Latino Corporate Directors Association
Nonprofit profile at a glance
- EIN
- 461866372
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015, Form 990-N 2014
- Location
- Washington, DC, USA
- Phone
- 2024306954
- Rating confidence
- Limited
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $2,966,785
- Expenses
- $2,990,198
- Assets
- $1,196,320
- Liabilities
- $217,136
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- OSWALDO GROMADA MEZA (PRESIDENT/CEO)
Highest reported compensation
- OSWALDO GROMADA MEZA (PRESIDENT/CEO): $338,963 total reported compensation
- CARMEN JOGE (VP, PROGRAMS & OPERATIONS): $188,625 total reported compensation
- WENDY STURLEY (VP, EVENTS): $145,304 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Lcda's mission is to develop, support and increase the number of us hispanic/latinos on corporate boards. We accomplish this mission through several strategic programmatic focus areas: membership, demand, and talent services.in 2024, lcda marked several significant achievements:-achieved 20% membership growth, bringing us to nearly 700 members-lcda facilitated over 550 one-on-one introductions between latino board-ready executives and leading search firms, private equity organizations, and boards.-participated in over 140 board executive searches, expanding opportunities for latino representation. Today, we have extraordinary influence and potential.as we venture into 2025, lcda is poised to gather and map out a bold new vision for the years ahead. It will launch a comprehensive member and stakeholder survey whose findings will help the board begin key discussions on a strategic plan forward. All while sustaining its level of funding and operational performance across its top priorities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 76
- Accountability: 95
- Sustainability: 24
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.8%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.4; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 35.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 24% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 16.9% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $339K · 23 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $135K reported
- Consistency: 11 of 11 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.