Hispanic Restaurant Association
Nonprofit profile at a glance
- EIN
- 862313981
- IRS 990 coverage
- 2023–2023
- Forms available
- Form 990 2023, Form 990-EZ 2022
- Location
- Castle Rock, CO, USA
- Phone
- 3086604283
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $218,539
- Expenses
- $251,217
- Assets
- $35,896
- Liabilities
- $48,300
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- John Jaramillo (President)
Highest reported compensation
- Fernando Stovell (Director and Consultant): $56,832 total reported compensation
- Pablo Aya (Culinary Director): $25,474 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to advocate on behalf of Hispanic restaurateurs chefs and entrepreneurs in order to open and operate their restaurants more effective and efficiently. Our vision is to educate and elevate the Hispanic community across a multi-generational spectrum.
What it reported doing in 2023
The HRA membership offers exclusive features to address future challenges in the culinary industry. Members benefit from innovative solutions that are reshaping the landscape of restaurants and kitchens. The Restaurant Fundamentals Course equips participants with essential knowledge to strengthen their businesses. Covering topics from health and safety to menu planning and restaurant management this course provides valuable insights for success. National Hispanic Restaurant Week established by the HRA celebrates Hispanic Heritage Month with special promotions and opportunities to highlight cultural heritage. Recognized by the Senate this week showcases achievements within the Hispanic culinary community. Access the Restaurant Vendors & Suppliers RVS network for a wide range of resources including financial advice ESL programs and real estate expertise. This network offers valuable support to enhance various aspects of restaurant operations. Members receive a 20% discount on courses offered by the HRA Academy facilitating continuous learning and skill development in the culinary field. Expressing appreciation for member support the HRA offers weekly Zoom lessons providing exclusive insights interactive Q&A sessions and opportunities to expand culinary knowledge and expertise.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% 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 a large share of available resources goes toward mission work. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Accountability: 26
- Sustainability: 13
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.5%; rating input score 80
- Program expense ratio: 70%; rating input score 70
- Fundraising efficiency: $9.47 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Fail
Sustainability
- Operating margin: -15%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 1.35; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 32.8%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 59.9% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 133.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 80.5% of revenue deployed · 70% of spending went to programs
- Governance: 0 of 3 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $176K in reported program spending
- Leadership: top reported pay $57K · 4 people listed
- Consistency: 37 of 37 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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 — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 19/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 9/100.