PORTUGUESE CULTURAL CENTER INC (EIN 061535876) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

AIRES CARNEIRO

Phone

2037481278

Tax Period

2023-07-01 to 2024-06-30

PORTUGUESE CULTURAL CENTER INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $597K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $523K left a modest 12% surplus.

Mission

TO STIMULATE, DEVELOP, SPONSOR, AND PROMOTE PUBLIC INTEREST, AWARENESS, APPRECIATION, AND UNDERSTANDING OF THE CULTURE, ARTS, AND LANGUAGE OF PORTUGAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,034

Program Service Revenue $49,519

Investment Income $21

Other Revenue $462,891

TOTAL REVENUE $597,465

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $77,284

Fundraising Expenses $24,905

Program Expenses $358,898

Other Expenses $437,691

TOTAL EXPENSES $523,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$597,465	$700,906	-0.1%
Expenses	$523,475	$520,475	+0.0%
Net Income	$73,990	$180,431	-0.6%

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

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
AIRES CARNEIRO	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDRE MORAIS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RUI FIGUEIREDO	TREASURER	5.00	Officer Director	$0	$0	$0
ANTONIO NEVES	SECRETARY	5.00	Officer Director	$0	$0	$0
CARLO PERRY	CHAIRPERSON - ARTS & ENTER	1.00	Director	$0	$0	$0
JACK ANDRADE	CO-CHAIR - ARTS & ENTERTAI	1.00	Director	$0	$0	$0
LILY NOVAK	CO-CHAIR - ARTS & ENTERTAI	1.00	Director	$0	$0	$0
DAVID FURTADO	CHAIRPERSON - BEVERAGE COM	1.00	Director	$0	$0	$0
JOSE TEIXEIRA	CHAIRPERSON - FACILITY COM	1.00	Director	$0	$0	$0
JOE RIBEIRO	CO-CHAIRPERSON - FACILITY	1.00	Director	$0	$0	$0
RUI RIBEIRO	CHAIRPERSON - MEMBERSHIP C	1.00	Director	$0	$0	$0
DANIEL SILVA	CHAIRPERSON - TECHNOLOGY C	1.00	Director	$0	$0	$0
STEVEN CARNEIRO	CHAIRPERSON - SPORTS ASSOC	1.00	Director	$0	$0	$0
ROGERIO PEREIRA	VOGAL	1.00	Director	$0	$0	$0
FERNANDO BAPTISTA	VOGAL	1.00	Director	$0	$0	$0
N/A	CHAIRMEN	1.00		$0	$0	$0
N/A	PAST PRESIDENT	1.00		$0	$0	$0
N/A	MEMBER	1.00		$0	$0	$0
N/A	MEMBER	1.00		$0	$0	$0
N/A	MEMBER	1.00		$0	$0	$0
N/A	MEMBER	1.00		$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
2024	$597,465	$523,475	$2,885,555	$73,990
2023	$700,906	$520,475	$2,985,406	$180,431
2022	$1,010,413	$540,578	$2,976,978	$469,835
2021	$266,345	$463,141	$2,796,342	$-196,796
2020	$499,785	$573,214	$2,983,205	$-73,429
2019	$640,452	$639,245	$3,065,642	$1,207
2018	$768,610	$649,791	$3,232,816	$118,819

PORTUGUESE CULTURAL CENTER INC