HISPANIC BUSINESS INITIATIVE FUND INC (EIN 593341405) - 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

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

HBIF IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN FLORIDA SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO HISPANIC ENTREPRENEURS TRYING ESTABLISH OR EXPAND THEIR BUSINESS IN FLORIDA. HBIF'S QUALITY YEAR-ROUND PROFESSIONAL SERVICES INCLUDE EDUCATIONAL PROGRAMS, INDIVIDUAL CONSULTING AND TECHNICAL ASSISTANCE, ENTREPRENEURIAL GRANTS FOR SUBCONTRACTED SERVICES, AND LOAN FACILITATION.

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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
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