Hola Carolina

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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

Principal Officer

Adriana Chavela

Phone

8289892745

Tax Period

2023-01-01 to 2023-12-31

Hola Carolina, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $449K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $579K exceeded revenue, resulting in a 29% operating deficit.

Mission

The mission of Hola Carolina is to build bridges between cultures, embrace diversity, and create more economically vibrant communities. Our vision is for immigrant communities and people of color to live in a just, multiracial society free from oppression and exploitation so that they can thrive with power and purpose.

Program Service Accomplishments

Program 1

Expenses: $488,890 Revenue: $10,745

Equally Informed Initiative Hola Carolina explores and gives a critical voice to the diversity of our community. Our communications team fills the gap in news information, combats misinformation and improves communication for the Spanish-speaking community In 2023, produced 4,348 News stories in Spanish.

Program 2

Equity in Health for Immigrant Communities In 2023, our program, Equity in Health for Immigrant Communities, made significant strides in promoting health equity. Our Community Health Workers...

Equity in Health for Immigrant Communities In 2023, our program, Equity in Health for Immigrant Communities, made significant strides in promoting health equity. Our Community Health Workers concentrated on tackling food insecurities and guaranteeing accessible health coverage for immigrant populations. Through Hola Carolina, we distributed 94,000 lbs of food to over 8,000 immigrant families. Furthermore we organized 36 outreach events aimed at informing eligible but unenrolled immigrant residents about their healthcare insurance options.

Program 3

Education & Outreach Hola Carolina programs bridge cultural communication between government, business and historically underrepresented and underserved communities. In 2023, our education and...

Education & Outreach Hola Carolina programs bridge cultural communication between government, business and historically underrepresented and underserved communities. In 2023, our education and outreach initiatives engaged 72,480 individuals, fostering connections and understanding across diverse groups.

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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 $413,447

Program Service Revenue $10,745

Investment Income $178

Other Revenue $24,507

TOTAL REVENUE $448,877

Expense Breakdown

Grants Paid $65,878

Salaries & Benefits $185,637

Fundraising Expenses $16,260

Program Expenses $488,890

Other Expenses $327,612

TOTAL EXPENSES $579,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$448,877	$880,404	-0.5%
Expenses	$579,127	$893,590	-0.4%
Net Income	$-130,250	$-13,186	+8.9%

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

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

$173,714

Total Directors

$86,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adriana Chavela-Falcon	Executive Director	40.00	Officer Director	$75,000	$11,857	$86,857
Ronald J Stamey	Operations Director	40.00	Officer	$75,000	$11,857	$86,857
Gloria Villanueva	Board Chair	2.00	Officer Director	$0	$0	$0
Sujeil Bergman	Treasurer	1.00	Officer Director	$0	$0	$0
Ricardo Bello Ball	Secretary	1.00	Officer Director	$0	$0	$0
Micky Salsero-Perez	Member	1.00	Director	$0	$0	$0
Cynthia Espinoza	Member	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	$448,877	$579,127	$617,455	$-130,250
2022	$880,404	$893,590	$743,160	$-13,186
2021	$804,752	$681,722	$765,095	$123,030
2020	$1,017,115	$369,294	$663,288	$647,821