LATIN AMERICAN COMMUNITY CENTER INC

EIN: 237047048 501(c)(3) Human Services

WILMINGTON, DE

Total Revenue
$8,057,042
Total Expenses
$8,333,997
Total Assets
$18,298,512
Net Assets
$9,945,612
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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
1969
Legal Domicile
DE
Principal Officer
MARIA MATOS
Phone
3026557338
Tax Period
2023-01-01 to 2023-12-31

LATIN AMERICAN COMMUNITY CENTER INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $8.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO EMPOWER THE LATINO COMMUNITY THROUGH EDUCATION, ADVOCACY, PARTNERSHIPS AND EXCEPTIONAL SERVICES

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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 $7,462,084
Program Service Revenue $523,964
Investment Income $226
Other Revenue $70,768
TOTAL REVENUE $8,057,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,991,291
Fundraising Expenses $296,022
Program Expenses $7,276,701
Other Expenses $2,342,706
TOTAL EXPENSES $8,333,997

Year-over-Year Comparison

2023 2022 Change
Revenue $8,057,042 $9,791,429 -0.2%
Expenses $8,333,997 $7,321,112 +0.1%
Net Income $-276,955 $2,470,317 -1.1%
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
213
Volunteers
120

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
7
$118,007
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE LOPEZ CHAIR 1.00
Officer Director
$0 $0 $0
WILSON A GUALPA ESQ VICE CHAIR 1.00
Officer Director
$0 $0 $0
CRISTINA BROUNCE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN MORTON TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL HARE CO-TREASURER 1.00
Officer Director
$0 $0 $0
UBEL VELEZ ESQUIRE MEMBER AT LA 1.00
Officer Director
$0 $0 $0
CARLOS DE LOS RAMOS MEMBER AT LA 1.00
Director
$0 $0 $0
FRANKIE BONILLA BOARD MEMBER 1.00
Director
$0 $0 $0
ROSA M COLON-KOLACKO PHD BOARD MEMBER 1.00
Director
$0 $0 $0
ZELIVETTE GONZALEZ FELICIANO BOARD MEMBER 1.00
Director
$0 $0 $0
VICTOR HERRERA-CERVANTES BOARD MEMBER 1.00
Director
$0 $0 $0
HECTOR MALDONADO-REIS CPA BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA NAZARIO BOARD MEMBER 1.00
Director
$0 $0 $0
KATE C RIERA PHD BOARD MEMBER 1.00
Director
$0 $0 $0
LUIS E SANTIAGO BOARD MEMBER 1.00
Director
$0 $0 $0
ROSALYN WASHINGTON PHD BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA MATOS PRESIDENT & 40.00
Officer
$112,384 $5,623 $118,007
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 $8,057,042 $8,333,997 $18,298,512 $-276,955
2022 $9,791,429 $7,321,112 $16,970,221 $2,470,317
2021 $11,525,780 $6,790,883 $10,996,689 $4,734,897
2020 $7,030,325 $6,300,941 $4,956,816 $729,384
2019 $5,074,768 $4,938,261 $2,861,397 $136,507
2018 $4,873,953 $4,742,525 $2,733,763 $131,428
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