HACE (EIN 232142317) - 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

1982

Legal Domicile

Principal Officer

MARIA GONZALEZ

Phone

2154268025

Tax Period

2023-07-01 to 2024-06-30

HACE, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $3.8M left a modest 7% surplus.

Mission

COMMUNITY DEVELOPMENT, HOUSING COUNSELING, DEVELOPMENT OF JOBS ALONG MAIN STREET CORRIDOR.

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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 $2,836,887

Program Service Revenue $1,038,480

Investment Income $12,429

Other Revenue $165,452

TOTAL REVENUE $4,053,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,610,044

Fundraising Expenses $21,516

Program Expenses $2,746,983

Other Expenses $2,147,169

TOTAL EXPENSES $3,757,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,053,248	$6,283,501	-0.4%
Expenses	$3,757,213	$3,272,741	+0.1%
Net Income	$296,035	$3,010,760	-0.9%

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

$320,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA GONZALEZ	PRESIDENT	40.00	Officer	$181,952	$17,848	$199,800
HARRY TAPIA	DIRECTOR OPE	40.00	Officer	$111,264	$9,583	$120,847
MIQUEL GARCIA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RAFAEL A PORRATA-DORIA JR ESQ	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
ERICK MARTINEZ	TREASURER/SE	2.00	Officer Director	$0	$0	$0
YOCASATA LORA	MEMBER	1.00	Director	$0	$0	$0
LYDIA WALKER	MEMBER	1.00	Director	$0	$0	$0
LYNETTE SANTIAGO-LORENZE ESQ	MEMBER	1.00	Director	$0	$0	$0
GINA CHAPMAN	MEMBER	1.00	Officer Director	$0	$0	$0
JAVIER JANDAL	MEMBER	1.00	Director	$0	$0	$0
ROXANNE BELL	MEMBER	1.00	Officer Director	$0	$0	$0
RAYMOND SERRANO	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$4,053,248	$3,790,937	$15,878,568	$262,311
2024	$4,053,248	$3,757,213	$16,018,296	$296,035
2023	$6,283,501	$3,272,741	$18,537,543	$3,010,760
2022	$4,255,010	$2,671,929	$16,605,211	$1,583,081
2021	$6,404,606	$4,871,573	$14,015,566	$1,533,033
2020	$3,388,318	$2,723,005	$10,680,874	$665,313
2019	$2,906,215	$2,363,178	$9,830,584	$543,037
2018	$2,503,749	$2,072,611	$8,721,723	$431,138

HACE