CLEMENTE SOTO VELEZ CULTURAL AND EDUCATION CENTER (EIN 133735337) - 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

1993

Legal Domicile

Principal Officer

LIBERTAD GUERRA

Phone

2122604080

Tax Period

2023-09-01 to 2024-08-31

CLEMENTE SOTO VELEZ CULTURAL AND EDUCATION CENTER, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

WHILE THE CLEMENTES MISSION IS FOCUSED ON THE CULTIVATION , PRESENTATION, AND PRESERVATION OF PUERTO RICAN AND LATINO CULTURE, IT IS EQUALLY DETERMINED TO OPERATE IN A MULTICULTURAL AND INCLUSIVE MANNER, HOUSING AND PROMOTING ARTISTS AND PERFORMANCE EVENTS THAT FULLY REFLECT THE CULTURAL DIVERSITY OF LOWER EAST SIDE AND THE CITY AS A WHOLE.

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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 $864,167

Program Service Revenue $614,696

Investment Income $43,998

Other Revenue $3,508

TOTAL REVENUE $1,526,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $868,487

Fundraising Expenses $173,565

Program Expenses $1,299,847

Other Expenses $981,937

TOTAL EXPENSES $1,850,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,526,369	$5,170,206	-0.7%
Expenses	$1,850,424	$1,419,788	+0.3%
Net Income	$-324,055	$3,750,418	-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

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

$123,951

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIBERTAD GUERRA	EXECUTIVE DI	40.00	Officer	$123,951	$0	$123,951
ANA CHIRENO	BOARD MEMBER	2.00	Director	$0	$0	$0
GUIDO HARTRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD MORALES	SECRETARY	2.00	Officer Director	$0	$0	$0
URAYOAN NOEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANNYA RAMIREZ-JIMENEZ	TREASURER	2.00	Officer Director	$0	$0	$0
VERNICA RELEA	CHAIR	2.00	Officer Director	$0	$0	$0
KARINA AGUILERA SKVIRSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
BEATRIZ DE LA TORRE	BOARD MEMBER	2.00	Director	$0	$0	$0
JORGE VASQUEZ	BOARD MEMBER	2.00	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	$1,526,369	$1,850,424	$5,432,252	$-324,055
2023	$5,170,206	$1,419,788	$5,846,230	$3,750,418
2022	$1,543,685	$983,379	$2,169,037	$560,306
2021	$1,451,429	$895,568	$1,546,684	$555,861
2021	$1,657,429	$881,519	$1,560,733	$775,910
2020	$997,338	$1,067,311	$844,289	$-69,973
2019	$977,717	$1,054,891	$597,948	$-77,174

CLEMENTE SOTO VELEZ CULTURAL AND EDUCATION CENTER