MIDLANDS LATINO COMMUNITY DEVELOPM… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

MATT LINDELL

Phone

4029959623

Tax Period

2023-01-01 to 2023-12-31

MIDLANDS LATINO COMMUNITY DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $484K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

MLCDC PROVIDES LOW INCOME COMMUNITIES WITH OPPORTUNITIES TO GENERATE ECONOMIC GROWTH BY PROVIDING FINANCING PRODUCTS, DEVELOPMENT SERVICES, AND COMMUNITY DEVELOPMENT THAT ADVANCES THEIR ABILITY TO DEVELOP A SUSTAINABLE FUTURE IN THE MIDLANDS.MLCDC IS A NON-PROFIT ORGANIZATION THAT PROVIDES TECHNICAL ASSISTANCE AND TRAININGS WITH ITS FINANCIAL STABILITY, ENTREPRENEURSHIP, AND LENDING PROGRAMS. MLCDC IS A COMMUNITY ECONOMIC DEVELOPMENT INSTITUTION AND HAS BEEN SERVING THE COMMUNITY SINCE 2006.

Program Service Accomplishments

Program 1

Expenses: $123,156

FINANCIAL STABILITY MLCDC PROVIDED FINANCIAL EDUCATION TRAINING IN SPANISH, ENGLISH, ANDARABIC VIRTUALLY AND IN PERSON. DURING 2023, WE PROVIDED SERVICES TO225 INDIVIDUALS LOCATED IN THE GREATER...

FINANCIAL STABILITY MLCDC PROVIDED FINANCIAL EDUCATION TRAINING IN SPANISH, ENGLISH, ANDARABIC VIRTUALLY AND IN PERSON. DURING 2023, WE PROVIDED SERVICES TO225 INDIVIDUALS LOCATED IN THE GREATER OMAHA AREA AND EAST NEBRASKA AND 35 INDIVIDUALS IN COUNCIL BLUFFS. THESE CLASSES PROMPTED 210 HOURS OF FOLLOW-UP SERVICES THROUGH FINANCIAL COACHING. WE WORKED WITH THE MEXICAN CONSULATE IN OMAHA, NEBRASKA WHERE MLCDC PROVIDED WEEKLY PRESENTATIONS TO INDIVIDUALS ABOUT PERSONAL FINANCES.

Program 2

Expenses: $226,094

ENTREPRENEURSHIPMLCDC PROVIDED BUSINESS PLANNING AND BUSINESS ADMINISTRATION TRAINING.180 STUDENTS ENROLLED FOR THE BUSINESS PLAN CLASS. 80 CLIENTS ENROLLEDIN THE BUSINESS ADMINISTRATION CLASSES. 80 PERCENT OF OUR CLIENTS AREWOMEN AND WE HELPED TO REGISTER 54 NEW LIMITED LIABILITY COMPANIESWHILE PROVIDING 910 HOURS OF TECHNICAL ASSISTANCE THAT INCLUDE: PRODUCTDEVELOPMENT, SALES TAX, EIN REGISTRATION, FINANCIAL PROJECTIONS,OPERATIONS, MARKETING, AND SALES. MLCDC CONTINUES TO PROVIDE TECHNICALASSISTANCE TO 180 BIPOC BUSINESSES THAT HELPED TO REGISTER THEIRBUSINESSES SINCE 2019.

Program 3

Expenses: $35 Revenue: $5,909

LENDINGLENDING PROGRAMS: IN 2023, 1 LOAN APPLICATION WAS APPROVED. THIS LOANAPPLICATION WAS FOR A NEW GROCERY STORE THAT CREATED 2 NEW JOBS INTHE GREATER OMAHA AREA. WE CONTINUE TO PROVIDE SERVICES TO 5 LOANS THATRETAINED 23 JOBS SINCE 2021. MLCDC CONTINUE PROVIDING LOANS THROUGH THE SUPPORT OF CED GRANT AND LOCAL FOUNDATIONS TO PROVIDE LOANS TO CREATE JOBS IN THE GREATER OMAHA AREA. MLCDC IS WORKING WITH NALCAB TO APPLY FOR THE CDFI CERTIFICATION IN 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $462,834

Program Service Revenue $20,718

Investment Income $0

Other Revenue $0

TOTAL REVENUE $483,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,656

Fundraising Expenses $40,924

Program Expenses $349,285

Other Expenses $264,772

TOTAL EXPENSES $528,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,552	$525,791	-0.1%
Expenses	$528,428	$489,277	+0.1%
Net Income	$-44,876	$36,514	-2.2%

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

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

Total Directors

$112,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT LINDELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY CAROLUS	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH MOHON	SECRETARY	1.00	Officer Director	$0	$0	$0
COREY STEEN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JUAN MONTOYA	EXECUTIVE DIRECTOR	55.00	Director	$112,800	$0	$112,800

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	$483,552	$528,428	$755,384	$-44,876
2022	$525,791	$489,277	$1,341,477	$36,514
2021	$446,570	$407,117	$1,200,181	$39,453
2020	$206,455	$296,631	$1,220,051	$-90,176
2019	$344,941	$346,793	$1,291,686	$-1,852
2018	$464,358	$248,013	$1,305,805	$216,345

MIDLANDS LATINO COMMUNITY DEVELOPMENT CORPORATION