Instituto Cervantes of Chicago Inc (EIN 364092149) - 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

1996

Legal Domicile

Principal Officer

Mara Luisa Santos Garca

Phone

3123351996

Tax Period

2024-01-01 to 2024-12-31

Instituto Cervantes of Chicago Inc, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

Promote use of spanish as a second language and spanish cultural activities.

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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 $1,928,435

Program Service Revenue $850,684

Investment Income $0

Other Revenue $86,832

TOTAL REVENUE $2,865,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $820,338

Fundraising Expenses $0

Program Expenses $1,961,899

Other Expenses $1,650,938

TOTAL EXPENSES $2,471,276

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,865,951	$2,283,312	+0.3%
Expenses	$2,471,276	$2,518,073	0.0%
Net Income	$394,675	$-234,761	-2.7%

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

N/A

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

$169,059

Total Directors

$169,059

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luis Garcia Montero	Chairman	37.50	Officer Director	$0	$0	$0
Carmen Noguera Galilea	Vice Chairman	37.50	Officer Director	$0	$0	$0
Anastasio Sanchez Zamorano	President & Director (end 8/31/24)	37.50	Officer Director	$0	$0	$108,744
Manuel Valenzuela Villarrubia	Treasurer	37.50	Officer Director	$0	$0	$0
Maria Luisa Santos Garcia	President & Director (beg 8/31/24)	37.50	Officer Director	$0	$0	$60,315

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	$2,865,951	$2,471,276	$4,419,074	$394,675
2023	$2,283,312	$2,518,073	$4,823,012	$-234,761
2022	$2,244,448	$2,390,453	$5,544,900	$-146,005
2021	$2,489,461	$2,054,017	$741,739	$435,444
2020	$2,398,824	$2,147,282	$726,307	$251,542
2019	$2,571,142	$2,608,036	$868,204	$-36,894
2018	$2,336,786	$2,434,706	$1,127,174	$-97,920

Instituto Cervantes of Chicago Inc