LATIN CHAMBER OF COMMERCE INC

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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

1965

Legal Domicile

Principal Officer

PATRICIA ARIAS

Phone

3058077923

Tax Period

2024-01-01 to 2024-12-31

LATIN CHAMBER OF COMMERCE INC, founded in 1965, is a small nonprofit that reported $626K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $825K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE MISSION IS TO PROMOTE COMMERCE AND STRENGTHEN ECONOMIC DEVELOPMENT AS AN ASSOCIATION OF MEMBERS. TO ASSIST, ADVOCATE FOR AND DEVELOPMENT HISPANIC AND OTHER BUSINESSES, PROMOTE THEM WITHIN THE COMMUNITY AND ASSIST THEM IN COMMERCIAL CAPACITY BUILDING AND IN INTERNATIONAL TRADE DEVELOPMENT.

Program Service Accomplishments

Program 1

ARPA American Rescue and Recovery Program which provides training and skills set for low income directed to obtaining employment is the digital media, trade logistics and entrepreneurial development...

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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 $592,461

Program Service Revenue $33,650

Investment Income $0

Other Revenue $0

TOTAL REVENUE $626,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $364,223

Fundraising Expenses $0

Other Expenses $460,551

TOTAL EXPENSES $824,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$626,111	$1,050,793	-0.4%
Expenses	$824,774	$814,802	+0.0%
Net Income	$-198,663	$235,991	-1.8%

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

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

$133,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA ARIAS	EXECUTIVE DIRECTOR	040.00	Officer Highest	$133,453	$0	$133,453
JOSE L CHI	PRESIDENT	005.00	Officer Director	$0	$0	$0
WIFREDO GORT	DIRECTOR OF INTERNATIONAL RELATIONS	002.00	Director	$0	$0	$0
PEDRO MESA	DIRECTOR	002.00	Director	$0	$0	$0
ITALO TORRESE	VICE PRESIDENT	002.00	Director	$0	$0	$0
LUIS A MIGUEL	DIRECTOR	002.00	Director	$0	$0	$0
JORGE ZUMAETA	DIRECTOR	002.00	Director	$0	$0	$0
RICHARD ALAYON ESQ	DIRECTOR	002.00	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
2024	$626,111	$824,774	$1,226,784	$-198,663
2023	$1,050,793	$814,802	$1,479,502	$235,991
2022	$475,295	$703,481	$1,145,660	$-228,186
2021	$271,210	$498,018	$1,388,953	$-226,808
2020	$281,625	$447,667	$1,442,586	$-166,042
2019	$605,742	$721,656	$1,125,365	$-115,914
2018	$538,858	$563,682	$1,308,420	$-24,824