FEDERACION DE CLUBES MICHOACANOS E… - Form 990 Financial Data

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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

2002

Legal Domicile

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 community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 10% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $593,249 Revenue: $0

Southern Border Arrival Asylee program (SBA): The SBA program is designed to address language barriers and lack of information about human services that prevent recent arrivals from the Southern...

Southern Border Arrival Asylee program (SBA): The SBA program is designed to address language barriers and lack of information about human services that prevent recent arrivals from the Southern Border from securing public benefits and services. SBA seeks to ensure that recent arrivals know about public benefits and assist those eligible to obtain them Priority for services must be for low-income LEP immigrants/refugees, seniors, women and youth with special needs residing in Illinois.

Program 2

Expenses: $571,292 Revenue: $0

Illinois Welcoming Center: Provide Illinois Welcoming Center services as a one-stop human service center designed to help immigrants navigate Illinois human services delivery system and local...

Illinois Welcoming Center: Provide Illinois Welcoming Center services as a one-stop human service center designed to help immigrants navigate Illinois human services delivery system and local resources. Program design can include co- location of services and provision of service coordination at the local level so individuals with multiple needs can be provided with comprehensive services from one central location.

Program 3

Expenses: $341,076 Revenue: $0

Legislative Add-on Case Management (CM): Provide Case Management, Education, Health Workshops, Legal Consultations, Youth Programming and Housing assistance as a one-stop human service center...

Legislative Add-on Case Management (CM): Provide Case Management, Education, Health Workshops, Legal Consultations, Youth Programming and Housing assistance as a one-stop human service center designed to help LEP immigrants and refugees meet their immediate needs and acclimate to the community/environment.

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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 (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

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

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

$92,667

Key Employees

Highest Compensated

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	$3,082,574	$3,453,367	$464,129	$-370,793
2021	$3,094,255	$2,828,414	$525,830	$265,841
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

FEDERACION DE CLUBES MICHOACANOS EN ILLINOIS