JOLIET, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)JOLIET LATINO ECONOMIC DEVELOPMENT ASSOC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $168K in total revenue in fiscal year 2023. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $39K, a strong 23% operating margin.
1) IMPROVING AND ADVANCING THE BUSINESS AND ECONOMIC CONDITIONS OF LATINO BUSINESSES AND INDIVIDUALS2) FOSTERING LATINO BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT THROUGH ECONOMIC PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE INCOME POTENTIAL OF ALL BUSINESSES IN THE JOLIET LEDA AREA, DEFINED BELOW;3)PROMOTING PROGRAMS OF A CIVIC, SOCIAL, AND CULTURAL NATURE THAT ARE DESIGNED TO FURTHER THE FUNCTIONAL AND AESTHETIC VALUES OF THE LATINO COMMUNITY;4) DISCOVERING AND CORRECTING ABUSES THAT PREVENT THE ADVANCEMENT OF LATINO BUSINESS EXPANSION AND LATINO COMMUNITY GROWTH;5) EDUCATING THE LATINO BUSINESS COMMUNITY AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS;
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $167,992 | $78,917 | +1.1% |
| Expenses | $129,337 | $59,253 | +1.2% |
| Net Income | $38,655 | $19,664 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LIZBETH AVILES | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| SAM GARCIA | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| ULISES HUITRON | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| CHRIS CHAIDEZ | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| BRENDA NORIEGA | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| JOHNNY NORIEGA | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| NOELI SERNA | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| ALEX PARAMO | PRESIDENT | 0.00 |
Officer
|
$0 | $0 | $0 |
| NANCY CABALLERO-BORUNDA | SECRETARY | 0.00 |
Officer
|
$0 | $0 | $0 |
| EDUARDO SANCHEZ | TREASURER | 0.00 |
Officer
|
$0 | $0 | $0 |
| DIANA VIVEROS | PROGRAM MANAGER | 40.00 |
Officer
|
$55,504 | $0 | $55,504 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $167,992 | $129,337 | $85,584 | $38,655 |
Compare JOLIET LATINO ECONOMIC DEVELOPMENT ASSOC with other nonprofits in Illinois and across the country.