FLORIDA STATE HISPANIC CHAMBER OF … - Form 990 Financial Data

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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

2018

Legal Domicile

Phone

5618896655

Tax Period

2024-01-01 to 2024-12-31

FLORIDA STATE HISPANIC CHAMBER OF COMMERCE INC, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 208% from the prior year, signaling strong growth momentum.

Mission

The Chamber is established to promote and advance the economic development and well-being of Hispanic-owned businesses and professionals throughout the state of Florida. The Chamber shall provide a platform for networking, advocacy, education, and collaboration among its members to enhance their business opportunities and contribute to the growth of the Hispanic business community.

Program Service Accomplishments

Program 1

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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 $2,441,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,441,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,558

Fundraising Expenses $0

Other Expenses $2,287,095

TOTAL EXPENSES $2,445,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,441,750	$792,208	+2.1%
Expenses	$2,445,653	$624,708	+2.9%
Net Income	$-3,903	$167,500	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIO FUENTES	President	30.00	Director	$0	$0	$0
JORGE CABRERA	Treasurer	3.00	Director	$0	$0	$0
JONATHAN KILLMAN	Secretary	3.00	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	$2,441,750	$2,445,653	$168,386	$-3,903
2023	$792,208	$624,708	$174,816	$167,500

FLORIDA STATE HISPANIC CHAMBER OF COMMERCE INC