Latin Art Organization of Arkansas

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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

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Latin Art Organization of Arkansas, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $55K in total revenue in fiscal year 2023. Expenses of $49K left a modest 11% surplus.

Mission

Promote and strengthen Latin culture through citizen participation in order to create spaces for various cultural events.Preserve and enrich the Latin cultural heritage in all its forms by contributing to its valuable traditions, customs and creations.

Program Service Accomplishments

Program 1

Expenses: $29,314 Revenue: $29,314

Promote and strengthen Latin culture through citizen participation in order to create spaces for various cultural events.Preserve and enrich the Latin cultural heritage in all its forms by...

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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 (2023)

Revenue Breakdown

Contributions & Grants $54,913

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $54,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $29,314

Other Expenses $36,664

TOTAL EXPENSES $48,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,913	N/A	N/A
Expenses	$48,664	N/A	N/A
Net Income	$6,249	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Silvia Merino	Community Events and Fundrais	Director	$0	$0	$0
Miriam J De La Torre	Community Outreach	Director	$0	$0	$0
Kayla S Hernandez	Treasurer	Director	$0	$0	$0
Hortencia Hernandez	President	Director	$0	$0	$0
Mark A Barrios	Secretary	Director	$0	$0	$0
Araceli Saucedo Lopez	Executive Director	Officer	$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
2023	$54,913	$48,664	$7,567	$6,249
2022	$64,019	$72,070	$1,318	$-8,051
2021	$78,831	$76,002	$9,369	$2,829