HISPANIC IT EXECUTIVE COUNCIL (EIN 205975604) - 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

OMAR DUQUE

Phone

2489520200

Tax Period

2023-01-01 to 2023-12-31

HISPANIC IT EXECUTIVE COUNCIL, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $668K, a strong 20% operating margin.

Mission

TO PROMOTE HISPANIC IT LEADERSHIP IN THE TECHNOLOGY INDUSTRY. HITEC WILL PROVIDE THESE CURRENT AND FUTURE LEADERS WITH A SOLID SKILL SET THROUGH PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES.

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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 $1,703,477

Program Service Revenue $1,642,569

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,346,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $887,259

Program Expenses $1,001,701

Other Expenses $2,320,236

TOTAL EXPENSES $2,678,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,346,046	$1,918,896	+0.7%
Expenses	$2,678,036	$2,306,502	+0.2%
Net Income	$668,010	$-387,606	-2.7%

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

130

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

$605,863

Total Directors

$300,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OMAR DUQUE	PRESIDENT	40.00	Officer Director Highest	$300,000	$0	$300,000
ROSA RAMOS-KWOK	CHAIRMAN	2.50	Officer Director	$0	$0	$0
MIRIAM HERNANDEZ-KAKOL	VICE CHAIRPERSON	2.50	Officer Director	$0	$0	$0
DARRELL HIGUEROS	TREASURER	2.50	Officer Director	$0	$0	$0
JESUS MANTAS	SECRETARY	2.50	Officer Director	$0	$0	$0
ELIZABETH AGOSTO	DIRECTOR	1.50	Director	$0	$0	$0
NELLIE BORRERO	DIRECTOR	1.50	Director	$0	$0	$0
EDDIE BORRERO	DIRECTOR	1.50	Director	$0	$0	$0
ALVARO CELIS	DIRECTOR	1.50	Director	$0	$0	$0
JESSE CORTEZ	DIRECTOR	1.50	Director	$0	$0	$0
MARCELO DE SANTIS	DIRECTOR	1.50	Director	$0	$0	$0
JONATHAN ECHEVERRIA	DIRECTOR	1.50	Director	$0	$0	$0
YAMILA HARRIS	DIRECTOR	1.50	Director	$0	$0	$0
MARIA LENSING	DIRECTOR	1.50	Director	$0	$0	$0
LUCIA SOARES	DIRECTOR	1.50	Director	$0	$0	$0
ADRIANA TORRES	DIRECTOR	1.50	Director	$0	$0	$0
SUSANA C RAMIREZ	EXECUTIVE DIRECTOR OF HITEC	40.00	Officer Highest	$181,863	$0	$181,863
KELLEY M FRANCIS	EXECUTIVE DIRECTOR OF HITEC FOUNDATION	40.00	Officer Highest	$124,000	$0	$124,000

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	$3,346,046	$2,678,036	$2,741,871	$668,010
2022	$1,918,896	$2,137,202	$2,264,508	$-218,306
2022	$1,918,896	$2,306,502	$2,264,508	$-387,606
2021	$2,139,663	$1,600,296	$1,961,139	$539,367
2020	$1,994,500	$1,531,899	$1,398,288	$462,601
2019	$1,340,037	$1,524,621	$899,261	$-184,584
2018	$1,275,730	$1,063,904	$1,163,270	$211,826

HISPANIC IT EXECUTIVE COUNCIL