FEDERACION DE CLUBES MICHOACANOS EN ILLINOIS

EIN: 412061019 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$2,726,425
Total Expenses
$2,463,815
Total Assets
$2,073,594
Net Assets
$1,165,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IL
Principal Officer
JOSE A ARREOLA
Phone
3124919317
Tax Period
2023-01-01 to 2023-12-31

FEDERACION DE CLUBES MICHOACANOS EN ILLINOIS, founded in 2002, is a small nonprofit in the Human Services sector that reported $238K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $327K exceeded revenue, resulting in a 37% operating deficit.

Mission

Federacion de Clubes Michoacanos en Illinois is a non-profit organization dedicated to the promotion of cultural, social, sports and educational activities among the Michoacan, Mexican and immigrant community in general, with a transnational mission.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,712,740
Program Service Revenue $0
Investment Income $0
Other Revenue $13,685
TOTAL REVENUE $2,726,425

Expense Breakdown

Grants Paid $35,478
Salaries & Benefits $903,912
Fundraising Expenses $55,115
Program Expenses $2,289,114
Other Expenses $1,524,425
TOTAL EXPENSES $2,463,815

Year-over-Year Comparison

2023 2022 Change
Revenue $2,726,425 $2,203,166 +0.2%
Expenses $2,463,815 $2,135,522 +0.2%
Net Income $262,610 $67,644 +2.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
21
Volunteers
10

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
4
$0
Total Directors
7
$92,667
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 5.00
Officer Director
$0 $0 $0
N/A Vice-President 3.00
Officer Director
$0 $0 $0
N/A Treasurer 4.00
Officer Director
$0 $0 $0
N/A Secretary 2.00
Officer Director
$0 $0 $0
N/A Board of Director/Speaker 1.00
Director
$0 $0 $0
Irma Avila Board of Director/Speaker 1.00
Director
$0 $0 $0
Margarita Lugo Executive Director 40.00
Director
$92,667 $0 $92,667
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 $2,726,425 $2,463,815 $2,073,594 $262,610
2023 No data No data No data No data
2022 $2,203,166 $2,128,508 $1,415,900 $74,658
2021 $3,094,255 $2,828,414 $525,830 $265,841
2021 $3,082,574 $3,453,367 $464,129 $-370,793
2020 $1,531,743 $1,632,490 $339,866 $-100,747
2019 $269,210 $294,977 $456,100 $-25,767
2018 $238,213 $327,028 $471,837 $-88,815
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