JULIA DE BURGOS CULTURAL ARTS CENTER

EIN: 341676967 501(c)(3)

CLEVELAND, OH

Total Revenue
$848,328
Total Expenses
$365,869
Total Assets
$879,059
Net Assets
$863,743
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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
1989
Legal Domicile
OH
Principal Officer
LETITIA LOPEZ
Phone
2168945664
Tax Period
2023-01-01 to 2023-12-31

JULIA DE BURGOS CULTURAL ARTS CENTER, founded in 1989, is a small nonprofit that reported $848K in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 57% operating margin.

Mission

JULIA DE BURGOS CULTURAL ARTS CENTER TRANSFORMS LIVES BY PERSERVING, EDUCATING AND PROMOTING LATINO HERITAGE THROUGH THE TEACHING AND PRACTICE OF HISTORY, CULTURE, THE VISUAL, PERFORMING AND LITERARY ARTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $347,763
Program Service Revenue $19,062
Investment Income $1
Other Revenue $481,502
TOTAL REVENUE $848,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,175
Fundraising Expenses $16,329
Program Expenses $292,588
Other Expenses $255,694
TOTAL EXPENSES $365,869

Year-over-Year Comparison

2023 2022 Change
Revenue $848,328 $406,138 +1.1%
Expenses $365,869 $362,715 +0.0%
Net Income $482,459 $43,423 +10.1%
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
6
Volunteers
12

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
5
$40,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LETITIA LOPEZ EXECUTIVE DI 40.00
Officer
$40,000 $0 $40,000
MADELINE CORCHADO CO-CHAIR 6.00
Officer Director
$0 $0 $0
ROBERT KUNKLE TREASURER 6.00
Officer Director
$0 $0 $0
ALICIA LOVE SECRETARY 6.00
Officer Director
$0 $0 $0
MARIELY LUENGO BOARD CHAIR 6.00
Officer Director
$0 $0 $0
AUGUSTO BORDELOIS TRUSTEE 3.00
$0 $0 $0
DR DAISY DIAZ TRUSTEE 3.00
$0 $0 $0
KEVIN DE LEON TRUSTEE 3.00
$0 $0 $0
MARIO ORNELAS TRUSTEE 3.00
$0 $0 $0
R L RENDER TRUSTEE 3.00
$0 $0 $0
YARIMILKA RODRIGUEZ TRUSTEE 3.00
$0 $0 $0
KIRBY SUNTALA TRUSTEE 3.00
$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 No data No data No data No data
2023 $848,328 $365,869 $879,059 $482,459
2022 $406,138 $362,715 $404,052 $43,423
2021 $464,253 $500,211 $362,673 $-35,958
2020 $381,152 $161,231 $225,698 $219,921
2019 $59,053 $95,287 $14,871 $-36,234
2018 $135,269 $64,792 $53,134 $70,477
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