LATINO CHAMBER OF COMMERCE OF DANE COUNTY INC

EIN: 261771853 Community Improvement

FITCHBURG, WI

Total Revenue
$1,010,761
Total Expenses
$1,097,121
Total Assets
$2,110,375
Net Assets
$501,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
WI
Principal Officer
JORGE ANTEZANA
Phone
6087123522
Tax Period
2023-01-01 to 2023-12-31

LATINO CHAMBER OF COMMERCE OF DANE COUNTY INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO MAXIMIZE ECONOMIC DEVELOPMENT AND JOB CREATION THROUGH ADVOCACY AND PROGRAMS THAT GENERATE SUCCESS AND VALUE FOR OUR LATINO AND NON-LATINO BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY REPRESENTS THE LATINO AND NON-LATINO BUSINESS COMMUNITY IN THE GREATER MADISON AND SURROUNDING CITIES. WE ASSIST AND PROMOTE THE INTERESTS OF OUR MEMBERS...

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THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY REPRESENTS THE LATINO AND NON-LATINO BUSINESS COMMUNITY IN THE GREATER MADISON AND SURROUNDING CITIES. WE ASSIST AND PROMOTE THE INTERESTS OF OUR MEMBERS AND COMMUNITY THROUGH ADVOCACY AND PROGRAMS THAT MAKE AN OVERALL IMPACT TO DANE COUNTY'S ECONOMIC GROWTH. THE DIVERSE RELATIONSHIP OF OUR ACTIVE MEMBERS AND PARTNERS IS AN IDEAL MIXTURE OF SMALL BUSINESS OWNERS, CORPORATE REPRESENTATIVES, AND GOVERNMENT LEADERS.AS REGIONAL LEADERS, WE ARE COMMITTED TO PROMOTING A FAVORABLE BUSINESS CLIMATE, TO ADVANCING ECONOMIC DEVELOPMENT, AND TO PROVIDE FAIR EQUITABLE ACCESS TO THE MARKETPLACE FOR EMERGING AND EXISTING BUSINESSES. OUR MEMBERS OF SMALL AND MEDIUM-SIZED BUSINESSES ARE THE BACKBONE OF OUR LOCAL ECONOMY WHICH IS WHY WE STRONGLY EMPHASIZE THE IMPORTANCE OF OUR CHAMBER OF COMMERCE NETWORK AND CONTACTS.

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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 $977,504
Program Service Revenue $32,792
Investment Income $465
Other Revenue $0
TOTAL REVENUE $1,010,761

Expense Breakdown

Grants Paid $18,569
Salaries & Benefits $452,028
Fundraising Expenses $0
Other Expenses $580,324
TOTAL EXPENSES $1,097,121

Year-over-Year Comparison

2023 2022 Change
Revenue $1,010,761 $962,927 +0.0%
Expenses $1,097,121 $688,837 +0.6%
Net Income $-86,360 $274,090 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
17
Volunteers
26

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
$62,235
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCIO SIERRA CHAIR 4.00
Officer Director
$0 $0 $0
RAY FELIZ VICE CHAIR 4.00
Officer Director
$0 $0 $0
NURY CASTILLO SECRETARY 2.00
Officer Director
$0 $0 $0
PRISCILLA PRADO TREASURER 2.00
Officer Director
$0 $0 $0
SARITA MANNIGEL DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL KORNEMANN DIRECTOR 2.00
Director
$0 $0 $0
VIC VILLACREZ DIRECTOR 2.00
Director
$0 $0 $0
CAROLE SCHAEFFER DIRECTOR 2.00
Director
$0 $0 $0
DAVE HEIDE DIRECTOR 2.00
Director
$0 $0 $0
JESSICA CAVAZOS PRESIDENT AND CEO 40.00
Officer
$61,094 $1,141 $62,235
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 $1,010,761 $1,097,121 $2,110,375 $-86,360
2022 $962,927 $688,837 $1,734,595 $274,090
2021 $664,206 $438,019 $294,385 $226,187
2020 $258,552 $265,104 $35,171 $-6,552
2019 $213,822 $267,090 $27,981 $-53,268
2018 $192,389 $237,773 $85,343 $-45,384
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