Midland Hispanic Chamber of Commer… - 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

1984

Legal Domicile

Principal Officer

LUIS SANCHEZ

Phone

4327045533

Tax Period

2022-10-01 to 2023-09-30

Midland Hispanic Chamber of Commerce Inc, founded in 1984, is a small nonprofit that reported $396K in total revenue in fiscal year 2022. Revenue surged 668% from the prior year, signaling strong growth momentum. Expenses of $374K left a modest 6% surplus.

Mission

To promote the growth and prosperity of small businesses and the community of Midland, Texas

Program Service Accomplishments

Program 1

Economic development programs managed by the Chamber include the incubator program, step up to success, women's roundtable, and other programs and events geared towards the promotion of small...

Economic development programs managed by the Chamber include the incubator program, step up to success, women's roundtable, and other programs and events geared towards the promotion of small businesses and economic growth in Midland.

Program 2

Marketing programs include promotional programs to increase the number of visitors and tourism for Midland.

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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 (2022)

Revenue Breakdown

Contributions & Grants $385,778

Program Service Revenue $0

Investment Income $10,000

Other Revenue $0

TOTAL REVENUE $395,778

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $73,754

Fundraising Expenses $0

Other Expenses $295,931

TOTAL EXPENSES $373,985

Year-over-Year Comparison

	2022	2021	Change
Revenue	$395,778	$51,519	+6.7%
Expenses	$373,985	$104,961	+2.6%
Net Income	$21,793	$-53,442	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN CARRASCO	Chairman	2.00	Officer Director	$0	$0	$0
JEANETTE REYES	Chairman	2.00	Officer Director	$0	$0	$0
LUIS ESQUIVEL	Treasurer	2.00	Officer Director	$0	$0	$0
SAMANTHA CLARK	Trustee	2.00	Officer Director	$0	$0	$0
SAMANTHA HUGHES	Trustee	2.00	Officer Director	$0	$0	$0
ANGELICA RAMSEY	Trustee	2.00	Officer Director	$0	$0	$0
ADRIAN URQUIDI	Trustee	2.00	Officer Director	$0	$0	$0
MARISSA SALGADO	Secretary	2.00	Director	$0	$0	$0
VERONICA REYES	Trustee	0.00	Director	$0	$0	$0
TRACY VALLES	Director	0.00	Director	$0	$0	$0
JACK LADD	Director	0.00	Director	$0	$0	$0
OLGA GUEBARA	Director	0.00	Director	$0	$0	$0
RICHARD MADRID	Executive Dir.	40.00	Officer	$0	$0	$0
LUIS SANCHEZ	Executive Dir.	0.00	Officer	$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
2023	$395,778	$373,985	$118,609	$21,793
2022	$51,519	$104,961	$71,329	$-53,442
2021	$214,081	$98,227	$110,971	$115,854
2020	$95,631	$112,223	$64,962	$-16,592
2019	$117,017	$135,805	$161,711	$-18,788
2018	$136,874	$157,667	$65,919	$-20,793

Midland Hispanic Chamber of Commerce Inc