Immersion for Spanish Language Acq

EIN: 455336885 501(c)(3) Arts, Culture & Humanities

Chapel Hill, NC

Total Revenue
$473,948
Total Expenses
$520,464
Total Assets
$5,376
Net Assets
$-3,938
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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
2012
Legal Domicile
NC
Principal Officer
Dayson Pasion
Phone
9192657692
Tax Period
2024-07-01 to 2025-06-30

Immersion for Spanish Language Acq, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $474K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

To build community and leadership through educational Spanish language cultural immersion programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $388,506
Program Service Revenue $84,919
Investment Income $523
Other Revenue $0
TOTAL REVENUE $473,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $395,476
Fundraising Expenses $14,596
Program Expenses $419,738
Other Expenses $124,988
TOTAL EXPENSES $520,464

Year-over-Year Comparison

2024 2023 Change
Revenue $473,948 $513,734 -0.1%
Expenses $520,464 $662,452 -0.2%
Net Income $-46,516 $-148,718 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
78
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dayson Pasion President 1.00
Officer
$0 $0 $0
Jennifer D de Lima Vice President 1.00
Officer
$0 $0 $0
Jessica Pasion Treasurer 1.00
Officer
$0 $0 $0
Josue Cordova Co Executive Director 40.00
Key Emp
$0 $0 $0
Susan Benites Co Executive Director 40.00
Key Emp
$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
2025 $473,948 $520,464 $5,376 $-46,516
2024 $513,734 $662,452 $51,890 $-148,718
2023 $809,635 $743,564 $192,889 $66,071
2022 $706,873 $619,843 $171,076 $87,030
2021 $487,901 $490,114 $321,926 $-2,213
2020 $391,380 $441,116 $85,680 $-49,736
2019 $352,240 $290,198 $74,621 $62,042
2018 $252,598 $263,651 $12,513 $-11,053
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