PROGRESO LATINO

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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

1977

Legal Domicile

Principal Officer

MARIO BUENO

Phone

4017285920

Tax Period

2024-01-01 to 2024-12-31

PROGRESO LATINO, founded in 1977, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE AGENCY IS TO PROVIDE VARIOUS SOCIAL SERVICES TO THE HISPANIC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,237,831 Revenue: $29,416

ADULT EDUCATION PROGRAMS PROVIDE CLASSES TO THE HISPANIC POPULATION IN ENGLISH AS A SECOND LANGUAGE (ESL), GENERAL EQUIVALENCY DIPLOMAS (GED), AND COMPUTER EDUCATION CLASSES AT A REDUCED RATE.

Program 2

Expenses: $1,192,866 Revenue: $118,072

SOCIAL SERVICE PROGRAMS ASSIST HISPANICS WITH VARIOUS HEALTH SCREENINGS, IMMIGRATION SERVICES AND OTHER SERVICES FOR THE ELDERLY AND YOUTH POPULATION.

Program 3

Expenses: $1,575,313 Revenue: $540,222

PRESCHOOL AND DAY CARE PROGRAMS PROVIDE MEALS AND DAYCARE WITH FEES BASED ON THE INDIVIDUAL'S ABILITY TO PAY.

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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 $4,357,425

Program Service Revenue $677,142

Investment Income $10,285

Other Revenue $22,171

TOTAL REVENUE $5,067,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,715,379

Fundraising Expenses $224,874

Program Expenses $4,006,010

Other Expenses $1,250,702

TOTAL EXPENSES $4,966,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,067,023	$4,678,782	+0.1%
Expenses	$4,966,081	$4,631,756	+0.1%
Net Income	$100,942	$47,026	+1.1%

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

129

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

$173,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZ GOODERMOTE	PRESIDENT	11.00	Officer Director	$0	$0	$0
RAFAEL YEPEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NAZIK FERNANDEZ	TREASURER	1.00	Officer Director	$0	$0	$0
STEFAN PETRELLA	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE CHIACU-FORSYTHE	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
YOVANSKA DUARTE-VELEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIA LIMA	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MATTA	BOARD MEMBER	1.00	Director	$0	$0	$0
JORGE MEJIA	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE NEEESQ	BOARD MEMBER (TO 02/2024)	1.00	Director	$0	$0	$0
DEBORAH KING	BOARD MEMBER (AS OF 01/2024)	1.00	Director	$0	$0	$0
EDWARD TAVARES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIO BUENO	EXECUTIVE DIRECTOR	40.00	Officer	$98,360	$0	$98,360
ELIA GRISELLE LOPEZ	CFO	40.00	Officer	$71,600	$3,642	$75,242

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	$5,067,023	$4,966,081	$4,155,516	$100,942
2023	$4,678,782	$4,631,756	$3,906,263	$47,026
2022	$4,498,775	$3,941,216	$3,791,458	$557,559
2021	$4,331,678	$3,835,682	$3,403,183	$495,996
2020	$3,577,922	$3,123,364	$2,871,531	$454,558
2019	$2,889,644	$2,867,408	$2,446,539	$22,236
2018	$2,601,971	$2,531,479	$2,420,918	$70,492