FLORIDA STATE HISPANIC CHAMBER OF COMMERCE INC

EIN: 825467031 Community Improvement

Wellington, FL

Total Revenue
$2,441,750
Total Expenses
$2,445,653
Total Assets
$168,386
Net Assets
$18,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
FL
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 INTERESTS OF HISPANIC-OWNED BUSINESSES. THIS CAN INVOLVE ADDRESSING REGULATORY CHALLENGES, SEEKING EQUITABLE ACCESS TO GOVERNMENT CONTRACTS, AND WORKING TO ELIMINATE BARRIERS TO GROWTH. ACCESS TO CAPTIAL: ONE OF THE KEY CHALLENGES FOR MANY SMALL BUSINESSES IS ACCESS TO CAPITAL. THE CHAMBER MAY WORK TO CONNECT ITS MEMBERS WITH FUNDING SOURCES, GRANTS, LOANS AND INVESTMENT OPPORTUNITIES. COLLABORATION: THE CHAMBER MAY COLLABORATE WITH OTHER LOCAL CHAMBERS OF COMMERCE, BUSINESS ASSOCIATIONS, AND GOVERNMENT ENTITIES TO MAXIMIZE ITS IMPACT AND ADDRESS COMMON CHALLENGES. PROFESSIONAL DEVELOPMENT: PROVIDING OPPORTUNITIES FOR PROFESSIONAL GROWTH AND SKILL DEVELOPMENT IS ANOTHER IMPORTANT GOAL. THIS CAN INCLUDE LEADERSHIP DEVELOPMENT PROGRAMS, SEMINARS ON BUSINESS TRENDS, AND ACCESS TO INDUSTRY EXPERTS. BUSINESS ADVOCACY: THE CHAMBER MAY ADVOCATE FOR FAVORABLE BUSINESS CONDITIONS, POLICIES, AND REGULATIONS AT LOCAL, REGIONAL, AND NATIONAL LEVELS, ENSURING THAT THE INTERESTS OF HISPANIC-OWNE

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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 $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

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Governance

Voting Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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