COMMUNITY CENTER OF GRUPO AMIGOS D… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JOSEPH A CAVACO

Phone

4017222110

Tax Period

2024-04-01 to 2025-03-31

COMMUNITY CENTER OF GRUPO AMIGOS DA TERCEIRA, founded in 1988, is a small nonprofit in the Recreation & Sports sector that reported $650K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

A SOCIAL ORGANIZATION DEDICATED TO THE ADVANCEMENT OF THE PORTUGUESE HERITAGE, LANGUAGE, AND CUSTOMS.

Program Service Accomplishments

Program 1

THE ORGANIZATIONS PROGRAM SERVICES ARE DERIVED FROM ITS ANNUAL FEAST AND VARIOUS SMALLER EVENTS THAT OFFER CULTURAL ACTIVITIES FOR ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $44,438

Program Service Revenue $612,836

Investment Income $0

Other Revenue $-6,859

TOTAL REVENUE $650,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,369

Fundraising Expenses $0

Other Expenses $628,952

TOTAL EXPENSES $656,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,415	$444,960	+0.5%
Expenses	$656,321	$474,980	+0.4%
Net Income	$-5,906	$-30,020	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELIO PEREIRA	PRESIDENT	12.00	Officer	$0	$0	$0
NATHAN PEREIRA	VICE PRESIDENT	12.00	Officer	$0	$0	$0
JOSEPH A CAVACO	TREASURER	12.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$650,415	$656,321	$654,865	$-5,906
2020	$200,769	$228,420	$811,632	$-27,651
2019	$206,249	$203,874	$876,085	$2,375
2018	$175,689	$189,150	$907,331	$-13,461

COMMUNITY CENTER OF GRUPO AMIGOS DA TERCEIRA