Indiana Latino Institute Inc (EIN 260036285) - 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

2001

Legal Domicile

Principal Officer

Andrew Penalva

Phone

3174721055

Tax Period

2024-01-01 to 2024-12-31

Indiana Latino Institute Inc, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 48% operating deficit.

Mission

Our mission is to advance Latino educational attainment and workforce preparedness statewide through advocacy, leadership development, and culturally responsive programming

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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 $1,210,929

Program Service Revenue $309,176

Investment Income $39,052

Other Revenue $-80,452

TOTAL REVENUE $1,478,705

Expense Breakdown

Grants Paid $675,397

Salaries & Benefits $901,326

Fundraising Expenses $53,801

Program Expenses $1,993,930

Other Expenses $611,020

TOTAL EXPENSES $2,187,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,478,705	$2,817,179	-0.5%
Expenses	$2,187,743	$1,681,684	+0.3%
Net Income	$-709,038	$1,135,495	-1.6%

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

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

$288,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Art Vasquez	Chair	5.00	Officer Director	$0	$0	$0
Andrew Adams	Vice Chair	5.00	Officer Director	$0	$0	$0
Mike Merkel	Treasurer	5.00	Officer Director	$0	$0	$0
Dr Virginia Caine	Secretary	5.00	Officer Director	$0	$0	$0
Rebeca Espinoza Kubacki	Director	1.00	Director	$0	$0	$0
Rosemily Geyer	Director	1.00	Director	$0	$0	$0
James McBryant	Director	1.00	Director	$0	$0	$0
Alfonso Vidal	Director	1.00	Director	$0	$0	$0
Carole Casto	Director	1.00	Director	$0	$0	$0
Jadira Hoptry	Director	1.00	Director	$0	$0	$0
Ricardo Garcia De Alba	Director	1.00	Director	$0	$0	$0
Gina Miller	Director	1.00	Director	$0	$0	$0
Rafael Sanchez	Director	1.00	Director	$0	$0	$0
Danny Lopez	Director	1.00	Director	$0	$0	$0
Seth Morales	Director	1.00	Director	$0	$0	$0
Matzine Sanchez-Gutierrez	Director	1.00	Director	$0	$0	$0
Mario Rodriguez	Director	1.00	Director	$0	$0	$0
Greg Stremlaw	Director	1.00	Director	$0	$0	$0
Sam Centellas	Director	1.00	Director	$0	$0	$0
Marlene Dotson	President & CEO	40.00	Officer	$173,110	$22,380	$195,490
Andrew Penalva	Director of Workforce Development	40.00	Officer	$80,267	$12,889	$93,156

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	$1,478,705	$2,187,743	$3,705,887	$-709,038
2023	$2,817,179	$1,681,684	$4,266,333	$1,135,495
2022	$1,263,703	$1,414,713	$3,043,951	$-151,010
2021	$2,930,721	$824,622	$3,077,317	$2,106,099
2020	$993,164	$537,063	$974,656	$456,101
2019	$937,115	$750,812	$642,805	$186,303
2018	$697,502	$646,964	$443,243	$50,538

Indiana Latino Institute Inc