HISPANIC CULTURAL CENTER OF MIDLAND

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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

1997

Legal Domicile

Principal Officer

CALISTO DE LA PENA

Phone

4326834226

Tax Period

2024-01-01 to 2024-12-31

HISPANIC CULTURAL CENTER OF MIDLAND, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $358K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $411K exceeded revenue, resulting in a 15% operating deficit.

Mission

PRESERVE THE HISPANIC CULTURE FOR THE YOUTH THROUGH EDUCATION IN THE ARTS. SEE SCHEDULE O FOR SIGNIFICANT ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $21,839 Revenue: $52,115

PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. PROGRAMS AND EVENTS TO ACHIEVE THIS INCLUDE THE TUTORING,DANCE,FLAMENCO DANCE,BALLET FOLKOIRICA,MARIACHI,AND...

Program 2

Expenses: $118,843 Revenue: $169,226

PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. SPECIAL EVENTS OR OTHER PROGRAMS TO ACHIEVE THIS INCLUDED EL GRITO,DIA DE LAS MUERTOS,GOLF CLASSIC,CINCO DE MAYO, INTERNATIONAL PERFORMANCE,RECITALS,MARIACHI CHRISTMAS,CHRISTMAS PARADE,DIEZ Y SIES,MARIACHI WORKSHOP,AND OTHER SPECIAL EVENTS.

Program 3

Expenses: $173,206 Revenue: $157,056

PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. SPECIAL EVENTS SUCH AS BINGO AND OTHER REVENUES AND EXPENSES NOT INCLUDED IN 4a AND 4b above.

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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 $305,875

Program Service Revenue $4,013

Investment Income $2,864

Other Revenue $44,810

TOTAL REVENUE $357,562

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $164,250

Fundraising Expenses $7,290

Program Expenses $313,888

Other Expenses $242,657

TOTAL EXPENSES $411,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,562	$390,255	-0.1%
Expenses	$411,407	$401,066	+0.0%
Net Income	$-53,845	$-10,811	+4.0%

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

250

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

$65,016

Total Directors

$83,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLENE ROMERO MCBRIDE	DIRECTOR	5.00	Director	$18,750	$0	$18,750
CALISTO DE LA PENA	EXECUTIVE DIRECTOR	40.00	Officer Director Highest	$65,016	$0	$65,016
RUDY GALINDO	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ALFREDO GRIMALDO	DIRECTOR	0.25	Director	$0	$0	$0
GABRIEL MOYA SALGADO	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUBEN CHAVEZ	TREASURER	0.50	Officer Director	$0	$0	$0
ILSE PANTOJA	SECRETARY	0.50	Officer 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	$358,996	$417,205	$289,712	$-58,209
2024	$357,562	$411,407	$294,076	$-53,845
2023	$390,255	$401,066	$346,632	$-10,811
2022	$185,592	$198,585	$356,401	$-12,993
2022	$165,775	$324,334	$376,102	$-158,559
2021	$319,167	$198,731	$537,208	$120,436
2020	$177,144	$202,203	$333,790	$-25,059
2019	$365,588	$278,041	$359,673	$87,547