COLORADO AFRO LATIN DANCE AND ARTS COLLECTIVE (EIN 881403487) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

TOM OGUNRIBIDO

Phone

7207732259

Tax Period

2024-01-01 to 2024-12-31

COLORADO AFRO LATIN DANCE AND ARTS COLLECTIVE, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $338K exceeded revenue, resulting in a 17% operating deficit.

Mission

COLORADO AFRO LATIN DANCE AND ARTS COLLECTIVE (CALDAC) IS DEDICATED TO THE PROMOTION, EDUCATION, AND PRESERVATION OF LATINX AND AFRO CARIBBEAN CULTURE THROUGH THE ARTS IN COLORADO. (CONTINUED ON SCHEDULE O.)

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,370

Program Service Revenue $270,642

Investment Income $0

Other Revenue $0

TOTAL REVENUE $289,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,269

Program Expenses $310,231

Other Expenses $337,957

TOTAL EXPENSES $337,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,012	$247,658	+0.2%
Expenses	$337,957	$398,990	-0.2%
Net Income	$-48,945	$-151,332	-0.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELSON NISTTAHUZ VASQUEZ	PRESIDENT	12.00	Officer Director	$0	$0	$0
MARCELA VILLAGARCIA	VICE PRESIDENT/TREASURER	10.00	Officer Director	$0	$0	$0
LATISHA HARDY	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM OGUNRIBIDO	EXECUTIVE DIRECTOR	10.00	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	$289,012	$337,957	$37,811	$-48,945
2023	$247,658	$398,990	$35,804	$-151,332
2022	$229,056	$238,364	$45,657	$-9,308

COLORADO AFRO LATIN DANCE AND ARTS COLLECTIVE