JULIA DE BURGOS CULTURAL ARTS CENT… - 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

1989

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $292,588

JULIA DE BURGOS' MAJOR PROGRAMS ARE: - MISS LATINA IMAGE: A LEADERSHIP PROGRAM FOR YOUNG LATINA GIRLS AGES 13 TO 17. - YOUTH/FAMILY ART: STUDENTS LEARN BASIC TO ADVANCED TECHNIQUES WITH ALL TYPES OF MEDIUMS. - BOOK CLUB: CLUB IS FOR AGES 18 AND UP AND DISCUSSES CULTURALLY RELEVANT BOOKS. - DANCE: STUDENTS LEARN A RANGE OF DANCES (BALLET, FLAMENCO, TRADITIONAL, LATIN, HIP-HOP) - GUITAR: IN COLLABORATION WITH CLEVELAND CLASSICAL GUITAR SOCIETY THIS CLASS IS FOR AGES 11-18. - UNIDOS POR EL ARTE: INITIATIVE SUPPORTS LATINO ARTISTS OF ALL AGES AND DISCIPLINES WITH OPPORTUNITIES, RESOURCES AND CONNECTIONS.

Program 2

SIGNATURE EVENTS: - HISPANIC HERITAGE MONTH: A CELEBRATION OF ALL LATINO CULTURES THROUGH FOOD, MUSIC, DANCE, AND TRADITION - AMOR ES AMOR - A CELEBRATION OF OUR LATINO LGBTQIA COMMUNITY - PLEIBOL- A COLLABORATION WITH THE BASEBALL HERITAGE MUSEUM, THIS EVENT CELEBRATES LATINO AND BLACK BASEBALL HISTORY. - PARRANDON NAVIDENO: A HOLIDAY CELEBRATION FOR THE ENTIRE COMMUNITY THANKS

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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 (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

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

$40,000

Total Directors

Key Employees

Highest Compensated

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

JULIA DE BURGOS CULTURAL ARTS CENTER