RHODE ISLAND HISPANIC CHAMBER OF COMMERCE

EIN: 812701009 501(c)(3) Community Improvement

PROVIDENCE, RI

Total Revenue
$635,579
Total Expenses
$568,070
Total Assets
$398,380
Net Assets
$398,380
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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
2017
Legal Domicile
RI
Principal Officer
OSCAR MEJIAS
Phone
4014001340
Tax Period
2023-01-01 to 2023-12-31

RHODE ISLAND HISPANIC CHAMBER OF COMMERCE, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $636K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $568K left a modest 11% surplus.

Mission

REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES

Program Service Accomplishments

Program 1
Expenses: $55,091 Revenue: $195,120

REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES

Program 2
Revenue: $337,785

RHODE ISLAND FOUNDATION - A GRANT TO SUPPORT THE PAID POSITION OF THE CHIEF EXECUTIVE OFFICER, TO BE THE LEAD AS THE RI HISPANIC CHAMBER OF COMMERCE CONTINUES TO BUILD AND ESTABLISH THE ORGANIZATION...

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RHODE ISLAND FOUNDATION - A GRANT TO SUPPORT THE PAID POSITION OF THE CHIEF EXECUTIVE OFFICER, TO BE THE LEAD AS THE RI HISPANIC CHAMBER OF COMMERCE CONTINUES TO BUILD AND ESTABLISH THE ORGANIZATION, DEDICATED TO HELPING SMALL LATINO BUSINESSES THRIVE AND GROW.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $337,785
Program Service Revenue $195,120
Investment Income $102,674
Other Revenue $0
TOTAL REVENUE $635,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $293,530
Fundraising Expenses $179,742
Program Expenses $55,091
Other Expenses $274,540
TOTAL EXPENSES $568,070

Year-over-Year Comparison

2023 2022 Change
Revenue $635,579 $447,377 +0.4%
Expenses $568,070 $431,242 +0.3%
Net Income $67,509 $16,135 +3.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
9
Volunteers
25

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
5
$120,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OSCAR MEJIAS EXECUTIVE DI 40.00
Officer
$120,000 $0 $120,000
LUIS TORRADO CHAIRMAN N/A
Officer Director
$0 $0 $0
DARIEL BLANCO TREASURER N/A
Officer Director
$0 $0 $0
ELVIAS SANTANA SECRETARY N/A
Officer Director
$0 $0 $0
CHRISTOPHER CALDERON BOARD AT LAR N/A
Director
$0 $0 $0
ALYSSA GIRON-PERALTA BOARD AT LAR N/A
Director
$0 $0 $0
CARLOS VARGAS BOARD AT LAR N/A
Director
$0 $0 $0
CAROL AGUASVIVAS VICE CHAIRMA N/A
Officer Director
$0 $0 $0
VERONICA BARON BOARD AT LAR N/A
Director
$0 $0 $0
BRIAN VELASQUEZ BOARD AT LAR N/A
Director
$0 $0 $0
YUDELKA GUZMAN BOARD AT LAR N/A
Director
$0 $0 $0
DEVON DIAZ BOARD AT LAR N/A
Director
$0 $0 $0
DORIS DE LOS SANTOS BOARD AT LAR N/A
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 $635,579 $568,070 $398,380 $67,509
2022 $447,377 $431,242 $331,199 $16,135
2021 $601,967 $374,176 $315,611 $227,791
2020 $317,187 $252,362 $107,000 $64,825
2018 $73,627 $54,956 $19,126 $18,671
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