Statewide Hispanic Chamber of Commerce of NJ

EIN: 223121532

Lyndhurst, NJ

Total Revenue
$2,018,530
Total Expenses
$1,367,799
Total Assets
$2,769,914
Net Assets
$2,622,695
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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
1989
Legal Domicile
NJ
Principal Officer
Carlos Medina
Phone
2019350035
Tax Period
2024-01-01 to 2024-12-31

Statewide Hispanic Chamber of Commerce of NJ, founded in 1989, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $651K, a strong 32% operating margin.

Mission

Foster the growth and economic well being of the statewide Hispanic business community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,966,755
Investment Income $51,775
Other Revenue $0
TOTAL REVENUE $2,018,530

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,912
Fundraising Expenses $0
Other Expenses $1,106,887
TOTAL EXPENSES $1,367,799

Year-over-Year Comparison

2024 2023 Change
Revenue $2,018,530 $1,924,350 +0.0%
Expenses $1,367,799 $1,202,884 +0.1%
Net Income $650,731 $721,466 -0.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
4
Volunteers
16

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
5
$184,200
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carlos Medina President 10.00
Officer
$158,700 $0 $158,700
Luis De La Hoz Chairperson 10.00
Officer
$25,500 $0 $25,500
Arturo Osorio Secretary 2.00
Officer
$0 $0 $0
Jeffrey Martinez Treasurer 2.00
Officer
$0 $0 $0
Claribel Cortes Vice Chair 2.00
Officer
$0 $0 $0
Robert Polanco Board member 2.00
Director
$0 $0 $0
Dana Rodriguez Board member 2.00
Director
$0 $0 $0
Guillermo Artiles Board member 2.00
Director
$0 $0 $0
Cristina Pinzon Board member 2.00
Director
$0 $0 $0
Ana Rodrigues Board member 2.00
Director
$0 $0 $0
Blenda Pinto Board member 2.00
Director
$0 $0 $0
Lilia Rios Board member 2.00
Director
$0 $0 $0
Luis Alamo Board member 2.00
Director
$0 $0 $0
Monica Martinez-Milan Board member 2.00
Director
$0 $0 $0
John Lucas Board member 2.00
Director
$0 $0 $0
Elisa Charters Board member 2.00
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 $2,018,530 $1,367,799 $2,769,914 $650,731
2023 $1,924,350 $1,202,884 $2,314,864 $721,466
2022 $1,357,180 $956,595 $1,558,931 $400,585
2022 $1,054,220 $951,793 $1,557,285 $102,427
2021 $968,385 $514,586 $1,179,726 $453,799
2020 $712,205 $557,560 $720,602 $154,645
2019 $745,444 $596,238 $552,965 $149,206
2018 $621,281 $504,691 $413,705 $116,590
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