THE LATINO HEALTH INSURANCE PROGRA… - 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

2010

Legal Domicile

Principal Officer

MILAGROS ABREU MD

Phone

5088751237

Tax Period

2024-01-01 to 2024-12-31

THE LATINO HEALTH INSURANCE PROGRAM INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

INCREASE ACCESS TO MEDICAL CARE AND FOOD FOR MINORITY RESIDENTS, CONNECT THEM TO MEDICAL SERVICES (INCLUDING PRIMARY CARE, SPECIALTY CARE, DENTAL CARE), AND HELP INDIVIDUALS TO APPLY FOR SNAP, AND TO PROMOTE THE MOST EFFECTIVE USE OF PREVENTIVE SERVICES, INCLUDING HEALTH SCREENING, PRENATAL CARE, WELLNESS VISITS, AND HEALTH EDUCATION, WHILE REDUCING MEDICAL COST. THE ORGANIZATION OFFERS A COMMUNITY BASED, CULTURALLY-SPECIFIC PROGRAM FOR HEALTH INSURANCE ENROLLMENT AND MAINTENANCE TO MINORITY RESIDENTS IN MA.

Program Service Accomplishments

Program 1

Expenses: $1,264,500 Revenue: $155,177

THE AGENCYS MAIN PROGRAM IS: TO CONNECT CLIENTS TO THE APPROPRIATE HEALTHCARE SERVICES (INCLUDING PRIMARY CARE, SPECIALTY CARE, DENTAL CARE), AND HELP INDIVIDUALS TO APPLY FOR SNAP (FOOD STAMPS) AND WIC. TO PROMOTE A MORE EFFECTIVE USE OF PREVENTIVE SERVICES (INCLUDING HEALTH SCREENINGS, PRENATAL CARE, WELLNESS VISITS, AND HEALTH EDUCATION) WHILE REDUCING MEDICAL COSTS. TO OFFER A COMMUNITY BASED, CULTURALLY SPECIFIC PROGRAM FOR HEALTH INSURANCE ENROLLMENT AND MAINTENANCE TO MINORITY RESIDENTS IN MASSACHUSETTS.

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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 $1,268,090

Program Service Revenue $155,177

Investment Income $34,591

Other Revenue $0

TOTAL REVENUE $1,457,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,385

Fundraising Expenses $24,010

Program Expenses $1,264,500

Other Expenses $653,663

TOTAL EXPENSES $1,423,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,457,858	$1,590,284	-0.1%
Expenses	$1,423,048	$1,044,394	+0.4%
Net Income	$34,810	$545,890	-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

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

$118,336

Total Directors

$120,048

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILAGROS ABREU	PRESIDENT & CEO	40.00	Officer Director	$110,006	$8,330	$118,336
IDRIS Z DAHOD	VACCINE COORD. & STAFF PEDIATRICIAN	29.80	Highest	$201,460	$0	$201,460
HENRY LUBEGA	LEAD CLINICAL PROVIDER	25.00	Highest	$117,372	$9,280	$126,652
RUBENIA BOMATAY	DIRECTOR	2.00	Director	$1,712	$0	$1,712
ANA SANABRIA	TREASURER	1.00	Officer Director	$0	$0	$0
ALEXANDRA MUENZE	CLERK	1.00	Officer Director	$0	$0	$0
JUAREZ GONZALVEZ	DIRECTOR	1.00	Director	$0	$0	$0
GERARDO PALACIOS	DIRECTOR	1.00	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
2024	$1,457,858	$1,423,048	$1,925,625	$34,810
2023	$1,590,284	$1,044,394	$1,885,344	$545,890
2022	$1,635,778	$1,076,242	$1,315,290	$559,536
2021	$892,114	$575,058	$718,852	$317,056
2020	$703,727	$442,059	$545,869	$261,668
2020	$634,537	$453,264	$405,852	$181,273
2019	$486,921	$485,668	$281,059	$1,253
2018	$600,202	$689,052	$288,960	$-88,850

THE LATINO HEALTH INSURANCE PROGRAM INC