National Society of Hispanic Mbas Inc Dba Prospanica
Nonprofit profile at a glance
- EIN
- 270436759
- IRS 990 coverage
- 2015–2021
- Forms available
- Form 990 2021
- Location
- Dallas, TX, USA
- Phone
- 8662762140
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,100,454
- Expenses
- $1,317,454
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- THOMAS SAVINO (CEO)
Highest reported compensation
- THOMAS SAVINO (CEO): $263,149 total reported compensation
- MONICA PUENTE (VP-FINANCE): $111,638 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization's vision is to be the leading catalyst for professional achievement. The mission is to empower and enable Hispanic professionals to achieve their full educational, economic, and social potential. We facilitate our mission by providing Hispanic students and professionals continuous professional development, educational & networking opportunities and career advancement. We work with organizations seeking to hire and develop Hispanic talent and we grow our network by recruiting and retaining members; with majority being Hispanic MBAs.
What it reported doing in 2021
Local chapter events help drive membership as well as promote educational leadership, career and professional development of hispanic business professionals, mba alumni, students and potential mba candidates.
Operating model
- Revenue model
- Earned-program. 80% of the money available for current operations came from fees and other program revenue.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 94
- Accountability: 84
- Sustainability: 41
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 80%; rating input score 80; 13th 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 37.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 28.4%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: -37.5% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -12.1% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -20% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $263K · 11 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $108K reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay and related organizations
- Filing history: 7 filing years from 2015 to 2021
- Contacts: How to reach this organization
- Money network: 2 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.