PROSPANICA

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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

1988

Legal Domicile

Principal Officer

THOMAS SAVINO

Phone

8662762140

Tax Period

2024-01-01 to 2024-12-31

PROSPANICA, founded in 1988, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 70% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC, AND SOCIAL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $1,991,101

The Prospanica Leadership Summit empowers Hispanic professionals, chapter leaders, members, and students by providing a platform for leadership development, networking, and skill-building. This event connects participants with industry leaders and experts, fostering growth opportunities and inspiring positive change in the Hispanic community. By investing in the advancement of Hispanic leaders, the Leadership Summit contributes to the overall growth and success of the community.

Program 2

Expenses: $470,560 Revenue: $1,072,057

The Prospanica National Conference is a premier event that brings together Hispanic professionals, students, and corporate partners to promote educational advancement, career development, and...

The Prospanica National Conference is a premier event that brings together Hispanic professionals, students, and corporate partners to promote educational advancement, career development, and leadership within the Hispanic community. This event provides invaluable networking opportunities, professional development workshops, and access to resources that empower participants to achieve their career goals.

Program 3

Expenses: $31,000

The Prospanica Scholarship Program supports Hispanic students pursuing undergraduate or graduate degrees in business and related fields. By providing financial assistance, this program helps students overcome financial barriers and achieve their academic goals. This, in turn, promotes the advancement of Hispanics in higher education and contributes to a more diverse and inclusive business landscape.

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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 $190,430

Program Service Revenue $1,657,036

Investment Income $260,383

Other Revenue $91

TOTAL REVENUE $2,107,940

Expense Breakdown

Grants Paid $31,000

Salaries & Benefits $1,543,628

Fundraising Expenses $441

Program Expenses $2,492,661

Other Expenses $2,003,316

TOTAL EXPENSES $3,577,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,107,940	$2,828,553	-0.3%
Expenses	$3,577,944	$3,394,198	+0.1%
Net Income	$-1,470,004	$-565,645	+1.6%

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

Volunteers

200

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

$704,269

Total Directors

$327,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SAVINO	CEO	40.00	Officer Director	$313,259	$14,157	$327,416
AMANDA TOVAR	COO	40.00	Officer	$200,000	$12,850	$212,850
MARIA LIMA	VP OF FINANCE	40.00	Officer	$149,650	$14,353	$164,003
ESTHER GONZALEZ	VP-PROGRAMS/PARTN	40.00		$150,000	$11,889	$161,889
RAQUEL SANTIAGO-MARTINEZ	Treasurer	2.00	Officer Director	$0	$0	$0
KIRK SANTOR	Director	2.00	Director	$0	$0	$0
JOE ZUBI	Director	2.00	Director	$0	$0	$0
JIM HUERTA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JANET SIMMS	Chairman	2.00	Officer Director	$0	$0	$0
BILL SCHWARTZ	Director	2.00	Director	$0	$0	$0
ELYSE ESTRADA	Director	2.00	Director	$0	$0	$0
ERIKA CRAMER	Secretary	2.00	Officer 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	$2,107,940	$3,577,944	$4,853,983	$-1,470,004
2023	$2,828,553	$3,394,198	$6,428,954	$-565,645
2022	$3,018,756	$2,789,452	$6,699,423	$229,304
2021	$398,323	$660,383	$7,010,491	$-262,060
2020	$317,496	$1,447,848	$5,525,700	$-1,130,352
2019	$523,294	$428,632	$6,295,444	$94,662
2018	$377,810	$365,197	$5,545,597	$12,613