LORENZANO BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY SANTIAGO BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN REYES FALCON EXECUTIVE DIRECTOR 21.00
Director Key Emp Highest
$16,300 $0 $16,300
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 $278,522 $304,997 $27,840 $-26,475
2024 $58,501 $46,130 $40,211 $12,371
2023 $214,527 $184,681 $54,315 $29,846
2023 $214,525 $184,679 $54,315 $29,846
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