Trucha EIN 85-3104670 Form 990 (PDF) Claim this org

Trucha FY2023 filing

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Informs readers about Rio Grande Valley people, culture, and social movements, centering migrant communities of color. For fiscal year 2023 it reported $620K in revenue, $533K in expenses, and $488K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
McAllen, TX
Website
trucha.org
Filings
5 on file (2020–2023)
Revenue
$620KFY2023
Expenses
$533K
Net assets
$488K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3104670 Public charity (501(c)(3)) McAllen, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Informs readers about Rio Grande Valley people, culture, and social movements, centering migrant communities of color.
Leadership
Josue Ramirez · Director · $59K
Money in and out
$620K revenue, $533K expenses
Bottom line
67% program efficiency
Where the money goes · FY2023
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$488K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $86K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.33
Program efficiency
67%
of spending reaches programs
Operating runway
10.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+14%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$620K
FY2023▲ +29%
Expenses
$533K
FY2023▲ +129%
Total assets
$488K
FY2023▲ +21%
Total liabilities
$0
FY2023
Total revenue
$620K
Pt VIII · Ln 12
Total expenses
$533K
Pt IX · Ln 25
Net assets
$488K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$86K
Total assetsPt X · Ln 16$488K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrucha
EINHdr · item D85-3104670
Principal addressHdr · item CMcAllen, TX
WebsiteHdr · item Jtrucha.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A20)
Ruling yearIRS BMFNov 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$59,221Pt VII · Sec A
Director
$58,463Pt VII · Sec A
$1,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Josue Ramirez’s $75K as Director is at the 14th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Josue Ramirez$75,000$59,221$65,000
Leonardo Rodriguez$73,000
Omar Casas$65,000$58,463$60,000
Ismael Melendez$1,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $359K of program spending, described in the organization's own filed words · FY2023.
01

Cultural Program

Our cultural work supports local artists and connects them to grassroots movements. Some examples of our creative efforts include the Protect Trans Youth Campaign in support and collaboration with GENTex, the RGV Trans Closet and STEP.

$145Kprogram expense
02

Movement Journalism

Truchas focus on movement journalism fosters the voices of local grassroots leaders and RGV residents by providing editorial support, a platform to share their writing and equitable payment for their work. Trucha has an open pitch process and welcomes submissions for short and longform articles from locals.

$111Kprogram expense
03

Videography Program

Our videography work captures our local experiences and has featured short form interview, coverage of actions and longer form collaborations with organization including Plannned Parenthood of South Texas and the National Latina Institute for Reproductive Health.

$103Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$620K
— government grantsLn 1e$8K
Total revenueLn 12$620K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.33
Program services67%$359K
Management & general33%$175K
Total functional expensesLn 25$533K

Balance Sheet

Part X · end of year
CashLn 1$467K
Total assetsLn 16$488K
Total liabilitiesLn 26$0
Total net assetsLn 32$488K
Months of cash on handcomputed10.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $467K · Operating expenses/yr $533K
10.5 months
Where the money goes
Program services
Program services $359K · Total expenses $533K
67%
Management & General
Management & general $175K · Total expenses $533K
33%
Fundraising
Fundraising $0 · Total expenses $533K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $424K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $620K · Total revenue $620K
100%
Government reliance
Government grants $8K · Total revenue $620K
1%
Earned-income share
Program service revenue $0 · Total revenue $620K
0%
Investment reliance
Investment income $0 · Total revenue $620K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $533K
0%
Growth & trend
Revenue growth (YoY)
This year $620K · Prior year $480K
+29%
Net-asset trend (YoY)
End of year $488K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $620K · Expenses $533K
+14%
Liabilities-to-Assets
Total liabilities — · Total assets $488K
Net-asset ratio
Net assets $488K · Total assets $488K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $488K
0%
People & payroll
Highest Reported Total Compensation
Individual Josue Ramirez · Reported title Director · Highest reported compensation $59K · Total expenses $533K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $249K · Total expenses $533K
47%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 33%
Fundraising cost ratio 0%
Revenue growth 29%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$75K
Windward FundFY2024$64K
Total grants receivedfrom 8 funders$920K
See all 8 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$620K revenue · viewing · ⤓ 990 PDF
FY2022$480K revenue · ⤓ 990 PDF
FY2021$179K revenue · ⤓ 990 PDF
FY2020$18K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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