Conexion De Negocios Latinos
Nonprofit profile at a glance
- EIN
- 851795623
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- Springdale, AR, USA
- Phone
- 4796337399
- Rating
- 31
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Ethnic, Immigrant Centers
Reported finances
- Revenue
- $391,193
- Expenses
- $387,910
- Assets
- $3,283
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- IRMA CHAVEZ (CEO)
- EDDIE RAMOS (PRESIDENT OF BOARD)
Highest reported compensation
- IRMA CHAVEZ (CEO): $69,808 total reported compensation
- DIEGO MORALES IBARRA (DEPUTY DIRECTOR): $65,192 total reported compensation
- MARIA FELIX BAHENA SANTOS (ASSISTANT KEY EMPLOYEE): $43,269 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 promote leadership, networking, and support the success of the Latino community by providing resources, information, and education while promoting theawareness of the Latinx culture and helping Latinos in the US acclimate socially and financially
What it reported doing in 2024
To promote leadership, networking, and support the success of the Latino community byproviding resources, information, and education while promoting the awareness of the Latinxculture and helping Latinos in the US acclimate socially and financially.B. To help burgeoning entrepreneurs grow by supporting each other without envy and by creatinghealthy relationships between them.C. To build and strengthen a vibrant, prosperous, and connected Latinx community.
Operating model
- Revenue model
- Affiliate-supported. 76% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 72
- Accountability: 28
- Sustainability: 30
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.8%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 47.4%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -150% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: -59.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $70K · 9 people listed
- Consistency: 9 of 12 current checks pass · 3 findings to review
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.