HISPANIC BAR ASSOCIATION OF NEW JERSEY INC

EIN: 222327610

NEWARK, NJ

Total Revenue
$269,322
Total Expenses
$252,750
Total Assets
$233,459
Net Assets
$233,459
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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
1981
Legal Domicile
NJ
Principal Officer
JONATHAN BARERRA ESQ
Phone
9735976212
Tax Period
2023-01-01 to 2023-12-31

HISPANIC BAR ASSOCIATION OF NEW JERSEY INC, founded in 1981, is a small nonprofit that reported $269K in total revenue in fiscal year 2023. Revenue surged 325% from the prior year, signaling strong growth momentum. Expenses of $253K left a modest 6% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO SERVE THE PUBLIC INTEREST BY CULTIVATING THE ART AND SCIENCE OF JURISPRUDENCE, BY ADVANCING THE STANDING OF THE LEGAL PROFESSION, AND BY PRESERVING HIGH STANDARDS OF INTEGRITY, HONOR, AND PROFESSIONAL COURTESY AMONG HISPANIC LAWYERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $269,113
Investment Income $209
Other Revenue $0
TOTAL REVENUE $269,322

Expense Breakdown

Grants Paid $97,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $155,750
TOTAL EXPENSES $252,750

Year-over-Year Comparison

2023 2022 Change
Revenue $269,322 $63,303 +3.3%
Expenses $252,750 $97,742 +1.6%
Net Income $16,572 $-34,439 -1.5%
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

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
31

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
12
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JORGE DEARMAS ESQ TRUSTEE 0.00
Director
$0 $0 $0
CESAR MARTIN ESTELA ESQ TRUSTEE 0.00
Director
$0 $0 $0
CHRISTINE A SOTO ESQ TRUSTEE 0.00
Director
$0 $0 $0
CARMEN DIAZ-DUNCAN ESQ TRUSTEE 0.00
Director
$0 $0 $0
JORGE SANCHEZ ESQ TRUSTEE 0.00
Director
$0 $0 $0
LISETTE GUZMAN ESQ TRUSTEE 0.00
Director
$0 $0 $0
MARGO CHALY ESQ TRUSTEE 0.00
Director
$0 $0 $0
OWEN GONZALEZ ESQ TRUSTEE 0.00
Director
$0 $0 $0
RENATO H RONQUILLO ESQ TRUSTEE 0.00
Director
$0 $0 $0
JOSE ROMAN ESQ TRUSTEE 0.00
Director
$0 $0 $0
FRANCISCO GUZMAN ANDRADE ESQ TRUSTEE 0.00
Director
$0 $0 $0
JONATHAN I AMIRA ESQ TRUSTEE 0.00
Director
$0 $0 $0
MARIA Z CORTES ESQ TRUSTEE 0.00
Director
$0 $0 $0
LEIDY GUTIERREZ ESQ TRUSTEE AT LARGE 0.00
Director
$0 $0 $0
ALBA V AVILES ESQ TRUSTEE AT LARGE 0.00
Director
$0 $0 $0
FRANKLIN PAEZ ESQ TRUSTEE AT LARGE 0.00
Director
$0 $0 $0
ILEANA MONTES ESQ TRUSTEE AT LARGE 5YRS+ 0.00
Director
$0 $0 $0
JENNIFER MONGE ESQ TRUSTEE AT LARGE - YLC 0.00
Director
$0 $0 $0
DIANNA SANTIAGO ESQ YLC CHAIR 0.00
Director
$0 $0 $0
ALBERTINA WEBB ESQ PRESIDENT 0.00
Officer
$0 $0 $0
JACQUELINE S PENA ESQ PRESIDENT-ELECT 0.00
Officer
$0 $0 $0
CRISTAL LAMBERT ESQ VICE PRESIDENT OF NORTHERN 0.00
Officer
$0 $0 $0
JOSE A CALVES ESQ VICE PRESIDENT OF SOUTHERN 0.00
Officer
$0 $0 $0
NATHANIA REYES ESQ RECORDING SECRETARY 0.00
Officer
$0 $0 $0
ALEX J FAJARDO ESQ TREASURER 0.00
Officer
$0 $0 $0
ARIANNA MOURE ESQ MEMBERSHIP SECRETARY 0.00
Officer
$0 $0 $0
JONATHAN BARRERA ESQ FINANCE DIRECTOR 0.00
Officer
$0 $0 $0
PERLA MEDINA ESQ PRESS SECRETARY 0.00
Officer
$0 $0 $0
JOSEPH L LINARES ESQ HNBA LIAISON 0.00
Officer
$0 $0 $0
DENNISE MEJIA ESQ HISTORIAN 0.00
Officer
$0 $0 $0
TABATHA L CASTRO ESQ IMMEDIATE PAST PRESIDENT 0.00
Officer
$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 $269,322 $252,750 $233,459 $16,572
2022 $63,303 $97,742 $216,887 $-34,439
2021 $280,300 $199,405 $251,327 $80,895
2020 $37,923 $38,944 $239,507 $-1,021
2019 $250,251 $247,092 $171,452 $3,159
2018 $227,395 $170,670 $168,294 $56,725
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