FUNDACION CENTRO LATINO INC

EIN: 874075812 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$68,033
Total Expenses
$102
Total Assets
$1,404,587
Net Assets
$1,392,177
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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
DE
Principal Officer
JOHN MORTON
Phone
3026557338
Tax Period
2023-01-01 to 2023-12-31

FUNDACION CENTRO LATINO INC, founded in 2021, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 100% operating margin.

Mission

FOR THE BENEFIT OF,TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE LATIN AMERICAN COMMUNITY CENTER, INC., A DELAWARE NONPROFIT,NONSTOCK CORPORATION.

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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 $0
Program Service Revenue $0
Investment Income $68,033
Other Revenue $0
TOTAL REVENUE $68,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $102
TOTAL EXPENSES $102

Year-over-Year Comparison

2023 2022 Change
Revenue $68,033 $1,336,554 -0.9%
Expenses $102 $12,308 -1.0%
Net Income $67,931 $1,324,246 -0.9%
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
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MORTON CHAIRMAN AND CEO 1.00
Officer Director
$0 $0 $0
JOSE LOPEZ BOARD MEMBER N/A
Director
$0 $0 $0
FRED SEARS SECRETARY, BOARD MEMBER N/A
Director
$0 $0 $0
EMILIO RANA TREASURER AND CFO N/A
Officer
$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 No data No data No data No data
2023 $68,033 $102 $1,404,587 $67,931
2022 $1,336,554 $12,308 $1,336,554 $1,324,246
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