HISPANIC FOUNDATION OF SILICON VAL… - 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

1998

Legal Domicile

Principal Officer

RON GONZALES

Phone

4082167643

Tax Period

2023-07-01 to 2024-06-30

HISPANIC FOUNDATION OF SILICON VALLEY, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE HISPANIC FOUNDATION OF SILICON VALLEY IS DEDICATED TO EMPOWERING THE LIVES AND FUTURES OF LATINOS IN SILICON VALLEY THROUGH COMMUNITY PHILANTHROPY, INVESTMENT IN EDUCATIONAL EXCELLENCE, LEADERSHIP DEVELOPMENT, AND THE CONVENING AND ENGAGING OF THE REGION'S DYNAMIC HISPANIC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $817,571

PROGRAM 1: HISPANIC FOUNDATION COLLEGE SUCCESS CENTERTHE HFCSP'S PRIMARY OBJECTIVES ARE TO CONTRIBUTE TO HIGHER HIGH SCHOOL GRADUATION RATES; IMPROVE COLLEGE READINESS, INCREASE STUDENT AND PARENT...

PROGRAM 1: HISPANIC FOUNDATION COLLEGE SUCCESS CENTERTHE HFCSP'S PRIMARY OBJECTIVES ARE TO CONTRIBUTE TO HIGHER HIGH SCHOOL GRADUATION RATES; IMPROVE COLLEGE READINESS, INCREASE STUDENT AND PARENT KNOWLEDGE ABOUT THE COLLEGE JOURNEY, GROWING NUMBERS OF STUDENTS ATTENDING COLLEGE; INCREASE COLLEGE GRADUATION RATES, AND INCREASE THE NUMBER OF LATINOS EMPLOYED IN THE HIGH TECH INDUSTRY.THE HISPANIC FOUNDATION COLLEGE SUCCESS CENTER (HFCSC), A HUB DESIGNED FOR LATINO YOUTHS AND PARENTS TO INCREASE EDUCATIONAL OPPORTUNITIES WAS OPENED (THE FIRST OF ITS KIND IN THE REGION). A ONE-STOP HUB THAT ENCAPSULATES OUR "CRADLE TO CAREER" COURSE OF ACTION EMPOWERING MIDDLE SCHOOL, HIGH SCHOOL, AND COLLEGE STUDENTS AND THEIR PARENTS TO EXCEL THROUGH EDUCATION EFFORTS. HFSC HELPS BOTH STUDENTS AND PARENTS OBTAIN INFORMATION ON COLLEGE ACCESS, ADVICE, GUIDANCE, WORKSHOPS, AND ONLINE RESOURCES."

Program 2

Expenses: $944,918

PROGRAM 2: LATINOS IN TECHONOLOGY SCHOLARSHIPTHE LATINOS IN TECHNOLOGY SCHOLARSHIP SUPPORTS LATINO COLLEGE STUDENTS IN 3 WAYS:FINANCIAL: WE FINANCIALLY SUPPORT THIRD AND FOURTH-YEAR LATINO STUDENTS WHO HAVE DECLARED A MAJOR IN A STEM-RELATED FIELD AT A 4-YEAR UNIVERSITY WITH SCHOLARSHIPS RENEWABLE FOR UP TO THREE YEARS.PROFESSIONAL DEVELOPMENT: ALL OF OUR LATINOS IN TECHNOLOGY SCHOLARS HAVE THE OPPORTUNITY TO PARTICIPATE IN OUR CAREER LAUNCH ACADEMY AND CONEXIONES MENTORSHIP PROGRAM TO DEVELOP THEMSELVES AS YOUNG PROFESSIONALS.INTERNSHIPS: WE ACTIVELY WORK TO PIPELINE OUR SCHOLARS INTO SUMMER INTERNSHIP PROGRAMS WITH OUR INVESTORS."

Program 3

Expenses: $126,225 Revenue: $25,806

PROGRAM 3: LATINO BOARD LEADERSHIP ACADEMYCURRENTLY, FEWER THAN 3% OF LATINOS SERVE ON NONPROFIT BOARDS IN SILICON VALLEY. WE SEE THAT AS AN URGENT CALL TO ACTION. OUR LATINO BOARD LEADERSHIP ACADEMY RECRUITS, TRAINS, AND GUIDES LATINOS TO SERVE ON LOCAL BOARDSAN ESSENTIAL STEP TO ENSURING THAT INVALUABLE AND UNDERREPRESENTED VOICES ARE HEARD.LBLA IS A 10-WEEK HYBRID PROGRAM WHERE PARTICIPANTS WILL LEARN THE FOUNDATIONAL SKILLS NEEDED TO SUCCEED AS A NONPROFIT BOARD MEMBER.PARTICIPANTS WILL LEARN ABOUT VARIOUS NONPROFIT ORGANIZATIONS SEEKING TO DIVERSIFY AND ENHANCE THE REPRESENTATION OF THE COMMUNITY ON THEIR BOARD.PARTICPANTS WILL JOIN A NETWORK OF OVER 600 COMMITTED FELLOWS AND WILL HAVE THE OPPORTUNITY TO PARTICIPATE IN ALUMNI EVENTS.

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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 $2,380,659

Program Service Revenue $25,806

Investment Income $64,516

Other Revenue $-324,012

TOTAL REVENUE $2,146,969

Expense Breakdown

Grants Paid $805,373

Salaries & Benefits $993,377

Fundraising Expenses $312,139

Program Expenses $2,138,411

Other Expenses $1,007,411

TOTAL EXPENSES $2,806,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,146,969	$1,275,022	+0.7%
Expenses	$2,806,161	$1,854,611	+0.5%
Net Income	$-659,192	$-579,589	+0.1%

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

100

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

$522,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISAURA GAETA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
BEATRIZ MEDINA PRATT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
STEVEN MARTINEZ	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
MICHAEL ALVAREZ	2ND VICE CHAIR	0.50	Officer Director	$0	$0	$0
CARLOS BOHORQUEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
JUAN CUEVA	BOARD MEMBER	0.50	Director	$0	$0	$0
KATIA MCCLAIN	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDSEY NEWBERN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL WALLACE	BOARD MEMBER	0.50	Director	$0	$0	$0
JAVIER DIAZ	BOARD MEMBER	0.50	Director	$0	$0	$0
MEREDITH MANCHACK HALL	BOARD MEMBER	0.50	Director	$0	$0	$0
CYNTHIA TENIENTE-MATSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBORAH TILSON	BOARD MEMBER	0.50	Director	$0	$0	$0
GABRIEL DE LA ROSA	BOARD MEMBER	0.50	Director	$0	$0	$0
CAROLYN HERZOG	BOARD MEMBER	0.50	Director	$0	$0	$0
RON GONZALES	PRESIDENT & CEO	40.00	Officer	$209,634	$11,348	$220,982
CLARA ROA	CHIEF OPERATIONS AND DEVEL	40.00	Officer	$171,600	$21,639	$193,239
MARGARITA DEAVILA	OPERATION MANAGER	40.00	Officer	$107,916	$0	$107,916

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	$2,146,969	$2,806,161	$4,521,462	$-659,192
2023	$1,275,022	$1,854,611	$4,856,943	$-579,589
2022	$3,338,839	$1,680,071	$5,468,176	$1,658,768
2021	$2,458,530	$2,809,605	$3,474,108	$-351,075
2020	$2,497,106	$2,590,184	$3,926,024	$-93,078
2019	$2,196,491	$1,608,998	$3,883,694	$587,493
2018	$2,466,366	$2,039,899	$3,237,221	$426,467

HISPANIC FOUNDATION OF SILICON VALLEY