SUAZO BUSINESS CENTER

EIN: 043693364 501(c)(3) Human Services

SALT LAKE CITY, UT

Total Revenue
$1,705,273
Total Expenses
$1,529,015
Total Assets
$1,781,590
Net Assets
$1,644,608
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
UT
Principal Officer
SILVIA CASTRO
Phone
8015211709
Tax Period
2024-10-01 to 2025-09-30

SUAZO BUSINESS CENTER, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 10% surplus.

Mission

THE SUAZO BUSINESS CENTER IS A 501 (C)(3) NONPROFIT WHOSE MISSION IS TO FOCUS ON THE ECONOMIC EMPOWERMENT OF THE MINORITY COMMUNITY THROUGH ENTREPRENEURSHIP. WE WORK TO END CYCLES OF POVERTY, ELIMINATE GENERATIONAL WEALTH GAPS, AND BUILD SELF-RELIANCE THROUGH SMALL BUSINESS OWNERSHIP. WE ARE A SMALL BUSINESS AND WORKFORCE DEVELOPMENT EDUCATION RESOURCE COMMITTED TO THE DEVELOPMENT AND EMPOWERMENT OF THE LATINO / HISPANIC, AND OTHER UNDERSERVED, COMMUNITIES. WE SUPPORT EXISTING AND NEW MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS IN BECOMING SELF-RELIANT AND BUILDING WEALTH.

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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 $1,556,254
Program Service Revenue $138,204
Investment Income $10,815
Other Revenue $0
TOTAL REVENUE $1,705,273

Expense Breakdown

Grants Paid $26,060
Salaries & Benefits $732,188
Fundraising Expenses $182,957
Program Expenses $1,173,442
Other Expenses $697,167
TOTAL EXPENSES $1,529,015

Year-over-Year Comparison

2024 2023 Change
Revenue $1,705,273 $1,593,220 +0.1%
Expenses $1,529,015 $1,459,275 +0.0%
Net Income $176,258 $133,945 +0.3%
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

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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
15
Independent Members
15
Employees
15
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
5
$198,995
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SILVIA CASTRO PRESIDENT & 40.00
Officer
$179,023 $19,972 $198,995
BLAINE D BAGLEY DIRECTOR 2.25
Director
$0 $0 $0
R BRUCE BOWMAN SECRETARY 2.25
Officer Director
$0 $0 $0
CHERYLE CAPLINGER DIRECTOR 1.00
Director
$0 $0 $0
PETE CODELLA DIRECTOR 1.00
Director
$0 $0 $0
JUANITA DAMON DIRECTOR 1.00
Director
$0 $0 $0
REYES FLORES DIRECTOR 1.00
Director
$0 $0 $0
LEO GUTIERREZ DIRECTOR 1.00
Director
$0 $0 $0
HOWARD M HEADLEE VICE CHAIR 2.50
Officer Director
$0 $0 $0
ELI MADRIGAL DIRECTOR 1.00
Director
$0 $0 $0
MARLON MORALES DIRECTOR 2.25
Director
$0 $0 $0
TED PETERSON TREASURER 2.25
Officer Director
$0 $0 $0
LORENA RIFFO-JENSON CHAIR 2.50
Officer Director
$0 $0 $0
JENNIFER TARAZON DIRECTOR 1.00
Director
$0 $0 $0
JR VERA DIRECTOR 1.00
Director
$0 $0 $0
MARCIA WHITE DIRECTOR 1.00
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 $1,705,273 $1,529,015 $1,781,590 $176,258
2024 $1,593,220 $1,459,275 $1,560,866 $133,945
2023 $1,540,347 $1,479,831 $1,406,762 $60,516
2022 $1,289,713 $1,174,247 $1,347,138 $115,466
2021 $1,001,174 $767,081 $1,205,650 $234,093
2020 $624,916 $482,990 $1,014,987 $141,926
2019 $535,635 $434,393 $803,400 $101,242
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