NORTH CAROLINA SOCIETY OF HISPANIC… - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

RICARDO EKMAY

Phone

9194678424

Tax Period

2022-01-01 to 2022-12-31

NORTH CAROLINA SOCIETY OF HISPANIC PROFESSIONALS INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $156K in total revenue in fiscal year 2022. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $178K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTE THE EDUCATION OF HISPANIC STUDENTS AT ALL SCHOLASTIC LEVELS.

Program Service Accomplishments

Program 1

Expenses: $12,443

ORGANIZED AND HOSTED HISPANIC EDUCATION SUMMITS IN WHICH HIGH SCOOL STUDENTS PARTICIPATED AS WELL AS PARENTS,TEACHERS AND PROFESSIONALS.

Program 2

Expenses: $111,814

SCHOLARSHIPS ARE AWARDED TO GRADUATES OF NORTH CAROLINA HIGH SCHOOLS WHO ARE OF HISPANIC OR LATINO BACKGROUND. VARIOUS OTHER SERVICES TO PROMOTE EDUCATION AMONG HISPANIC POPULATION WITHIN NORTH...

SCHOLARSHIPS ARE AWARDED TO GRADUATES OF NORTH CAROLINA HIGH SCHOOLS WHO ARE OF HISPANIC OR LATINO BACKGROUND. VARIOUS OTHER SERVICES TO PROMOTE EDUCATION AMONG HISPANIC POPULATION WITHIN NORTH CAROLINA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $155,303

Program Service Revenue $0

Investment Income $1,004

Other Revenue $0

TOTAL REVENUE $156,307

Expense Breakdown

Grants Paid $59,495

Salaries & Benefits $71,563

Fundraising Expenses $4,493

Program Expenses $124,257

Other Expenses $47,127

TOTAL EXPENSES $178,185

Year-over-Year Comparison

	2022	2021	Change
Revenue	$156,307	$323,203	-0.5%
Expenses	$178,185	$241,853	-0.3%
Net Income	$-21,878	$81,350	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCIO ANDERSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHELIA L BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
ROSA SOTO BROWN	DIRECTOR	N/A	Director	$0	$0	$0
RICARDO EKMAY	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
PAM GALES	SECRETARY	N/A	Officer Director	$0	$0	$0
ABNER MONEGRO	DIRECTOR	N/A	Director	$0	$0	$0
ULISES NAVARRO-LUVIANO	DIRECTOR	N/A	Director	$0	$0	$0
NEYRA TOLEDO OSORIO	DIRECTOR	N/A	Director	$0	$0	$0
MARIA ROSA RANGEL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RODOLFO RUIZ	TREASURER	N/A	Officer 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	$156,307	$178,185	$214,476	$-21,878
2021	$323,203	$241,853	$240,348	$81,350
2020	$281,852	$303,607	$196,532	$-21,755
2019	$316,602	$324,906	$179,118	$-8,304
2018	$321,370	$286,976	$185,209	$34,394

NORTH CAROLINA SOCIETY OF HISPANIC PROFESSIONALS INC