Spanish American Committee (EIN 341028559) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Phone

2169612100

Tax Period

2024-01-01 to 2024-12-31

Spanish American Committee, founded in 1966, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.6M left a modest 10% surplus.

Mission

Mission: The Spanish American Committees mission is act and serve as a gateway to socioeconomic success for individuals and families in Northeast Ohio while maintaining and celebrating a Latino perspective and focus to all.

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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 $1,559,806

Program Service Revenue $162,582

Investment Income $57,567

Other Revenue $358

TOTAL REVENUE $1,780,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,060,922

Fundraising Expenses $0

Program Expenses $1,483,629

Other Expenses $549,906

TOTAL EXPENSES $1,610,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,780,313	$1,930,036	-0.1%
Expenses	$1,610,828	$1,539,164	+0.0%
Net Income	$169,485	$390,872	-0.6%

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

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

$136,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMONITA VARGAS	Executive Director	40.00	Officer	$136,874	$0	$136,874
STEVE HARMON	Trustee	1.00		$0	$0	$0
KENNY TORRES	Trustee	1.00		$0	$0	$0
MONICA ANA YEPES	Trustee	1.00		$0	$0	$0
EDDIE RIVIERO	Trustee	1.00		$0	$0	$0
ADRIAN MALDONADO	Trustee	1.00		$0	$0	$0
Carlos Osequera	Trustee	1.00		$0	$0	$0
TIFFANY MONTGOMERY	Vice President	1.00	Officer	$0	$0	$0
ANGEL RODRIGUEZ	Board Chair	1.00	Officer	$0	$0	$0
LUIS VIZCARRONDO	Treasurer	1.00	Officer	$0	$0	$0
MARCIA NOLAN	Secretary	1.00	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	$1,780,313	$1,610,828	$2,148,798	$169,485
2023	$1,930,036	$1,539,164	$1,975,015	$390,872
2022	$1,610,115	$1,210,739	$1,687,633	$399,376
2021	$1,069,667	$927,936	$1,210,777	$141,731
2020	$1,170,646	$1,028,557	$1,171,019	$142,089
2019	$1,087,335	$1,054,149	$967,044	$33,186
2018	$1,206,966	$873,739	$881,909	$333,227

Spanish American Committee