MICHIGAN HISPANIC CHAMBER OF COMMERCE

EIN: 382872956

AUBURN HILLS, MI

Total Revenue
$729,241
Total Expenses
$716,920
Total Assets
$629,363
Net Assets
$367,298
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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
MI
Principal Officer
MARK MORENO
Phone
5862065468
Tax Period
2024-01-01 to 2024-12-31

MICHIGAN HISPANIC CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit that reported $729K in total revenue in fiscal year 2024.

Mission

THE MICHIGAN HISPANIC CHAMBER OF COMMERCE WAS FORMED FOR THE PURPOSE OF ASSISTING HISPANIC & MINORITY BUSINESSES IN THE STATE OF MICHIGAN IN EXPANDING THEIR CUSTOMER BASES, STRENGTHING THEIR BUSINESS SKILLS, NETWORKING WITH OTHERS IN THE BUSINESS COMMUNITY AND PROMOTING ITS MEMBERS BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $279,143
Program Service Revenue $12,210
Investment Income $13,768
Other Revenue $424,120
TOTAL REVENUE $729,241

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $525,917
Fundraising Expenses $222,278
Program Expenses $291,233
Other Expenses $161,003
TOTAL EXPENSES $716,920

Year-over-Year Comparison

2024 2023 Change
Revenue $729,241 $704,244 +0.0%
Expenses $716,920 $710,016 +0.0%
Net Income $12,321 $-5,772 -3.1%
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
23
Independent Members
23
Employees
4
Volunteers
25

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
9
$184,200
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL URESTE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
COURTNEY MORALES HOFMANN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JACINTO BLANCO CORPORATE VICE CHAIR 2.00
Officer Director
$0 $0 $0
BRIAN MOORE CORPORATE VICE CHAIR 2.00
Officer Director
$0 $0 $0
DEAN MORALES HBE VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARIA MARIN HBE VICE CHAIR 2.00
Officer Director
$0 $0 $0
JEFF WYATT TREASURER 2.00
Officer Director
$0 $0 $0
JESSE VENEGAS SECRETARY 2.00
Officer Director
$0 $0 $0
JAMES BEATH DIRECTOR 2.00
Director
$0 $0 $0
OSCAR CAMARGO DIRECTOR 0.50
Director
$0 $0 $0
LAWRENCE GARCIA DIRECTOR 0.50
Director
$0 $0 $0
GABRIEL RODRIGUEZ-GARRIGA DIRECTOR 2.00
Director
$0 $0 $0
LYNN GARRISON DIRECTOR 0.50
Director
$0 $0 $0
RICHELLE GONZALEZ DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER GOOD DIRECTOR 0.50
Director
$0 $0 $0
JESSE LOPEZ DIRECTOR 0.50
Director
$0 $0 $0
ROBERT GARCIA DIRECTOR 0.50
Director
$0 $0 $0
JULIE NOWICKI DIRECTOR 2.00
Director
$0 $0 $0
BRUNO OLVERA DIRECTOR 0.50
Director
$0 $0 $0
LISA POINTER DIRECTOR 0.50
Director
$0 $0 $0
ANITA-MARIA QUILLEN DIRECTOR 0.50
Director
$0 $0 $0
JOSE FLORES DIRECTOR 0.50
Director
$0 $0 $0
JESUS HERNANDEZ DIRECTOR 0.50
Director
$0 $0 $0
MARK MORENO EXECUTIVE DIRECTOR 40.00
Officer
$175,900 $8,300 $184,200
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 $729,241 $716,920 $629,363 $12,321
2023 $704,244 $710,016 $603,465 $-5,772
2022 $610,002 $576,999 $572,121 $33,003
2021 $480,737 $490,351 $521,963 $-9,614
2020 $392,695 $497,977 $532,055 $-105,282
2019 $440,174 $425,263 $638,328 $14,911
2018 $560,170 $577,747 $580,231 $-17,577
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