LATINO BUSINESS CHAMBER OF GREATER… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

DARREL SAUCEDA

Phone

5625566492

Tax Period

2024-01-01 to 2024-12-31

LATINO BUSINESS CHAMBER OF GREATER LA FOUNDATION INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $165K in total revenue in fiscal year 2024. Expenses of $203K exceeded revenue, resulting in a 23% operating deficit.

Mission

To facilitate economic structures and policy initiatives that empower Latino business development and foster economic growth across Los Angeles.

Program Service Accomplishments

Program 1

Expenses: $190,218

Technical assistance in organizing and uniting Latino business owners to grow and create positive economic impact. Accomplished through procurement , technical assistance, strategic planning...

Technical assistance in organizing and uniting Latino business owners to grow and create positive economic impact. Accomplished through procurement , technical assistance, strategic planning, advocacy, access to leaders, economic development and business education.

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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 $165,000

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $165,023

Expense Breakdown

Grants Paid $27,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $190,218

Other Expenses $175,868

TOTAL EXPENSES $203,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$165,023	$160,179	+0.0%
Expenses	$203,368	$70,883	+1.9%
Net Income	$-38,345	$89,296	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERNEST CAMACHO	Board Member	2.00	Director	$0	$0	$0
DAVID C LIZARRAGA	Board Member	2.00	Director	$0	$0	$0
MONTESUMA ESPARZA	Board Member	2.00	Director	$0	$0	$0
GILBERT R VASQUEZ	Board Member	5.00	Director	$0	$0	$0
JULIUS ARGUMEDO	Board Member	2.00	Officer	$0	$0	$0
DARREL SAUCEDA	Chairman	2.00	Officer	$0	$0	$0
DORENE C DOMINGUEZ	Vice Chair.	2.00	Officer	$0	$0	$0
FRANK VILLALOBOS	VICE CHAIRMAN	5.00	Officer	$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
2024	$165,023	$203,368	$222,113	$-38,345
2023	$160,179	$70,883	$260,458	$89,296
2022	$181,073	$19,357	$171,162	$161,716
2021	$156,019	$31,975	$149,764	$124,044
2019	$469,827	$454,537	$138,493	$15,290
2018	$605,696	$614,445	$121,170	$-8,749

LATINO BUSINESS CHAMBER OF GREATER LA FOUNDATION INC