CHICAGO LATINO THEATER ALLIANCE

EIN: 814080246 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$335,630
Total Expenses
$977,912
Total Assets
$688,353
Net Assets
$675,145
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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
2016
Legal Domicile
IL
Principal Officer
GEORGE VALDIVIA
Phone
3126313112
Tax Period
2024-07-01 to 2025-06-30

CHICAGO LATINO THEATER ALLIANCE, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $336K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $978K exceeded revenue, resulting in a 191% operating deficit.

Mission

CLATA'S MAIN PROGRAMS ARE ITS ANNUAL LATINE THEATER ARTIST WEEK, WHICH PRESENTS FULL LENGTH LATINO THEATER PRODUCTIONS, STUDENT MATINEES, PANELS AND POST SHOW TALKBACKS WITH ARTISTS; INICIOS:CHICAGO LATINE PLAYWRIGHT FESTIVAL; DESTINOS AL AIRE: A FREE ACCESSIBLE OUTDOOR PERFORMING ARTS FESTIVAL;LATINE THEATER ARTIST WEEK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $304,789
Program Service Revenue $14,154
Investment Income $16,687
Other Revenue $0
TOTAL REVENUE $335,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $393,071
Fundraising Expenses $99,386
Program Expenses $714,796
Other Expenses $584,841
TOTAL EXPENSES $977,912

Year-over-Year Comparison

2024 2023 Change
Revenue $335,630 $859,037 -0.6%
Expenses $977,912 $745,395 +0.3%
Net Income $-642,282 $113,642 -6.7%
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
10
Independent Members
10
Employees
8
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
5
$113,866
Total Directors
11
$113,866
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE MARY BOMBELA CHAIRMAN 2.00
Officer Director
$0 $0 $0
CARLOS TORTOLERO VICE PRESIDE 2.00
Officer Director
$0 $0 $0
OMAR DIAZ TREASURER 2.00
Officer Director
$0 $0 $0
MONY RUIZ-VELASCO SERCETARY 2.00
Officer Director
$0 $0 $0
ANTONIO GUILLEN DIRECTOR 2.00
Director
$0 $0 $0
MELISSA FLORES DIRECTOR 2.00
Director
$0 $0 $0
YDALMI V NORIEGA DIRECTOR 2.00
Director
$0 $0 $0
DORIS SALOMON DIRECTOR 2.00
Director
$0 $0 $0
JOSE MELENDEZ DIRECTOR 2.00
Director
$0 $0 $0
ROCHE SCHULFER DIRECTOR 2.00
Director
$0 $0 $0
GEORGE VALDIVIA EXECUTIVE DI 40.00
Officer Director
$113,866 $0 $113,866
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
2025 $335,630 $977,912 $688,353 $-642,282
2024 $859,037 $745,395 $1,346,006 $113,642
2023 $571,862 $657,324 $1,209,163 $-85,462
2022 $1,121,536 $577,633 $1,293,965 $543,903
2021 $613,883 $327,804 $790,054 $286,079
2020 $587,133 $562,940 $525,327 $24,193
2019 $779,509 $448,719 $435,072 $330,790
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