LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE (EIN 415840747) - 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

2001

Legal Domicile

Principal Officer

MANUEL REY

Phone

7043432525

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $372,711

Program Service Revenue $351,413

Investment Income $0

Other Revenue $0

TOTAL REVENUE $724,124

Expense Breakdown

Grants Paid $27,800

Salaries & Benefits $259,877

Fundraising Expenses $0

Other Expenses $831,649

TOTAL EXPENSES $1,119,326

Year-over-Year Comparison

	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%

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

$143,174

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE