GREATER WASH HISPANIC CHAMB OF COMMERCE (EIN 223860377) - 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

2002

Legal Domicile

Principal Officer

NICOLE QUIROGA

Phone

2027280352

Tax Period

2024-01-01 to 2024-12-31

GREATER WASH HISPANIC CHAMB OF COMMERCE, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

SUPPORT THE ECONOMIC DEVELOPMENT OF THE WASH DC REGION BY FACILITATING THE SUCCESS OF LATINO AND OTHER MINORITY-OWNED BUSINESSES AND THE COMMUNITIES THEY SERVE THROUGH NETWORKING, ADVOCACY, EDUCATION AND ACESS TO CAPITAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,550

Program Service Revenue $1,109,043

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,223,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $511,530

Fundraising Expenses $0

Other Expenses $889,578

TOTAL EXPENSES $1,401,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,223,593	$735,299	+0.7%
Expenses	$1,401,108	$861,378	+0.6%
Net Income	$-177,515	$-126,079	+0.4%

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

N/A

Volunteers

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

$235,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE QUIROGA	PRESIDENT & CEO	38.00	Officer	$235,045	$0	$235,045
MARIA PATRICIA CORRALES	SECRETARY	5.00	Officer Director	$0	$0	$0
WILSON BADILLO	TREASURER	5.00	Officer Director	$0	$0	$0
IVY SAVOY SMITH	CHAIRWOMAN	5.00	Director	$0	$0	$0
JOSHUA APODACA	DIRECTOR	0.00	Director	$0	$0	$0
BECKY AQUINO	DIRECTOR	0.00	Director	$0	$0	$0
FRAICISCO AYALA	DIRECTOR	0.00	Director	$0	$0	$0
MARYA H BERGMAN	DIRECTOR	0.00	Director	$0	$0	$0
MARVIN CLARK	DIRECTOR	0.00	Director	$0	$0	$0
MAGARITA DILONE	DIRECTOR	0.00	Director	$0	$0	$0
MARCELLE FOLK	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL GOMES	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN GOFFEE	DIRECTOR	0.00	Director	$0	$0	$0
GIACOMO OGOYZUETA	DIRECTOR	0.00	Director	$0	$0	$0
GEOVANNY HERNANDEZ	DIRECTOR	0.00	Director	$0	$0	$0
JUAN JARA	DIRECTOR	0.00	Director	$0	$0	$0
HH LEONARDS	DIRECTOR	0.00	Director	$0	$0	$0
OMAR MOLINA	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS PEREDO	DIRECTOR	0.00	Director	$0	$0	$0
ANA MARIA SNCHEZ	DIRECTOR	0.00	Director	$0	$0	$0
JOSE M VILLAFANE	DIRECTOR	5.00	Director	$0	$0	$0
SHEILA YAHYAZADEH	DIRECTOR	5.00	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	$1,223,593	$1,401,108	$393,137	$-177,515
2023	$735,299	$861,378	$435,687	$-126,079
2023	$1,243,514	$1,372,574	$432,705	$-129,060
2022	$765,647	$663,243	$707,936	$102,404
2021	$1,561,844	$1,302,895	$591,945	$258,949
2020	$864,785	$888,832	$438,570	$-24,047
2019	$903,506	$1,014,388	$149,891	$-110,882
2018	$1,019,921	$1,038,405	$269,031	$-18,484

GREATER WASH HISPANIC CHAMB OF COMMERCE