LATIN GRAMMY CULTURAL FOUNDATION (EIN 464770436) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

RAQUEL EGUSQUIZA

Phone

3055760036

Tax Period

2024-02-01 to 2025-01-31

LATIN GRAMMY CULTURAL FOUNDATION, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 9% surplus.

Mission

TO BRING INTERNATIONAL ATTENTION TO THE CONTRIBUTION OF LATIN MUSIC TO THE WORLD'S CULTURE TO PROVIDE HIGH QUALITY EDUCATION FOR YOUNG TALENTED CREATORS OF LATIN MUSIC AND TO PRESERVE LATIN MUSIC GENRES. THE FOUNDATION'S PRIMARY CHARITABLE FOCUS WILL BE PROVIDING SCHOLARSHIPS TO GIFTED AND TALENTED LATIN MUSIC CREATORS BETWEEN 18 AND 24 YEARS OF AGE FROM AROUND THE GLOBE TO PERFECT THE KNOWLEDGE AND INTERPRETATION OF LATIN MUSIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,757,930

Program Service Revenue $0

Investment Income $0

Other Revenue $-20,716

TOTAL REVENUE $3,737,214

Expense Breakdown

Grants Paid $953,588

Salaries & Benefits $1,578,471

Fundraising Expenses $369,837

Program Expenses $2,854,904

Other Expenses $837,802

TOTAL EXPENSES $3,389,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,737,214	$2,793,711	+0.3%
Expenses	$3,389,961	$2,934,263	+0.2%
Net Income	$347,253	$-140,552	-3.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$383,243

Total Directors

$1,147,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANUEL ABUD	MEMBER OF THE BOARD (FROM 8/24)	1.00	Director	$0	$42,362	$1,147,475
RAQUEL EGUSQUIZA	EXECUTIVE DIRECTOR	40.00	Officer	$337,554	$45,689	$383,243
NANNETTE VELEZ	MANAGING DIRECTOR, PROGRAMS AND DIGITAL MEDIA	40.00	Highest	$132,555	$39,376	$171,931
LOURDES MOLA	MANAGING DIRECTOR, ADVANCEMENT AND PHILANTHROPY	40.00	Highest	$138,174	$27,985	$166,159
REBECCA VILLAESCUSA	VP, DEVELOPMENT AND INDUSTRY PARTNERSHIPS	40.00	Highest	$142,488	$22,037	$164,525
IZMIRA SANTIAGO	MANAGING DIRECTOR, OPERATIONS & STRATEGY	41.00	Highest	$134,175	$28,127	$162,302
LUIS COBOS	CHAIR OF THE BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
HARVEY MASON JR	VICE CHAIR OF THE BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
RAUL VAZQUEZ	SECRETARY OF THE BOARD OF DIRECTORS	1.00	Officer Director	$0	$0	$0
GINNY PEIRATS	TREASURER OF THE BOARD (FROM 2/24)	1.00	Officer Director	$0	$0	$0
EDUARDO HUTT	MEMBER OF THE BOARD (FROM 8/24)	1.00	Director	$0	$0	$0
MANOLO DIAZ	MEMBER OF THE BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MIREYA CISNEROS	MEMBER OF THE BOARD OF DIRECTORS	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
2025	$3,737,214	$3,389,961	$3,839,225	$347,253
2024	$2,793,711	$2,934,263	$3,390,938	$-140,552
2023	$2,346,253	$2,281,763	$2,959,967	$64,490
2022	$2,064,873	$2,018,606	$2,673,582	$46,267
2021	$1,840,010	$1,821,563	$2,732,972	$18,447
2020	$2,291,165	$1,874,874	$2,321,541	$416,291
2019	$1,576,224	$1,314,641	$1,833,468	$261,583

LATIN GRAMMY CULTURAL FOUNDATION