ENLACE LATINO NC INC

EIN: 872137153 501(c)(3) Arts, Culture & Humanities

RALEIGH, NC

Total Revenue
$1,457,874
Total Expenses
$1,116,604
Total Assets
$1,537,006
Net Assets
$1,525,728
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
PAOLA JARAMILLO
Phone
8778295500
Tax Period
2024-01-01 to 2024-12-31

ENLACE LATINO NC INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $341K, a strong 23% operating margin.

Mission

ENLACE LATINO NC IS NORTH CAROLINA'S FIRST NONPROFIT DIGITAL NEWS ORGANIZATION IN SPANISH. OUR MISSION IS TO EMPOWER THE DIVERSE COMMUNITY OF LATINX IMMIGRANTS IN NORTH CAROLINA TO BECOME MORE INVOLVED IN THE POLITICAL AND SOCIAL CHANGES THAT AFFECT THEM. WE DO THAT BY PUBLISHING INDEPENDENT, NON-PARTISAN, PUBLIC SERVICE JOURNALISM IN SPANISH ABOUT LOCAL AND FEDERAL POLITICS, GOVERNMENT, IMMIGRATION, AND COMMUNITY AFFAIRS.

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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 $1,314,786
Program Service Revenue $143,088
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,457,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $453,229
Fundraising Expenses $42,367
Program Expenses $941,667
Other Expenses $663,375
TOTAL EXPENSES $1,116,604

Year-over-Year Comparison

2024 2023 Change
Revenue $1,457,874 $1,293,865 +0.1%
Expenses $1,116,604 $776,580 +0.4%
Net Income $341,270 $517,285 -0.3%
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

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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
3
Employees
7
Volunteers
4

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
3
$88,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZAR POSADA PRESIDENT 1.00
Officer Director
$0 $0 $0
ANA BLACKBURN TREASURER 1.00
Officer Director
$0 $0 $0
BERENICE MALAGON BOARD MEMBER 1.00
Director
$0 $0 $0
PAOLA JARAMILLO EXECUTIVE DIRECTOR 40.00
Officer
$88,000 $0 $88,000
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 $1,457,874 $1,116,604 $1,537,006 $341,270
2023 $1,293,865 $776,580 $1,188,653 $517,285
2022 $825,901 $158,728 $672,573 $667,173
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