MI CENTRO

EIN: 911488193 501(c)(3) Human Services

TACOMA, WA

Total Revenue
$2,454,540
Total Expenses
$2,134,944
Total Assets
$2,389,610
Net Assets
$2,245,722
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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
1990
Legal Domicile
WA
Principal Officer
HUGO NICOLAS
Phone
2535727717
Tax Period
2024-07-01 to 2025-06-30

MI CENTRO, founded in 1990, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 13% surplus.

Mission

MI CENTRO (THE ORGANIZATION) IS A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO CULTIVATING THE ADVANCEMENT OF THE LATINO AND INDIGENOUS COMMUNITIES BY PROVIDING SOCIAL SERVICES AND EDUCATIONAL PROGRAMMING WHILE HONORING HERTIAGE AND CULTURE THROUGH THE ARTS.

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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 $2,432,673
Program Service Revenue $8,141
Investment Income $2,527
Other Revenue $11,199
TOTAL REVENUE $2,454,540

Expense Breakdown

Grants Paid $246,465
Salaries & Benefits $1,240,730
Fundraising Expenses $0
Program Expenses $1,994,725
Other Expenses $647,749
TOTAL EXPENSES $2,134,944

Year-over-Year Comparison

2024 2023 Change
Revenue $2,454,540 $1,449,303 +0.7%
Expenses $2,134,944 $1,579,840 +0.4%
Net Income $319,596 $-130,537 -3.4%
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
11
Independent Members
11
Employees
20
Volunteers
22

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
$146,833
Total Directors
12
$146,833
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE MEDNICK CHAIR 1.00
Officer Director
$0 $0 $0
HUGO NICOLAS TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
JIMMY DAVIDSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
SAMUEL BRADSHAW BOARD MEMBER 1.00
Director
$0 $0 $0
VICTOR BUSTOS BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC GONZALEZ ALFARO BOARD MEMBER 1.00
Director
$0 $0 $0
MIA GREGERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY REGIMBAL BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGIA RIDDLE BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA SIGUENZA BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN WICKENS BOARD MEMBER 1.00
Director
$0 $0 $0
BERNAL BACA EXECUTIVE DIRECTOR 40.00
Officer Director
$140,000 $6,833 $146,833
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
2025 $2,454,540 $2,134,944 $2,389,610 $319,596
2024 $1,449,303 $1,579,840 $2,059,791 $-130,537
2023 $3,267,128 $3,213,277 $2,139,168 $53,851
2022 $6,367,223 $6,319,587 $2,603,619 $47,636
2021 $3,722,178 $3,571,290 $2,518,468 $150,888
2021 $3,767,108 $3,617,811 $2,516,878 $149,297
2020 $955,283 $742,910 $1,848,635 $212,373
2019 $449,527 $470,322 $1,625,475 $-20,795
2018 $389,332 $426,251 $1,648,767 $-36,919
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