HISPANIC COALITION OF GREATER WATERBURY

EIN: 061349937 501(c)(3)

WATERBURY, CT

Total Revenue
$4,065,517
Total Expenses
$2,573,773
Total Assets
$3,003,447
Net Assets
$2,136,905
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CT
Principal Officer
VICTOR LOPEZ
Phone
2037546172
Tax Period
2024-07-01 to 2025-06-30

HISPANIC COALITION OF GREATER WATERBURY, founded in 1991, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 37% operating margin.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE ADVOCACY, COLLABORATION AND CREATION OF SELF-SUSTAINING ENTITIES TO ENHANCE THE WELL BEING OF THE HISPANIC COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $1,602,234 Revenue: $1,925,288

VIDAS PROGRAM: AS A CT DEPARTMENT OF DEVELOPMENTAL SERVICES (DDS) CERTIFIED SERVICE PROVIDER, THE HISPANIC COALITION HELPS INDIVIDUALS WITH INTELLECTUAL DISABILITY LEAD FULFILLING LIVES WITHIN THEIR...

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VIDAS PROGRAM: AS A CT DEPARTMENT OF DEVELOPMENTAL SERVICES (DDS) CERTIFIED SERVICE PROVIDER, THE HISPANIC COALITION HELPS INDIVIDUALS WITH INTELLECTUAL DISABILITY LEAD FULFILLING LIVES WITHIN THEIR COMMUNITIES. OUR PROFESSIONAL STAFF IS AVAILABLE TO ASSIST INDIVIDUALS WHO LIVE ON THEIR OWN, WITH THEIR FAMILIES, OR CARETAKERS BY PLACING THE NEEDS OF THE INDIVIDUAL FIRST. INDIVIDUAL AND FAMILY SUPPORT INCLUDES INDIVIDUALIZED SUPPORT, SERVICES COORDINATION, BEHAVIORAL SUPPORT, NURSING SUPPORT, EMPLOYMENT SUPPORT, COMMUNITY RESOURCE DEVELOPMENT, AND RESPITE.

Program 2
Expenses: $250,793 Revenue: $295,339

WATERBURY'S RIBA (RIVER BALDWIN ASSOCIATION) ASPIRA ADDRESSES THE ECONOMIC AND RACIAL/ETHNIC INEQUITIES THAT HAVE DEVALUED THIS ONCE VIBRANT SOUTH END NEIGHBORHOOD (RIVER BALDWIN) BY CREATING A...

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WATERBURY'S RIBA (RIVER BALDWIN ASSOCIATION) ASPIRA ADDRESSES THE ECONOMIC AND RACIAL/ETHNIC INEQUITIES THAT HAVE DEVALUED THIS ONCE VIBRANT SOUTH END NEIGHBORHOOD (RIVER BALDWIN) BY CREATING A STRONG, RESIDENT-DRIVEN, CIVIC INFRASTRUCTURE, REALIGNING/RELOCATING JOB TRAINING SERVICES TO INCREASE RESIDENT ACCESS, AND REVISING CHILD CARE DECISION MAKING POLICIES TO BE MORE EQUITABLE INSURING ADEQUATE ACCESS FOR NEIGHBORHOOD CHILDREN AND FAMILIES. FOCUSING ON ONE NEIGHBORHOOD PROVIDES AN OPPORTUNITY TO ADVANCE CHANGES IN SYSTEMS AND POLICIES AND PILOT A RESIDENT ENGAGEMENT MODEL THAT CAN BE REPLICATED IN OTHER CITY NEIGHBORHOODS.

Program 3
Expenses: $164,664 Revenue: $266,469

YOUTH DEVELOPMENT: OUR L.A.C.E. (LEADERSHIP, ATHLETICS, COMMUNITY, EDUCATION) PROGRAM IS DESIGNED WITH TWO PRINCIPALS IN MIND: FIRSTLY, SOCIO-ECONOMIC FACTORS DO NOT NEED TO DETERMINE A CHILD'S...

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YOUTH DEVELOPMENT: OUR L.A.C.E. (LEADERSHIP, ATHLETICS, COMMUNITY, EDUCATION) PROGRAM IS DESIGNED WITH TWO PRINCIPALS IN MIND: FIRSTLY, SOCIO-ECONOMIC FACTORS DO NOT NEED TO DETERMINE A CHILD'S SCHOLASTIC SUCCESS. AND SECONDLY, HEALTHY RELATIONSHIPS ARE A MEANINGFUL WAY TO GUIDE ADOLESCENTS TOWARDS THEIR GOALS. IT IS THE INTENTION OF THIS PROGRAM THAT WATERBURY YOUTH FOSTER THE SKILLS NECESSARY TO PROMOTE PROFESSIONAL, ACADEMIC AND PERSONAL GROWTH THROUGH THE FOUR PILLARS OF LEADERSHIP, ATHLETICS, COMMUNITY (OUTREACH) AND EDUCATION. THE MISSION IS TO EMPOWER YOUNG STUDENTS TO BECOME FUTURE LEADERS AND GUIDE THEM TOWARD THEIR ACADEMIC GOALS TO GAIN ACCESS TO AN EQUITABLE PATH TO SUCCESS. IN A SAFE AND SUPPORTIVE ENVIRONMENT, STUDENTS ARE PREPARED FOR THE CHALLENGES THAT AWAIT THEM UPON GRADUATING FROM HIGH SCHOOL AND HOW TO TRANSFORM OBSTACLES INTO SUCCESSES.

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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 $2,023,750
Program Service Revenue $2,041,767
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,065,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,997,851
Fundraising Expenses $41,342
Program Expenses $2,250,616
Other Expenses $575,922
TOTAL EXPENSES $2,573,773

Year-over-Year Comparison

2024 2023 Change
Revenue $4,065,517 $2,633,100 +0.5%
Expenses $2,573,773 $2,486,206 +0.0%
Net Income $1,491,744 $146,894 +9.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
54
Volunteers
18

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
$145,280
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARITZA ACOSTA-GAY PRESIDENT 1.00
Officer Director
$0 $0 $0
ANTHONY MIRANDA TREASURER 1.00
Officer Director
$0 $0 $0
YARIXA LOPEZ SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID FELIU VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SETH DUKE BOARD MEMBER 0.30
Director
$0 $0 $0
ANTHONY GAY BOARD MEMBER 0.30
Director
$0 $0 $0
GISELLE MEDINA BOARD MEMBER 0.30
Director
$0 $0 $0
IRIS GONZALEZ-PERRY BOARD MEMBER 0.30
Director
$0 $0 $0
ADELA JORGE-NELSON BOARD MEMBER 0.30
Director
$0 $0 $0
DAVID M PERRY BOARD MEMBER 0.30
Director
$0 $0 $0
ELIZABETH RODRIGUEZ BOARD MEMBER 0.30
Director
$0 $0 $0
VICTOR LOPEZ JR EXECUTIVE DIRECTOR 40.00
Officer
$145,280 $0 $145,280
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 $4,065,517 $2,573,773 $3,003,447 $1,491,744
2024 $2,633,100 $2,486,206 $1,197,017 $146,894
2023 $2,761,804 $2,607,179 $1,110,623 $154,625
2022 $2,165,587 $2,113,826 $958,594 $51,761
2021 $1,730,536 $1,588,535 $901,622 $142,001
2020 $1,408,884 $1,402,806 $864,899 $6,078
2019 $1,302,583 $1,193,161 $537,987 $109,422
2018 $988,551 $940,229 $325,605 $48,322
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