HISPANIC RESTAURANT ASSOCIATION

EIN: 862313981 501(c)(3) Community Improvement

Castle Rock, CO

Total Revenue
$218,539
Total Expenses
$251,217
Total Assets
$35,896
Net Assets
$-12,404
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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
2021
Legal Domicile
CO
Principal Officer
John Jaramillo
Phone
3086604283
Tax Period
2023-01-01 to 2023-12-31

HISPANIC RESTAURANT ASSOCIATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $219K in total revenue in fiscal year 2023. Expenses of $251K exceeded revenue, resulting in a 15% operating deficit.

Mission

Our mission is to advocate on behalf of Hispanic restaurateurs chefs and entrepreneurs in order to open and operate their restaurants more effective and efficiently. Our vision is to educate and elevate the Hispanic community across a multi-generational spectrum.

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,643
Program Service Revenue $46,896
Investment Income $0
Other Revenue $0
TOTAL REVENUE $218,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,306
Fundraising Expenses $18,124
Program Expenses $175,838
Other Expenses $168,911
TOTAL EXPENSES $251,217

Year-over-Year Comparison

2023 2022 Change
Revenue $218,539 N/A N/A
Expenses $251,217 N/A N/A
Net Income $-32,678 N/A N/A
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
4
$82,306
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Jaramillo President 60.00
Officer
$0 $0 $0
Drue Jaramillo Chief Technology Officer 20.00
Officer
$0 $0 $0
Pablo Aya Culinary Director 40.00
Officer
$25,474 $0 $25,474
Fernando Stovell Director and Consultant 40.00
Officer
$56,832 $0 $56,832
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
2023 $218,539 $251,217 $35,896 $-32,678
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