CENTRO ROMERO

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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

1987

Legal Domicile

Principal Officer

ROMAN RUIZ

Phone

7735085300

Tax Period

2024-01-01 to 2024-12-31

CENTRO ROMERO, founded in 1987, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

ASSIST DISADVANTAGED RESIDENTS OF CHICAGO'S EDGEWATER, ROGERS PARK, AND UPTOWN NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $867,905

LEGAL SERVICES:THE LEGAL SERVICES PROGRAM SERVED 6,143 CLIENTS WITH IMMIGRATION AND NATURALIZATION ISSUES. THESE CLIENT NUMBERS INCLUDE 50 ADULTS WHO COMPLETED APPLICATIONS FOR CITIZENSHIP, 39...

LEGAL SERVICES:THE LEGAL SERVICES PROGRAM SERVED 6,143 CLIENTS WITH IMMIGRATION AND NATURALIZATION ISSUES. THESE CLIENT NUMBERS INCLUDE 50 ADULTS WHO COMPLETED APPLICATIONS FOR CITIZENSHIP, 39 CLIENTS THAT BECAME LAWFUL PERMANENT RESIDENTS (LPRS), AND 50 CLIENTS WHO WERE NATURALIZED. WE PROCESSED 506 RENEWAL APPLICATIONS FOR THE DACA PROGRAM (DEFERRED ACTION FOR CHILDHOOD ARRIVALS) AND FILED 190 TPS RENEWALS (TEMPORARY PROTECTED STATUS).

Program 2

Expenses: $874,092

PUBLIC BENEFITS PROGRAM:A TOTAL OF 3,710 FAMILY MEMBERS BENEFITED FROM ACCESSING PUBLIC BENEFITS PROGRAMS.

Program 3

Expenses: $928,560

THE ADULT EDUCATION PROGRAMTHE ADULT EDUCATION PROGRAM SERVED 1,152 STUDENTS. THESE INCLUDE 450 ADULTS INSTRUCTED IN ENGLISH AS A SECOND LANGUAGE (ESL) AND 55 IN GENERAL EDUCATIONAL DEVELOPMENT...

THE ADULT EDUCATION PROGRAMTHE ADULT EDUCATION PROGRAM SERVED 1,152 STUDENTS. THESE INCLUDE 450 ADULTS INSTRUCTED IN ENGLISH AS A SECOND LANGUAGE (ESL) AND 55 IN GENERAL EDUCATIONAL DEVELOPMENT (GED). A TOTAL OF 198 ADULTS ATTENDED CITIZENSHIP TEST PREPARATION CLASSES, 6 RECEIVED VOCATIONAL TRAINING FOR HEALTHCARE CAREERS, AND 48 YOUNG CHILDREN AND PARENTS PARTICIPATED IN FAMILY LITERACY. A TOTAL OF 175 STUDENTS RECEIVED ONE-ON-ONE TUTORING FROM TRAINED VOLUNTEERS. 120 ADULTS RECEIVED JOB-READINESS TRAINING, AND 21 STUDENTS LEARNED BASIC EDUCATION COURSES IN PREPARATION FOR GED. SIXTY-SEVEN ADULTS RECEIVED COMPUTER SKILLS TRAINING, AND ANOTHER 12 STUDENTS BECAME PROFICIENT IN BASIC COMPUTER SKILLS.

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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 $1,835,205

Program Service Revenue $1,973,356

Investment Income $5,749

Other Revenue $-7,601

TOTAL REVENUE $3,806,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,865,520

Fundraising Expenses $119,525

Program Expenses $3,603,326

Other Expenses $1,066,107

TOTAL EXPENSES $3,931,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,806,709	$3,015,050	+0.3%
Expenses	$3,931,627	$3,218,415	+0.2%
Net Income	$-124,918	$-203,365	-0.4%

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

279

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

$78,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROMAN RUIZ	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL KASPRZYNSKI	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHELLE A WEITZ	SECRETARY	5.00	Officer Director	$0	$0	$0
AUDREY KUCIA	TREASURER	5.00	Officer Director	$0	$0	$0
RUTH GOMBERG-MUNOZ	DIRECTOR	5.00	Officer Director	$0	$0	$0
SANDRA ARELLANO	DIRECTOR	5.00	Director	$0	$0	$0
NORA E BECERRA	DIRECTOR	5.00	Director	$0	$0	$0
GUILLERMINA CARDENAS	DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH CAMILO	DIRECTOR	5.00	Director	$0	$0	$0
NADIA J JIMENEZ	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA MAZA-PITTSFORD	DIRECTOR	5.00	Director	$0	$0	$0
DAYSI J FUNES	EX OFFICIO EXEC DIRECTOR	40.00	Director	$78,250	$0	$78,250
JUDY VERAMENDI	DIRECTOR	5.00	Director	$0	$0	$0
MAYRA KHAN	DIRECTOR	5.00	Director	$0	$0	$0
PETER LOPRESTI PANIAGUA	DIRECTOR	5.00	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	$3,806,709	$3,931,627	$1,322,113	$-124,918
2023	$3,015,050	$3,218,415	$1,472,235	$-203,365
2022	$2,890,811	$2,971,379	$1,484,824	$-80,568
2021	$2,667,687	$2,544,269	$1,544,356	$123,418
2020	$2,687,582	$2,334,355	$1,260,168	$353,227