LATINO COMMUNITY DEVELOPMENT CENTER (EIN 820551614) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

MARIA VICTORIA GARCIA

Phone

9195951704

Tax Period

2024-01-01 to 2024-12-31

LATINO COMMUNITY DEVELOPMENT CENTER, founded in 2002, is a mid-sized nonprofit in the Human Services sector that reported $65.3M in total revenue in fiscal year 2024. Revenue surged 19863% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60.0M, a strong 92% operating margin.

Mission

LATINO COMMUNITY DEVELOPMENT CENTER PROMOTES FINANCIAL LITERACY, ACCESS TO FINANCIAL SERVICES, AND ECONOMIC DEVELOPMENT PRIMARILY FOR THE LOW AND MODERATE INCOME POPULATION IN NORTH CAROLINA

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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 $65,177,540

Program Service Revenue $0

Investment Income $62,408

Other Revenue $28,107

TOTAL REVENUE $65,268,055

Expense Breakdown

Grants Paid $5,000,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,024,337

Other Expenses $232,337

TOTAL EXPENSES $5,232,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,268,055	$326,943	+198.6%
Expenses	$5,232,337	$216,467	+23.2%
Net Income	$60,035,718	$110,476	+542.4%

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

N/A

Volunteers

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

$294,351

Total Directors

$464,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HERRERA	CHAIR	1.00	Officer Director	$0	$0	$0
ERIKA BELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SCANGA	DIRECTOR	1.00	Director	$0	$0	$0
MARIA VICTORIA GARCIA	CEO	1.00	Director	$0	$27,831	$464,489
RODRIGO INIGUEZ	CFO	1.00	Officer	$0	$29,475	$294,351

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	$65,268,055	$5,232,337	$61,956,392	$60,035,718
2023	$326,943	$216,467	$1,770,589	$110,476
2022	$277,181	$927,874	$2,307,671	$-650,693
2021	$1,649,036	$478,385	$2,559,428	$1,170,651
2020	$10,502,090	$10,439,342	$1,120,929	$62,748
2019	$121,139	$43,877	$1,054,439	$77,262
2018	$148,989	$91,014	$978,497	$57,975

LATINO COMMUNITY DEVELOPMENT CENTER