HISPANIC BUSINESS INITIATIVE FUND … - 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

1995

Legal Domicile

Phone

4074138564

Tax Period

2023-10-01 to 2024-09-30

HISPANIC BUSINESS INITIATIVE FUND INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2023.

Mission

TO STRENGTHEN THE ECONOMY OF FLORIDA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.

Program Service Accomplishments

Program 1

Expenses: $1,464,122

ONE-ON-ONE CONSULTING: HBIF STAFF MEET WITH BUSINESS OWNERS TO ASSESS THE VIABILITY OF THE BUSINESS IDEA AND THE JOB CREATION POTENTIAL OF THE BUSINESS VENTURE. IN-HOUSE STAFF ADVISE CLIENTS AS TO...

ONE-ON-ONE CONSULTING: HBIF STAFF MEET WITH BUSINESS OWNERS TO ASSESS THE VIABILITY OF THE BUSINESS IDEA AND THE JOB CREATION POTENTIAL OF THE BUSINESS VENTURE. IN-HOUSE STAFF ADVISE CLIENTS AS TO THE GENERAL BUSINESS PRACTICES, FINANCIALS, LICENSES/PERMITS, AND ACCESS TO CAPITAL, AMONG OTHERS. IN-HOUSE CONSULTING IS PROVIDED BILINGUAL AND FREE OF CHARGE TO THE BUSINESS OWNER. HBIF ASSISTED 1,520 BUSINESS OWNERS ACROSS THE STATE OF FLORIDA.

Program 2

Expenses: $885,597

ENTREPRENEURIAL GRANTS: HBIF'S GRANTS ALLOW STARTUPS AND EXISTING BUSINESSES TO RECEIVE ADVANCED BUSINESS DEVELOPMENT SERVICES AT NO OR MINIMAL COST, COMPLETED BY SUBCONTRACTED PROVIDERS PAID BY...

ENTREPRENEURIAL GRANTS: HBIF'S GRANTS ALLOW STARTUPS AND EXISTING BUSINESSES TO RECEIVE ADVANCED BUSINESS DEVELOPMENT SERVICES AT NO OR MINIMAL COST, COMPLETED BY SUBCONTRACTED PROVIDERS PAID BY HBIF. THE GRANTS OFFERED BY HBIF INCLUDE: LEGAL STRUCTURE ASSESSMENT, ACCOUNTING ASSESSMENT, BUSINESS PLAN DEVELOPMENT, MARKETING PLAN, CORPORATE BRANDING, WEB PAGE CREATION, QUICKBOOKS TRAINING, AND LOAN APPLICATION PREPARATION. HBIF AWARDED ENTREPRENEURIAL GRANTS TO 298 BUSINESSES.

Program 3

Expenses: $843,299

EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST...

EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. HBIF HAD OVER 2,554 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.

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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 $3,926,777

Program Service Revenue $0

Investment Income $153,863

Other Revenue $-67,107

TOTAL REVENUE $4,013,533

Expense Breakdown

Grants Paid $195,150

Salaries & Benefits $2,770,217

Fundraising Expenses $592,826

Program Expenses $3,193,018

Other Expenses $1,132,728

TOTAL EXPENSES $4,098,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,013,533	$4,183,260	0.0%
Expenses	$4,098,095	$3,410,614	+0.2%
Net Income	$-84,562	$772,646	-1.1%

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

103

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

$333,401

Total Directors

Key Employees

$212,380

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER SUEIRO	TREASURER	1.0	Officer Director	$0	$0	$0
BORIS AYALA	PAST CHAIR	1.0	Officer Director	$0	$0	$0
GEORGE BERMUDEZ	VICE CHAIR	1.0	Officer Director	$0	$0	$0
LORI DUARTE-ROBERTS	SECRETARY	1.0	Officer Director	$0	$0	$0
LUZ AVILES	CHAIR	1.0	Officer Director	$0	$0	$0
ALEX DOMINGUEZ	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
CARLOS BRACKLEY	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
CARLOS F ESCOBAR	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
CAROLINA Y BLANCO	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
ELISHA GONZALEZ	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
KATE WILSON	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
LUIS ROSERO	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
MERCEDES ANGELL	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
MIKE HERNANDEZ	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
RUBEN PEREZ	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
SHARON ARROYO	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
SHERRY AMBROSE	DIRECTOR-AT-LARGE	1.0	Director	$0	$0	$0
AUGUSTO SANABRIA	CEO/PRESIDENT	40.0	Officer	$288,538	$44,863	$333,401
LUIS E OTERO	CFO	40.0	Key Emp	$182,353	$30,027	$212,380

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	$4,013,533	$4,098,095	$5,678,116	$-84,562
2023	$4,183,260	$3,410,614	$5,831,817	$772,646
2022	$3,295,480	$2,947,028	$4,303,069	$348,452
2021	$3,822,531	$2,560,897	$4,121,804	$1,261,634
2020	$3,318,135	$2,777,141	$3,594,841	$540,994
2019	$2,740,535	$2,533,650	$2,314,825	$206,885
2018	$2,703,555	$2,615,356	$2,076,176	$88,199

HISPANIC BUSINESS INITIATIVE FUND INC