CENTRO MULTICULTURAL LA FAMILIA INC (EIN 208900737) - 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

2007

Legal Domicile

Principal Officer

SONIA ACOSTA

Phone

2488587800

Tax Period

2023-10-01 to 2024-09-30

CENTRO MULTICULTURAL LA FAMILIA INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum.

Mission

CENTRO OFFERS BILINGUAL, BICULTURAL SERVICES IN THE AREAS OF MENTAL HEALTH, SUBSTANCE ABUSE, DOMESTIC VIOLENCE, VICTIMS OF CRIME SUPPORTS, HEALTH EDUCATION AND PROMOTION, LANGUAGE INTERPRETATION AND ENROLLMENT IN MEDICAL INSURANCE. CENTRO ALSO SERVES AS A CENTER FOR INFORMATION AND REFERRALS TO OTHER COMMUNITY RESOURCES.

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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 $1,881,943

Program Service Revenue $182,655

Investment Income $0

Other Revenue $3,230

TOTAL REVENUE $2,067,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,569,824

Fundraising Expenses $0

Program Expenses $1,785,841

Other Expenses $486,652

TOTAL EXPENSES $2,056,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,067,828	$1,015,169	+1.0%
Expenses	$2,056,476	$2,000,759	+0.0%
Net Income	$11,352	$-985,590	-1.0%

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

$109,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILL GARRETT	BOARD CHAIR/TREASURER	1.50	Officer Director	$0	$0	$0
CAROLYN KOHLS	BOARD MEMBER	1.50	Director	$0	$0	$0
THELMA ALCALA	BOARD MEMBER	1.50	Director	$0	$0	$0
AURA CAZARES	BOARD MEMBER	1.50	Director	$0	$0	$0
LISA VANIER	BOARD MEMBER	1.50	Director	$0	$0	$0
SONIA ACOSTA	PRESIDENT	40.00	Officer	$109,868	$0	$109,868

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	$2,067,828	$2,056,476	$304,392	$11,352
2023	$1,015,169	$2,000,759	$195,745	$-985,590
2022	$1,977,004	$1,839,445	$496,380	$137,559
2021	$1,498,588	$1,423,212	$347,451	$75,376
2020	$1,154,146	$960,124	$351,314	$194,022
2019	$576,129	$553,975	$124,077	$22,154

CENTRO MULTICULTURAL LA FAMILIA INC