HISPANIC ECONOMIC DEVELOPMENT CORPORATION (EIN 431654693) - 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

1993

Legal Domicile

Principal Officer

PEDRO ZAMORA

Phone

8162213442

Tax Period

2021-06-01 to 2022-05-31

HISPANIC ECONOMIC DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit that reported $759K in total revenue in fiscal year 2021. Expenses of $677K left a modest 11% surplus.

Mission

TO IMPROVE THE LIVES OF LATINOS WITHIN THE GREATER KANSAS CITY AREA THROUGH BUSINESS DEVELOPMENT, AND ECONCOMIC AND COMMUNITY WEALTH CREATION INITIATIVES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $714,387

Program Service Revenue $13,765

Investment Income $12,846

Other Revenue $18,275

TOTAL REVENUE $759,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,854

Fundraising Expenses $35,661

Program Expenses $414,973

Other Expenses $276,525

TOTAL EXPENSES $677,379

Year-over-Year Comparison

	2021	2020	Change
Revenue	$759,273	$774,965	0.0%
Expenses	$677,379	$685,333	0.0%
Net Income	$81,894	$89,632	-0.1%

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

$115,084

Total Directors

$115,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEDRO ZAMORA	EXECUTIVE DIRECTOR	40.00	Officer Director	$86,900	$28,184	$115,084
JAMES K HERNANDEZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RONALD J MARTINO	TREASURER	1.00	Officer Director	$0	$0	$0
BILL BOURNE	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
VIRGIL L WHITE III	DIRECTOR	1.00	Director	$0	$0	$0
CLARA E IRAZABAL-ZURITA	DIRECTOR	1.00	Director	$0	$0	$0
GABRIEL HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER D TORRES	DIRECTOR	1.00	Director	$0	$0	$0
JOSE LUIS VALDEZ	DIRECTOR	1.00	Director	$0	$0	$0

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
2022	$759,273	$677,379	$4,014,261	$81,894
2021	$774,965	$685,333	$3,952,061	$89,632
2020	$1,420,113	$807,095	$3,728,821	$613,018
2019	$184,468	$800,666	$2,549,378	$-616,198
2018	$507,193	$650,620	$3,279,814	$-143,427

HISPANIC ECONOMIC DEVELOPMENT CORPORATION