LATIN CHAMBER OF COMMERCE NEVADA INC

EIN: 880142780

LAS VEGAS, NV

Total Revenue
$828,591
Total Expenses
$630,428
Total Assets
$2,396,279
Net Assets
$1,349,396
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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
1976
Legal Domicile
NV
Phone
7023857367
Tax Period
2023-01-01 to 2023-12-31

LATIN CHAMBER OF COMMERCE NEVADA INC, founded in 1976, is a small nonprofit that reported $829K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $198K, a strong 24% operating margin.

Mission

TO PROMOTE SMALL HISPANIC AND OTHER BUSINESSES IN THE STATE OF NEVADA

Program Service Accomplishments

Program 1

Educational Mission - To facilitate the participation parents in their childrens' schools; to encourage increased Hispanic graduation rates, foster community partnerships with local schools and...

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Educational Mission - To facilitate the participation parents in their childrens' schools; to encourage increased Hispanic graduation rates, foster community partnerships with local schools and review grant opportunities for Hispanic education programs. To help educate the hispanic community to effectively obtain gainful employment and effectively work/progress in their respective careers.

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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 $639,197
Program Service Revenue $130,900
Investment Income $11,713
Other Revenue $46,781
TOTAL REVENUE $828,591

Expense Breakdown

Grants Paid $0
Salaries & Benefits $278,991
Fundraising Expenses $106,794
Other Expenses $351,437
TOTAL EXPENSES $630,428

Year-over-Year Comparison

2023 2022 Change
Revenue $828,591 $716,010 +0.2%
Expenses $630,428 $502,528 +0.3%
Net Income $198,163 $213,482 -0.1%
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
8
Independent Members
N/A
Employees
7
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
3
$145,000
Total Directors
9
$145,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter Guzman President & CEO 20.00
Officer Director
$145,000 $0 $145,000
ALEX VAZQUES ASSIST SEC-TREA 1.00
Director
$0 $0 $0
Sonia Joya Chairman 1.00
Director
$0 $0 $0
MAITE SALAZAR Director 1.00
Director
$0 $0 $0
WALTER FLORES-AGUIRRE Director 1.00
Director
$0 $0 $0
Maggie Arias Petrel Director 1.00
Officer Director
$0 $0 $0
ZOILA SANCHEZ Director 1.00
Director
$0 $0 $0
Andres Estrada IMM. PAST-CHAIR 1.00
Officer Director
$0 $0 $0
Debbie Holleran SEC-TREASURER 1.00
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 No data No data No data No data
2023 $828,591 $630,428 $2,396,279 $198,163
2022 $716,010 $502,528 $1,963,709 $213,482
2021 $615,932 $447,587 $1,607,161 $168,345
2020 $465,110 $440,472 $1,337,032 $24,638
2019 $574,191 $434,115 $1,221,699 $140,076
2018 $580,555 $398,986 $951,522 $181,569
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