HISPANIC AFFAIRS PROJECT

EIN: 271276653 501(c)(3) Human Services

Montrose, CO

Total Revenue
$931,002
Total Expenses
$477,034
Total Assets
$3,079,363
Net Assets
$3,079,363
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CO
Principal Officer
Ricardo Perez
Phone
9702404115
Tax Period
2025-01-01 to 2025-12-31

HISPANIC AFFAIRS PROJECT, founded in 2009, is a small nonprofit in the Human Services sector that reported $931K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $454K, a strong 49% operating margin.

Mission

Promoting immigrant integration by providing outreach/education, direct services and opportunities for leadership development of the Hispanic communities in Western Colorado. HAP assists families with immigration legal representation, community resources and activities to create a sense of belonging among newcomers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $873,441
Program Service Revenue $19,329
Investment Income $31,762
Other Revenue $6,470
TOTAL REVENUE $931,002

Expense Breakdown

Grants Paid $34,482
Salaries & Benefits $368,439
Fundraising Expenses $12,476
Program Expenses $407,458
Other Expenses $74,113
TOTAL EXPENSES $477,034

Year-over-Year Comparison

2025 2024 Change
Revenue $931,002 $708,366 +0.3%
Expenses $477,034 $445,770 +0.1%
Net Income $453,968 $262,596 +0.7%
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
7
Independent Members
7
Employees
8
Volunteers
125

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
1
$81,954
Total Directors
7
$0
Key Employees
1
$81,954
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ricardo Perez Executive Director 40
Officer Key Emp
$81,954 $0 $81,954
Joel Flores Board President 1
Director
$0 $0 $0
Carla Hernandez Treasurer 1
Director
$0 $0 $0
Marcos Irigoyen Secretary 1
Director
$0 $0 $0
James Perez Board Member 1
Director
$0 $0 $0
Jose Pacheco Board Member 1
Director
$0 $0 $0
Patricia Voorhis Board Member 1
Director
$0 $0 $0
Mariana Salcedo Board Member 1
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
2025 $931,002 $477,034 $3,079,363 $453,968
2024 $708,366 $445,770 $2,625,395 $262,596
2023 $790,388 $529,039 $2,362,799 $261,349
2022 $448,607 $407,917 $2,101,450 $40,690
2021 $1,497,011 $395,319 $2,066,254 $1,101,692
2020 $830,712 $372,351 $1,008,014 $458,361
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