NATIONAL HISPANIC MEDICAL ASSOCIATION (EIN 521884446) - 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

1994

Legal Domicile

Principal Officer

GILBERT BURGOS MD

Phone

2026285895

Tax Period

2024-01-01 to 2024-12-31

NATIONAL HISPANIC MEDICAL ASSOCIATION, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $4.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

ESTABLISHED IN 1994, IN WASHINGTON, DC, NHMA IS A NONPROFIT ASSOCIATION REPRESENTING 50,000 LICENSED HISPANIC PHYSICIANS IN THE U.S. NHMA'S MISSION IS TO EMPOWER HISPANIC PHYSICIANS TO LEAD EFFORTS TO IMPROVE THE HEALTH OF HISPANIC AND OTHER UNDERSERVED POPULATIONS.

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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 $2,992,163

Program Service Revenue $659,737

Investment Income $3,001

Other Revenue $2,304

TOTAL REVENUE $3,657,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,072,380

Fundraising Expenses $0

Other Expenses $2,256,583

TOTAL EXPENSES $4,328,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,657,205	$5,282,488	-0.3%
Expenses	$4,328,963	$4,917,021	-0.1%
Net Income	$-671,758	$365,467	-2.8%

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

$656,729

Total Directors

$308,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELENA RIOS MD MSPH	PRESIDENT & CEO THRU 6/30/24	40.00	Officer Director	$274,931	$33,392	$308,323
NEREIDA CORREA MD MPH	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
GILBERT BURGOS MD MPH CPE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ELIZABETH LEE-REY MD MPH	TREASURER	1.00	Officer Director	$0	$0	$0
DIANA RAMOS MD MPH	SECRETARY	1.00	Officer Director	$0	$0	$0
BERT JOHANSSON MD PHD	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
MARIA CARRASCO MD MPH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICARDO CORREA MD ESD FACP FA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HAYES BAUTISTA PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
YOLANGEL HERNANDEZ SUAREZ MD MBA F	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIANNA JARAMILLO MD	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVIA P PRECIADO MD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SAUCEDO	BOARD MEMBER	1.00	Director	$0	$0	$0
LEONARDO SEOANE MD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN TERNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA H ZAMORA MPA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALVARO GALVIS MD PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MORRIN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
LARISSA DE SOUZA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE DUVALL	CFO	40.00	Officer	$152,366	$29,519	$181,885
YVONNE MALLOY	COO	40.00	Officer	$141,318	$25,203	$166,521
YANECIA GREEN	DIRECTOR OF MEMBERSHIP/CHA	40.00	Highest	$129,721	$21,548	$151,269
MARIA F DURAND	COMMUNICATIONS DIRECTO	40.00	Highest	$130,000	$5,908	$135,908

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	$3,657,205	$4,328,963	$3,111,405	$-671,758
2023	$5,282,488	$4,917,021	$3,373,535	$365,467
2022	$3,422,283	$4,256,958	$2,776,910	$-834,675
2021	$2,970,215	$1,996,251	$1,336,182	$973,964
2020	$1,329,529	$1,274,369	$360,695	$55,160
2019	$1,763,079	$1,632,251	$300,227	$130,828
2018	$1,406,258	$1,815,831	$465,782	$-409,573

NATIONAL HISPANIC MEDICAL ASSOCIATION