Latin American Health Alliance Ofcentral Massachusetts Inc
Latin American Health Alliance shows consistent asset growth and zero reported officer compensation over a decade.
EIN: 205359235 · Worcester, MA · NTEE: I40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $3.4M |
| Transparency Score | 92/100 |
Is Latin American Health Alliance Ofcentral Massachusetts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Latin American Health Alliance Ofcentral Massachusetts Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Latin American Health Alliance Ofcentral Massachusetts Inc
Latin American Health Alliance Ofcentral Massachusetts Inc (EIN: 205359235) is a nonprofit organization based in Worcester, MA, classified under NTEE code I40. The organization reported total revenue of $1.7M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latin American Health Alliance Ofcentral Massachusetts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latin American Health Alliance Ofcentral Massachusetts Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-85,415 |
| Total Assets | $3.7M |
| Total Liabilities | $336K |
| Net Assets | $3.4M |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 25.3 months |
Financial Health Grade: B
In 2023, Latin American Health Alliance Ofcentral Massachusetts Inc reported a deficit of $85K with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Latin American Health Alliance Ofcentral Massachusetts Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | +13.3% | +0.6% |
| 2022 | +54.6% | +23.8% | +9.0% |
| 2021 | +4.0% | +4.5% | +8.4% |
| 2020 | -14.5% | +6.8% | +2.5% |
| 2019 | +21.8% | +13.1% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Latin American Health Alliance Ofcentral Massachusetts Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Latin American Health Alliance Ofcentral Massachusetts Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with over $1.6 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Latin American Health Alliance Ofcentral Massachusetts Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or that leadership is entirely volunteer-based, warranting further inquiry.
Strengths
The following positive indicators were identified for Latin American Health Alliance Ofcentral Massachusetts Inc:
- Consistent asset growth over a decade, indicating strong financial management and sustainability.
- Zero reported officer compensation across all filings, suggesting a high dedication of resources to programs.
- Liabilities consistently represent a small fraction of total assets, indicating low financial risk.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Revenue generally exceeds expenses over the long term, contributing to financial health.
Frequently Asked Questions about Latin American Health Alliance Ofcentral Massachusetts Inc
Is Latin American Health Alliance Ofcentral Massachusetts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Latin American Health Alliance Ofcentral Massachusetts Inc (EIN: 205359235) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Latin American Health Alliance Ofcentral Massachusetts Inc spend its money?
Latin American Health Alliance Ofcentral Massachusetts Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Latin American Health Alliance Ofcentral Massachusetts Inc tax-deductible?
Latin American Health Alliance Ofcentral Massachusetts Inc is registered as a tax-exempt nonprofit (EIN: 205359235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Latin American Health Alliance Ofcentral Massachusetts Inc CEO make?
Latin American Health Alliance Ofcentral Massachusetts Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Latin American Health Alliance Ofcentral Massachusetts Inc's spending goes to programs?
Latin American Health Alliance Ofcentral Massachusetts Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Latin American Health Alliance Ofcentral Massachusetts Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Latin American Health Alliance Ofcentral Massachusetts Inc is above average for NTEE category I40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Latin American Health Alliance Ofcentral Massachusetts Inc located?
Latin American Health Alliance Ofcentral Massachusetts Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 205359235. It is classified under NTEE code I40.
How many years of IRS 990 filings does Latin American Health Alliance Ofcentral Massachusetts Inc have?
Latin American Health Alliance Ofcentral Massachusetts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Latin American Health Alliance Ofcentral Massachusetts Inc. financially stable?
Yes, the organization appears financially stable, with assets consistently growing over the past decade, reaching $3,813,195, and liabilities remaining a small percentage of assets.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
Has the organization's revenue been consistent?
Revenue has fluctuated year-to-year, ranging from $711,645 in 201506 to $1,996,313 in 202206, but generally shows an upward trend over the long term.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth, increasing from $1,320,856 in 201406 to $3,813,195 in the latest period, indicating strong financial accumulation.
Did the organization operate at a surplus or deficit recently?
In the most recent period (202306), the organization operated at a slight deficit, with expenses of $1,756,399 exceeding revenue of $1,670,984.
Filing History
IRS 990 filing history for Latin American Health Alliance Ofcentral Massachusetts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Latin American Health Alliance Ofcentral Massachusetts Inc's revenue has grown by 137.6%, moving from $703K to $1.7M. Total assets increased by 264.8% over the same period, from $1.0M to $3.7M. Total functional expenses rose by 283.2%, from $458K to $1.8M. In its most recent filing year (2023), Latin American Health Alliance Ofcentral Massachusetts Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $336K in liabilities against $3.7M in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $3.7M | $336K | — | — |
| 2022 | $2.0M | $1.6M | $3.7M | $376K | — | View 990 |
| 2021 | $1.3M | $1.3M | $3.4M | $298K | — | View 990 |
| 2020 | $1.2M | $1.2M | $3.1M | $402K | — | View 990 |
| 2019 | $1.5M | $1.1M | $3.0M | $356K | — | View 990 |
| 2018 | $1.2M | $992K | $2.5M | $206K | — | View 990 |
| 2017 | $1.3M | $934K | $2.3M | $213K | — | View 990 |
| 2016 | $1.2M | $824K | $2.0M | $276K | — | View 990 |
| 2015 | $712K | $530K | $1.6M | $230K | — | View 990 |
| 2014 | $693K | $407K | $1.3M | $155K | — | View 990 |
| 2013 | $516K | $437K | $1.0M | $180K | — | View 990 |
| 2012 | $524K | $476K | $1.1M | $285K | — | View 990 |
| 2011 | $703K | $458K | $1.0M | $277K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $3.7M (revenue -16.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.6M, and assets of $3.7M (revenue +54.6% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $3.4M (revenue +4.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $3.1M (revenue -14.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.1M, and assets of $3.0M (revenue +21.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $992K, and assets of $2.5M (revenue -10.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $934K, and assets of $2.3M (revenue +14.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $824K, and assets of $2.0M (revenue +62.5% year-over-year).
- 2015: Revenue of $712K, expenses of $530K, and assets of $1.6M (revenue +2.7% year-over-year).
- 2014: Revenue of $693K, expenses of $407K, and assets of $1.3M (revenue +34.2% year-over-year).
- 2013: Revenue of $516K, expenses of $437K, and assets of $1.0M (revenue -1.6% year-over-year).
- 2012: Revenue of $524K, expenses of $476K, and assets of $1.1M (revenue -25.4% year-over-year).
- 2011: Revenue of $703K, expenses of $458K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latin American Health Alliance Ofcentral Massachusetts Inc:
Data Sources and Methodology
This transparency report for Latin American Health Alliance Ofcentral Massachusetts Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.