ASPIRA ASSOCIATION INC

EIN: 132627568 501(c)(3)

WASHINGTON, DC

Total Revenue
$965,350
Total Expenses
$773,529
Total Assets
$1,393,179
Net Assets
$694,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
DC
Principal Officer
John Villamil
Phone
2028353600
Tax Period
2022-07-01 to 2023-06-30

ASPIRA ASSOCIATION INC, founded in 1968, is a small nonprofit that reported $965K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $192K, a strong 20% operating margin.

Mission

TO EMPOWER THE PUERTO RICAN AND THE LATINO COMMUNITY THROUGH ADVOCACY, EDUCATION, AND LEADERSHIP. DEVELOPMENT OF ITS YOUTH. IT ENDEAVORS TO DEVELOP THE INTELLECTUAL ANDCREATIVE CAPACITY OF PUERTO RICAN, LATINO, AND OTHER YOUTH BYMOTIVATING THEM TO BEGIN OR CONTINUE THEIR EDUCATION SO THAT THEY MAYOFFER THEIR TRAINING, SKILL AND DEDICATION TO THE BETTERMENT OF THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $965,350
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $965,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $297,752
Fundraising Expenses $0
Program Expenses $596,830
Other Expenses $444,545
TOTAL EXPENSES $773,529

Year-over-Year Comparison

2022 2021 Change
Revenue $965,350 $820,504 +0.2%
Expenses $773,529 $828,574 -0.1%
Net Income $191,821 $-8,070 -24.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
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
1
$160,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY VILLAMIL PRESIDENT AND CEO 40
Officer
$160,000 $0 $160,000
HILDA CRESPO VP OF PUBLIC POLICY 40
Highest
$114,223 $0 $114,223
ALFONSO DAVILA CHAIR 5
Director
$0 $0 $0
ELISE MIRANDA-MARTIN SECRETARY 5
Director
$0 $0 $0
FERNANDO GRILLO ESQ VICE CHAIR, FINANCE/TREASURER 5
Director
$0 $0 $0
FERNANDO ACEVEDO JR MEMBER 5
Director
$0 $0 $0
RUTH PACHECO MEMBER 5
Director
$0 $0 $0
LUIS MELENDEZ MEMBER 5
Director
$0 $0 $0
ROSEVELIE MARQUEZ MORALES ESQ MEMBER 5
Director
$0 $0 $0
CARLOS E SANTIAGO MEMBER 5
Director
$0 $0 $0
MARGARITA BENITEZ MEMBER 5
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
2024 No data No data No data No data
2023 $965,350 $773,529 $1,393,179 $191,821
2022 $820,504 $828,574 $1,622,494 $-8,070
2021 $320,023 $610,567 $1,633,749 $-290,544
2020 $291,677 $652,968 $1,908,780 $-361,291
2019 $312,741 $798,266 $1,912,444 $-485,525
2018 $811,983 $926,913 $2,387,666 $-114,930
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