HISPANIC ALLIANCE INC

EIN: 262001603 501(c)(3)

CLEVELAND, OH

Total Revenue
$137,158
Total Expenses
$154,491
Total Assets
$18,091
Net Assets
$18,091
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
OH
Principal Officer
MARIBEL HOFMANN
Phone
2166614249
Tax Period
2019-01-01 to 2019-12-31

HISPANIC ALLIANCE INC, founded in 2008, is a small nonprofit that reported $137K in total revenue in fiscal year 2019. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 13% operating deficit.

Mission

HISPANIC ALLIANCE, INC. IS A NOT-FOR-PROFIT LOCAL HISPANIC MEMBERSHIP CORPORATION. ITS MISSION IS TO INTEGRATE THE HISPANIC/LATINO COMMUNITY BY UNITING, SUPPORTING, AND STRENGTHENING HISPANIC ALLIANCE (SEE SCHEDULE O) MEMBERS IN GREATER CLEVELAND AND NORTHERN OHIO; AND FURTHER THE SOCIAL, EDUCATIONAL AND ECONOMIC DEVELOPMENT OF THE HISPANIC/LATINO COMMUNITY THROUGH ADVOCACY, LEADERSHIP DEVELOPMENT AND THE FORMATION OF STRATEGIC PARTNERSHIPS. HISPANIC ALLIANCES' VISION IS TO BECOME THE VEHICLE TO INTEGRATE THE HISPANIC/LATINO COMMUNITY AND ALL OF ITS STAKEHOLDERS AS A VISIBLE, RECOGNIZABLE AND VALUABLE PRESENCE WITHIN THE HISPANIC/LATINO AND THE BROADER COMMUNITY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $137,158
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $137,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,647
Fundraising Expenses $17,728
Program Expenses $107,236
Other Expenses $75,844
TOTAL EXPENSES $154,491

Year-over-Year Comparison

2019 2018 Change
Revenue $137,158 $106,528 +0.3%
Expenses $154,491 $245,380 -0.4%
Net Income $-17,333 $-138,852 -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

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
50

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
4
$21,619
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN MOLINA CRESPO EXEC DIRECTO 40.00
Officer
$21,619 $0 $21,619
MAUREEN DEE VICE PRESIDE 6.00
Officer Director
$0 $0 $0
MARIBEL HOFMANN PRESIDENT N/A
Officer Director
$0 $0 $0
JOANNA LOPEZ INMAN DIRECTOR 3.00
Director
$0 $0 $0
N/A DIRECTOR 3.00
Director
$0 $0 $0
DEBBIE L KLEIN DIRECTOR 3.00
Director
$0 $0 $0
N/A DIRECTOR 3.00
Director
$0 $0 $0
DANIEL ORTIZ DIRECTOR 3.00
Director
$0 $0 $0
JEAN POLSTER DIRECTOR 3.00
Director
$0 $0 $0
OLGA ROSADO DIRECTOR 3.00
Director
$0 $0 $0
MICHELLE DEL TORO TREASURER 3.00
Officer Director
$0 $0 $0
N/A DIRECTOR 3.00
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
2019 $137,158 $154,491 $18,091 $-17,333
2018 $106,528 $245,380 $36,911 $-138,852
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