Promesa Foundation Inc

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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

1985

Legal Domicile

Principal Officer

LYMARIS ALBORS

Phone

7189914900

Tax Period

2023-01-01 to 2023-12-31

Promesa Foundation Inc, founded in 1985, is a community nonprofit in the Mental Health sector that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

PROMESA FOUNDATION, INC. WAS CREATED AS A DEVELOPMENT ARM FOR THE ENTIRE ACACIA NETWORK ORGANIZATION. THE FOUNDATION WORKS TO RAISE FUNDS FOR ACACIA NETWORK'S MANY OPERATING PROGRAMS. THE GOAL OF THE FOUNDATION IS TO DEVELOP STREAMS OF FUNDING AND PARTNERSHIPS WITH THE CORPORATE SECTOR TO SUPPORT AND EXPAND ITS OPERATIONS. THE MUTUAL PURPOSE OF ACACIA NETWORK IS TO BE A LEADER IN THE HEALTH AND HUMAN SERVICES ARENA BY PROVIDING AN ARRAY OF SERVICES IN HEALTH, EDUCATION, EMPLOYMENT, ECONOMIC AND COMMUNITY DEVELOPMENT, AND HOUSING ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $2,883,982 Revenue: $2,656,341

TO PROVIDE THE ACACIA NETWORK WITH FISCAL AND ADMINISTRATIVE OFFICE SPACE TO INCREASE TREATMENT AREA AVAILABLE AND CLIENTS SERVICED.

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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 $322,526

Program Service Revenue $2,652,241

Investment Income $94,254

Other Revenue $105,339

TOTAL REVENUE $3,174,360

Expense Breakdown

Grants Paid $94,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,883,982

Other Expenses $3,119,780

TOTAL EXPENSES $3,214,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,174,360	$3,501,347	-0.1%
Expenses	$3,214,180	$2,745,519	+0.2%
Net Income	$-39,820	$755,828	-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

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

$2,960,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAUL RUSSI	PRESIDENT	0.0	Officer	$0	$70,634	$980,006
Lymaris Albors	Chief Executive Officer	0.0	Officer	$0	$39,079	$842,965
JOSE A RODRIGUEZ	Chief legal officer/Exec. VP	0.0	Officer	$0	$37,084	$639,637
Vicky Gatell	chief financial officer	0.0	Officer	$0	$42,707	$497,576
Gilbert Hernandez	CHAIR	1.0	Officer Director	$0	$0	$0
FEDERICO PEREZ	SECRETARY	1.0	Officer Director	$0	$0	$0
Aileen Perez	Treasurer	1.0	Officer Director	$0	$0	$0
ARNIE SEGARRA	BOARD MEMBER	1.0	Director	$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	No data	No data	No data	No data
2023	$3,174,360	$3,214,180	$28,143,138	$-39,820
2022	$3,501,347	$2,745,519	$28,348,325	$755,828
2021	$3,536,945	$2,658,136	$24,684,933	$878,809
2020	$1,635,506	$2,494,003	$24,962,578	$-858,497
2019	$4,285,572	$2,608,115	$25,879,423	$1,677,457
2018	$3,667,381	$2,649,931	$24,287,401	$1,017,450