Acercamiento Hispano (EIN 571030805) - 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

1995

Legal Domicile

Principal Officer

Miguel Veliz Weky

Tax Period

2023-01-01 to 2023-12-31

Acercamiento Hispano, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $116K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

To provide access, information, and services to the Latino community in South 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 (2023)

Revenue Breakdown

Contributions & Grants $116,416

Program Service Revenue $0

Investment Income $65

Other Revenue $0

TOTAL REVENUE $116,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,052

Fundraising Expenses $0

Program Expenses $100,758

Other Expenses $51,422

TOTAL EXPENSES $127,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,481	$176,563	-0.3%
Expenses	$127,474	$157,920	-0.2%
Net Income	$-10,993	$18,643	-1.6%

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

$66,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jorge A Leone	Executive director	40.00	Officer	$54,987	$0	$54,987
Miguel Veliz Weky	Exexutive director	20.00	Officer	$11,500	$0	$11,500
Jessica Marie Johnson	Director	2.00	Director	$0	$0	$0
Mark Dicks	Director	2.00	Director	$0	$0	$0
Carolina Rodriguez	Director	1.00	Director	$0	$0	$0
Theresa Hill	Director	2.00	Director	$0	$0	$0
Genaro Padilla	Director	2.00	Director	$0	$0	$0
Dennys Colon	Director	2.00	Director	$0	$0	$0
Karla Cruz-Morel	Director	2.00	Director	$0	$0	$0
Gregory Torrales	Director	2.00	Director	$0	$0	$0
Silvino Escareno	Chairman of the board	2.00	Officer Director	$0	$0	$0
Veronica Morales	Secretary	2.00	Officer Director	$0	$0	$0
Jacqueline Betancourt	Treasurer	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$116,481	$127,474	$96,466	$-10,993
2022	$176,563	$157,920	$124,744	$18,643
2021	$206,742	$141,115	$131,258	$65,627
2020	$40,700	$87,269	$41,462	$-46,569
2019	$131,493	$152,673	$69,715	$-21,180
2018	$175,699	$136,490	$89,696	$39,209

Acercamiento Hispano