Centro Las Americas Inc
Nonprofit profile at a glance
- EIN
- 042714991
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Worcester, MA, USA
- Phone
- 5087981900
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $12,833,354
- Expenses
- $12,930,456
- Assets
- $3,163,773
- Liabilities
- $2,021,306
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- AGUSTINA VELAZQUEZ (PRESIDENT & CEO)
- JUAN A GOMEZ (PRESIDENT & CEO (THRU 12/24))
- TIMOTHY J KIRBY (VICE PRESIDENT & CFO)
Highest reported compensation
- JUAN A GOMEZ (PRESIDENT & CEO (THRU 12/24)): $152,981 total reported compensation
- TIMOTHY J KIRBY (VICE PRESIDENT & CFO): $147,017 total reported compensation
- AGUSTINA VELAZQUEZ (PRESIDENT & CEO): $146,028 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create a fully-integrated multi-cultural, multi-linguistic health and human services delivery system, while developing long-term economic strength and sustainability.
What it reported doing in 2024
Family and community services - programs include family service programs that provide child protection case management, parent and family skill building, and support to families with members who are developmentally disabled, community service programs that include a food program and social, economic, educational, health and advocacy programs, a workforce development program designed to help individuals in the community with job placement and entrepreneurial skills including training and technical assistance, an esl program designed to prepare unemployed and underemployed people who are hampered by limited english proficiency for entry into the workplace by focusing on basic speaking, reading, writing, and job specific vocabulary.
Operating model
- Revenue model
- Grant-funded. 74% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 83
- Accountability: 95
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 83.6%; rating input score 84
- Fundraising efficiency: $56.1 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 38th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 12% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 84.2% of revenue deployed · 83.6% of spending went to programs
- Governance: 10 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $10.8M in reported program spending
- Leadership: top reported pay $153K · 13 people listed · 3 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.