MINEOLA PORTUGUESE CENTRE INC (EIN 112686014) - 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

1939

Legal Domicile

Phone

5165678183

Tax Period

2024-01-01 to 2024-12-31

MINEOLA PORTUGUESE CENTRE INC, founded in 1939, is a small nonprofit in the Arts, Culture & Humanities sector that reported $250K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 66 months of operating reserves.

Mission

TO PROVIDE AND PROMOTE CULTURAL AND SOCIAL UNDERSTANDING IN THE LOCAL COMMUNITY THROUGH DEMONSTRATING AND EXEMPLIFYING PORTUGUESE TRADITIONS AND IDEALS. ALSO PROVIDE PORTUGUESE EDUCATION TO SECOND AND THIRD AND SUBSEQUENT GENERATIONS OF PORTUGUESE AMERICANS.

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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 $100,684

Program Service Revenue $28,835

Investment Income $19,540

Other Revenue $100,496

TOTAL REVENUE $249,555

Expense Breakdown

Grants Paid $200

Salaries & Benefits $0

Fundraising Expenses $91,640

Program Expenses $18,820

Other Expenses $270,711

TOTAL EXPENSES $270,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,555	$523,691	-0.5%
Expenses	$270,911	$273,766	0.0%
Net Income	$-21,356	$249,925	-1.1%

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

N/A

Employees

N/A

Volunteers

N/A

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
JOAO VIEIRA	PRESIDENT	25.00	Officer	$0	$0	$0
FERNANDO FRADE	VICE PRESIDENT	25.00	Officer	$0	$0	$0
NELSON FAISCA Jr	TREASURER	25.00	Officer	$0	$0	$0
CELSO REIS	VICE PRESIDENT	0.00	Officer	$0	$0	$0
ANTONIO GONCALVES	TREASURER	0.00	Officer	$0	$0	$0
AGOSTINHO FERREIRA	TREASURER	0.00	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	No data	No data	No data	No data
2024	$249,555	$270,911	$1,368,712	$-21,356
2023	$523,691	$273,766	$1,390,068	$249,925

MINEOLA PORTUGUESE CENTRE INC