HOMBRE NUEVO

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

FRANK FORMOLOLC

Phone

6264444442

Tax Period

2023-01-01 to 2023-12-31

HOMBRE NUEVO, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE TEACHING OF CHRISTIANITY THROUGH ADVANCED COMMUNICATIONS TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $4,083,804

HOMBRE NUEVO, A CATHOLIC MULTIMEDIA CENTER, PRODUCES RADIO PROGRAMS TO PROMOTE THE CATHOLIC FAITH AND HUMAN VALUES AMONG THE HISPANIC POPULATION OF THE UNITED STATES, CENTRAL AMERICA AND THE...

HOMBRE NUEVO, A CATHOLIC MULTIMEDIA CENTER, PRODUCES RADIO PROGRAMS TO PROMOTE THE CATHOLIC FAITH AND HUMAN VALUES AMONG THE HISPANIC POPULATION OF THE UNITED STATES, CENTRAL AMERICA AND THE CARIBBEAN.HOMBRE NUEVO ALSO OPERATES A CENTER FOR EVANGELIZATION IN LOS ANGELES, CALIFORNIA THAT DIRECTS COURSES IN SCRIPTURE, CATECHIZES AND ORGANIZES RETREATS AND WORKSHOPS INVOLVED IN DIRECTING THE PASTORAL ACTION OF THE ARCHDIOCESE OF LOS ANGELES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,309,118

Program Service Revenue $1,241,284

Investment Income $61,552

Other Revenue $185,107

TOTAL REVENUE $6,797,061

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $1,697,806

Fundraising Expenses $1,122,639

Program Expenses $4,083,804

Other Expenses $5,166,555

TOTAL EXPENSES $6,899,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,797,061	$5,624,932	+0.2%
Expenses	$6,899,361	$5,844,218	+0.2%
Net Income	$-102,300	$-219,286	-0.5%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

400

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

$330,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENE HEREDIA	Executive Dir.	50.00	Director	$330,042	$0	$330,042
Diego Leon Echeverri	Production Manager	50.00		$102,856	$0	$102,856
KEVIN MEEHAN LC	Director	1.00	Director	$0	$0	$0
OSCAR MARROQUIN	Director	1.00	Director	$0	$0	$0
FRANK FORMOLOLC	SEC/TREAS	1.00	Officer Director	$0	$0	$0
DEACON CHARLIE ECHEVERRY	Director	1.00	Director	$0	$0	$0
DR ARTURO IBARRA	Director	1.00	Director	$0	$0	$0
SHAWN AARON LC	President	1.00	Officer Director	$0	$0	$0
MANNY VALDEZ	Director	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	$6,797,061	$6,899,361	$8,304,879	$-102,300
2022	$5,624,932	$5,844,218	$8,549,552	$-219,286
2021	$6,995,043	$5,396,623	$8,722,175	$1,598,420
2020	$6,049,518	$4,635,212	$9,117,667	$1,414,306
2019	$7,475,815	$6,524,297	$7,472,016	$951,518
2018	$7,251,437	$6,503,775	$6,727,342	$747,662