Latino Chamber of Commerce of Dane County Inc
Nonprofit profile at a glance
- EIN
- 261771853
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Madison, WI, USA
- Phone
- 9206609160
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,535,693
- Expenses
- $1,479,569
- Assets
- $6,860,681
- Liabilities
- $6,303,354
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- ALEX YSQUIERDO (Vice President)
Highest reported compensation
- Jorge Antezana (Executive Dir.): $67,350 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to maximize economic development and job creation though advocacy and programs that generate success and value for our Latino and Non-Latino business community.
What it reported doing in 2024
Wisconsin latino chamber of commerce represents the latino and the non-latino business community in the state of Wisconsin. We assist and promote the interests of our members and community through advocacy and programs that make an overall impact to Wisconsin's economic growth. The diverse relationship of our active members and partners is an ideal mixture of small business owners, corporate representatives, and government leaders. Wisconsin latino chamber of commerce represents the latino and backbone of our local economy which is why we emphasize the importance of our chamber of commerce network and contacts.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 77
- Accountability: 90
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.2%; rating input score 67
- Program expense ratio: 69.8%; rating input score 70
- Fundraising efficiency: $75.82 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 70.1%; rating input score 70; 32nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 4.64; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 50% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: 24.8% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 34.4% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 67.2% of revenue deployed · 69.8% of spending went to programs
- Governance: 11 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $67K · 8 people listed
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 17 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Moderate — Transparency & Controls: Independent members within voting members did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 54/100.