Hispanic Association of Atlantic County
Nonprofit profile at a glance
- EIN
- 834124114
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Atlantic City, NJ, USA
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $91,042
- Expenses
- $81,836
- Assets
- $56,167
- Liabilities
- $2,253
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Adalberto Lopez (President)
- Jessica Grullon (Vice President)
People named in this filing
- Adalberto Lopez (President)
- Jessica Grullon (Vice President)
- Felix Perez (Vice Presient)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A nonprofit organization with charitable and educational purposes. The Organizations charitable and educational activities include empowerment advocacy and the advancement of the Hispanic community within Atlantic County while preserving its Hispanic cultural heritage.
What it reported doing in 2024
Held a cultural celebration of "El Dia De Los Reyes Mago" 3 Kings Day which is a large Hispanic holiday celebrated throughout Latin America. We distributed toys and gifts to about 600 children from underserved communities of Atlantic City Pleasantville and surrounding communities.
Operating model
- Revenue model
- Donor-supported. 64% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.3%; rating input score 55
- Program expense ratio: 61.5%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 10.1%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 34.9% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 0% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 28.6% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 55.3% of revenue deployed · 61.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 6 filed program accomplishments · $50K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.