CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $724K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 55% operating deficit.
TO FOSTER THE ECONOMIC GROWTH AND DEVELOPMENT OF THE LATIN AMERICAN BUSINESS COMMUNITY IN THE CHARLOTTE, NC REGION WITH A PLATFORM OF EVENTS AND PROGRAMS THAT INCLUDE OPPORTUNITIES IN NETWORKING, MENTORING, ACCESS, RETOOLING SEMINARS, LEADERSHIP DEVELOPMENT, AND ACCULTURATION TO HELP THAT BUSINESS COMMUNITY SUCCEED IN THE US BUSINESS ENVIRONMENT.
CONNECT AND EMPOWER LATINO AND NON-LATINO BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS TO DO BUSINESS AMONG EACH OTHER AS WELL AS WITH LARGE CORPORATIONS AND STRATEGIC PARTNERS IN ORDER TO FIND...
CONNECT AND EMPOWER LATINO AND NON-LATINO BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS TO DO BUSINESS AMONG EACH OTHER AS WELL AS WITH LARGE CORPORATIONS AND STRATEGIC PARTNERS IN ORDER TO FIND OPPORTUNITIES FOR GROWTH, PROSPERITY AND FASTER INTEGRATION IN OUR ECONOMY. THE ORGANIZATION HOSTED 16 EVENTS THROUGHOUT THE YEAR WITH 6 PROGRAMS AND 22 SEMINARS ON DIFFERENT TOPICS.
PROVIDE INFORMATION AND BUSINESS REFERRALS TO MEMBERS OF THE LATIN AMERICAN BUSINESS COMMUNITY IN CHARLOTTE IN ADDITION TO PROGRAMS BASED ON SMALL BUSINESS RESOURCES AND WORKFORCE DEVELOPMENT. 6...
PROVIDE INFORMATION AND BUSINESS REFERRALS TO MEMBERS OF THE LATIN AMERICAN BUSINESS COMMUNITY IN CHARLOTTE IN ADDITION TO PROGRAMS BASED ON SMALL BUSINESS RESOURCES AND WORKFORCE DEVELOPMENT. 6 PROGRAMS WERE OFFERED THROUGHOUT THE YEAR SERVING 153 CLIENTS WITH A VARIETY BEING STUDENTS AND SMALL BUSINESS OWNERS.
PROVIDE SEMINARS ON RELEVANT BUSINESS AND COMMUNITY TOPICS. SEMINARS FOCUSED ON SMALL BUSINESS TOPICS, FINANCIAL LITERACY, AND TECHNICAL SKILLS FOR THE COMMUNITY. 22 SEMINARS WERE OFFERED THROUGHOUT...
PROVIDE SEMINARS ON RELEVANT BUSINESS AND COMMUNITY TOPICS. SEMINARS FOCUSED ON SMALL BUSINESS TOPICS, FINANCIAL LITERACY, AND TECHNICAL SKILLS FOR THE COMMUNITY. 22 SEMINARS WERE OFFERED THROUGHOUT THE YEAR SERVING 324 CLIENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $724,124 | $1,064,255 | -0.3% |
| Expenses | $1,119,326 | $697,626 | +0.6% |
| Net Income | $-395,202 | $366,629 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SIMON MUNOZ-ALVAREZ | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHANNA SUAREZ | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN ROJAS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERLAN MARTINOZ | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIFFANY ANDERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIO MENDIGANA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FEDERICO CARBALLO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARTA TATAJE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANILO FORMOLO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER MORGAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NATALIA SANCHEZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| IVAN DIAZ-CAMPOS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS PARKS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PACINO MANCILLAS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GRISELDA BAILEY | OUTGOING - PRESIDENT & CEO | 40.00 |
Officer
|
$114,850 | $0 | $114,850 |
| BADIH ARANA | CFO | 40.00 |
Officer
|
$9,366 | $0 | $9,366 |
| MANUEL REY | INCOMING - PRESIDENT & CEO | 40.00 |
Officer
|
$18,958 | $0 | $18,958 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $724,124 | $1,119,326 | $308,004 | $-395,202 |
| 2023 | $1,064,255 | $697,626 | $561,219 | $366,629 |
| 2022 | $543,944 | $597,544 | $191,415 | $-53,600 |
| 2021 | $515,149 | $589,662 | $264,039 | $-74,513 |
| 2020 | $520,628 | $486,080 | $418,663 | $34,548 |
| 2019 | $445,322 | $353,373 | $294,087 | $91,949 |
| 2018 | $358,498 | $346,953 | $202,010 | $11,545 |
Compare LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE with other nonprofits in North Carolina and across the country.