Latin Center (EIN 363028729) - 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

1975

Legal Domicile

Principal Officer

Elio DeArrudah

Phone

7737335055

Tax Period

2024-07-01 to 2025-06-30

Latin Center, founded in 1975, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $464K, a strong 30% operating margin.

Mission

Programs developed to reduce illiteracy, joblessness, poverty, homelessness in the Chicago area through bilingual/bicultural exchange of individuals residing in inner city neighborhoods.

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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 $1,552,046

Program Service Revenue $0

Investment Income $17,436

Other Revenue $1,783

TOTAL REVENUE $1,571,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $828,817

Fundraising Expenses $0

Program Expenses $930,319

Other Expenses $278,253

TOTAL EXPENSES $1,107,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,571,265	$1,395,454	+0.1%
Expenses	$1,107,070	$1,012,794	+0.1%
Net Income	$464,195	$382,660	+0.2%

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

N/A

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

Total Directors

Key Employees

$72,548

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jorge Martinez	Director	2.00	Director	$0	$0	$0
Rosa Solano	Director	2.00	Director	$0	$0	$0
Ricardo Batista	Director	2.00	Director	$0	$0	$0
Maria Tereza Paz Bustos	Secretary	2.00	Officer Director	$0	$0	$0
Jonas DaSilva	President	5.00	Officer Director	$0	$0	$0
Mayra Garcia Rodriguez	Treasurer	3.00	Officer Director	$0	$0	$0
Elio DeArrudah	Executive Director	5.00	Key Emp	$72,548	$0	$72,548

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	$1,571,265	$1,107,070	$4,989,132	$464,195
2024	No data	No data	No data	No data
2023	$1,603,920	$1,192,609	$4,114,067	$411,311
2022	$1,331,306	$1,023,017	$3,706,161	$308,289
2021	$1,402,253	$1,009,833	$3,511,066	$392,420
2020	$1,262,250	$875,940	$3,114,852	$386,310
2019	$1,090,728	$807,731	$2,603,835	$282,997

Latin Center