ILLINOIS VENEZUELAN ALLIANCE

EIN: 825424259 501(c)(3) Civil Rights & Advocacy

CHICAGO, IL

Total Revenue
$1,038,147
Total Expenses
$534,351
Total Assets
$533,896
Net Assets
$533,896
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
JOSE BALBOA
Tax Period
2024-01-01 to 2024-12-31

ILLINOIS VENEZUELAN ALLIANCE, founded in 2018, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.0M in total revenue in fiscal year 2024. The organization ran a surplus of $504K, a strong 49% operating margin.

Mission

TO SERVE, PROVIDE HUMANITARIAN AID, EDUCATE, CIVIC ENGAGEMENT, AND ADVOCATE FOR THE VENEZUELAN COMMUNITY RESIDING IN THE STATE OF ILLINOIS BY WORKING TOGETHER TO STRENGTHEN OUR POSITIVE PRESENCE IN THE COMMUNITY.

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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 $1,038,147
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,038,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,725
Program Expenses $519,970
Other Expenses $534,351
TOTAL EXPENSES $534,351

Year-over-Year Comparison

2024 2023 Change
Revenue $1,038,147 N/A N/A
Expenses $534,351 $1,070,206 -0.5%
Net Income $503,796 $-1,070,206 -1.5%
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
5
Independent Members
3
Employees
N/A
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE BALBOA PRESIDENT 0.00
Officer Director
$0 $0 $0
FRANCISCO SANDOVAL VICE PRESIDENT 0.00
Officer
$0 $0 $0
LUIS JOSE CASTRO TREASURER 0.00
Officer
$0 $0 $0
ANTONIO CABELLO SECRETARY 0.00
Officer
$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 $1,038,147 $534,351 $533,896 $503,796
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