HISPANIC CONTRACTORS ASSOCIATION OF THE CAROLINAS (EIN 205793719) - Form 990 Financial Analysis & Trantor Score

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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

RICHARD LATORRE

Tax Period

2023-01-01 to 2023-12-31

HISPANIC CONTRACTORS ASSOCIATION OF THE CAROLINAS, founded in 2006, is a small nonprofit in the Civil Rights & Advocacy sector that reported $467K in total revenue in fiscal year 2023. Revenue surged 269% from the prior year, signaling strong growth momentum. Expenses of $413K left a modest 12% surplus.

Mission

THE HCAC PROVIDES EDUCATION, TRAINING, AND BUSINESS DEVELOPMENT SUPPORT TO HISPANIC CONTRACTORS IN THE CAROLINAS TO HELP ENSURE THEIR CONTINUOUS SUCCESS IN THE CONSTRUCTION INDUSTRY OF THE REGION.

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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 $466,738

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $466,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,535

Fundraising Expenses $0

Program Expenses $61,042

Other Expenses $195,175

TOTAL EXPENSES $412,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,738	$126,561	+2.7%
Expenses	$412,710	$152,360	+1.7%
Net Income	$54,028	$-25,799	-3.1%

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

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

Total Directors

$137,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA VELEZ	EXECUTIVE DIRECTOR	40.00	Director Highest	$137,297	$0	$137,297
DANILO ORDONEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
PACINO MANCILLAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN C RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN BEST	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY SHELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JODI VEDELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
RENEE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY STAMPER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD LATORRE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOMENICO SANTILLI	TREASURER	1.00	Officer Director	$0	$0	$0
CARLA DANIELS	SECRETARY	1.00	Officer 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	$466,738	$412,710	$64,462	$54,028

HISPANIC CONTRACTORS ASSOCIATION OF THE CAROLINAS