Latin American Business Organization Inc

Nonprofit profile at a glance

EIN
810824363
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2023
Location
Worcester, MA, USA
Phone
5087693532
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Urban, Community Economic Development

Reported finances

Revenue
$355,742
Expenses
$351,859
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ELIZABETH CRUZ (PRESIDENT)

Highest reported compensation

  • ELIZABETH CRUZ (PRESIDENT): $37,050 total reported compensation
  • KARYN SANCHEZ (TREASURER): $7,925 total reported compensation
  • ROSA MARIA SALAS (SECRETARY): $5,705 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide economic growth and development workshops and info sessions to small businesses in the community. To provide guidance and assistance in the needs of the small businesses of the community to help support these businesses with their business growth, development, education success, and to provide the ability for collaboration among the small businesses of the community.

What it reported doing in 2025

The arpa grant received allowed us to run the supplier diversity classes hosted to allow the education and assistance to small businesses in their journey of obtaining statewide certification. Also the ventrue capitalist courses and pathway to becoming bankable provide small businesses the opportunity to educate themselves on proper formation of their businesses and tools on how to grow their businesses, and prepare their financial documents and business plan so they can be ready to apply for financing when needed.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
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 and program spending has grown recently. Some filing-based governance responses are negative or unanswered and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 23
  • Transparency & Controls: 70
  • Accountability: 0
  • Sustainability: 21
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 17.7%; rating input score 18
  • Program expense ratio: 17.9%; rating input score 18
  • Fundraising efficiency: $33.22 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 77.8%; rating input score 78; 0th 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: Limited
  • Governance controls: 0 of 9 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Missing
    • Other executive compensation review process: Missing
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.1%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 14.4%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 200% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 45.1% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -10.2% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 17.7% of revenue deployed · 17.9% of spending went to programs
  • Governance: 0 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $232K in reported program spending
  • Leadership: top reported pay $37K · 3 people listed
  • Consistency: 12 of 15 current checks pass · 3 findings to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 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: Governance controls: 6 of 6 not reported.
  • High — Financial Efficiency: Mission deployment rate scored 18/100.
  • High — Financial Efficiency: Program expense ratio scored 18/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX Occupancy column sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX OtherSalariesAndWages column sum did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.