Laredo Center for the Arts 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

1980

Legal Domicile

Principal Officer

Gilberto Rocha Jr

Phone

9567251715

Tax Period

2023-01-01 to 2023-12-31

Laredo Center for the Arts Inc, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $284K left a modest 14% surplus.

Mission

Artist receptions, exhibits and other community activities to promote the arts in the city of Laredo, Texas.

Program Service Accomplishments

Program 1

Expenses: $283,708 Revenue: $305,667

Artist receptions, exhibits and other community activities to promote the arts in the city of Laredo, Texas.

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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 $331,667

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $331,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,121

Fundraising Expenses $0

Program Expenses $283,708

Other Expenses $203,587

TOTAL EXPENSES $283,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,667	$257,089	+0.3%
Expenses	$283,708	$312,792	-0.1%
Net Income	$47,959	$-55,703	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gilbert Rocha	Interim President	1.00	Officer Director	$0	$0	$0
Amelia Ramirez	Secretary	1.00	Officer Director	$0	$0	$0
Pedro Morales	Interim Treasurer	1.00	Officer Director	$0	$0	$0
Mary Ann Garcia	Board member	1.00	Director	$0	$0	$0
Telissa Molano	Board member	1.00	Director	$0	$0	$0
Melissa Amici	Board member	1.00	Director	$0	$0	$0
Jessica Diez Barroso	Board member	1.00	Director	$0	$0	$0
Eva Soliz	Board member	1.00	Director	$0	$0	$0
Julio Mendez	Board member	1.00	Director	$0	$0	$0
Alejandra Urrabazo	Board member	1.00	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	No data	No data	No data	No data
2023	$331,667	$283,708	$112,143	$47,959
2022	$257,089	$312,792	$38,609	$-55,703
2021	$240,593	$259,990	$135,300	$-19,397
2020	$221,381	$225,749	$154,758	$-4,368
2019	$200,276	$243,023	$140,421	$-42,747
2018	$294,595	$251,033	$201,722	$43,562