Colorado Hispanic Chamber of Commerce

EIN: 840845219

Denver, CO

Total Revenue
$1,073,429
Total Expenses
$1,084,290
Total Assets
$164,318
Net Assets
$25,360
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CO
Principal Officer
Mike Ferrufino
Phone
3036204485
Tax Period
2024-01-01 to 2024-12-31

Colorado Hispanic Chamber of Commerce, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

To promote and advance the growth of Hispanic businesses.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $986,202
Program Service Revenue $0
Investment Income $0
Other Revenue $87,227
TOTAL REVENUE $1,073,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,022
Fundraising Expenses $64,712
Program Expenses $954,866
Other Expenses $702,268
TOTAL EXPENSES $1,084,290

Year-over-Year Comparison

2024 2023 Change
Revenue $1,073,429 $757,627 +0.4%
Expenses $1,084,290 $761,122 +0.4%
Net Income $-10,861 $-3,495 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
23
Independent Members
22
Employees
4
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
7
$176,554
Total Directors
23
$176,554
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Ferrufino President & CEO 0.00
Officer Director
$166,983 $9,571 $176,554
Sofia Aguilar Board Member 0.00
Director
$0 $0 $0
Tim Aragon Past Foundation Chair 0.00
Officer Director
$0 $0 $0
Paulette Tate Foundation Chair 0.00
Officer Director
$0 $0 $0
Patsy Landaveri Board Member 0.00
Director
$0 $0 $0
Luis Colon Treasurer 0.00
Officer Director
$0 $0 $0
Camelia Robles Board Member 0.00
Director
$0 $0 $0
Tatiana Arguello Board Member 0.00
Director
$0 $0 $0
Tish Maes Incoming Chair 0.00
Officer Director
$0 $0 $0
Rich Naha Secretary 0.00
Officer Director
$0 $0 $0
Jake Salazar Board Chair 0.00
Officer Director
$0 $0 $0
Nico Cornejo Board Member 0.00
Director
$0 $0 $0
Edward Castaneda Board Member 0.00
Director
$0 $0 $0
Jonathan Munro Board Member 0.00
Director
$0 $0 $0
Sofia Montezuma Board Member 0.00
Director
$0 $0 $0
Denise Maes Board Member 0.00
Director
$0 $0 $0
Mario Canedo Board Member 0.00
Director
$0 $0 $0
Socorro Rios Board Member 0.00
Director
$0 $0 $0
Emilio Romero Board Member 0.00
Director
$0 $0 $0
Juan Padro Board Member 0.00
Director
$0 $0 $0
Wendy Mithcell Board Member 0.00
Director
$0 $0 $0
Grace Lopez-Ramirez Board Member 0.00
Director
$0 $0 $0
Josett Valdez Board Member 0.00
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 $1,073,429 $1,084,290 $164,318 $-10,861
2023 $757,627 $761,122 $167,341 $-3,495
2022 $899,375 $848,762 $272,469 $50,613
2021 $660,726 $683,555 $490,812 $-22,829
2020 $673,020 $636,214 $138,822 $36,806
2019 $661,364 $657,913 $250,506 $3,451
2018 $624,362 $706,071 $479,568 $-81,709
Explore More Nonprofits
Top 100 Nonprofits in Colorado Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Colorado Hispanic Chamber of Commerce with other nonprofits in Colorado and across the country.