ILAC FOUNDATION INC (EIN 134246159) - 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

2003

Legal Domicile

Principal Officer

ALBERTO BATISTA

Phone

3055823496

Tax Period

2023-01-01 to 2023-12-31

ILAC FOUNDATION INC, founded in 2003, is a small nonprofit in the International Affairs sector that reported $577K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $799K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROMOTE BETTER HEALTH AND LIVING CONDITIONS AS WELL AS EDUCATION PROGRAMS FOR IMPOVERISHED AND FARMERS OF THE DOMINICAN REPUBLIC, INCLUDING IMPROVED EDUCATION, DISEASE PREVENTION, AND PRACTICAL HEALTH MAINTENANCE SOLUTIONS

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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 $570,420

Program Service Revenue $0

Investment Income $6,340

Other Revenue $0

TOTAL REVENUE $576,760

Expense Breakdown

Grants Paid $780,873

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $799,191

Other Expenses $18,318

TOTAL EXPENSES $799,191

Year-over-Year Comparison

	2023	2022	Change
Revenue	$576,760	$410,088	+0.4%
Expenses	$799,191	$407,666	+1.0%
Net Income	$-222,431	$2,422	-92.8%

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
DR JORGE ECHENIQUE	CHAIRMAN	2.00	Director	$0	$0	$0
JOSE A GARRIDO	VICCE CHAIRMAN	0.50	Director	$0	$0	$0
ALBERTO BATISTA	SECRETARY/TREASURER	5.00	Director	$0	$0	$0
BUDDY J LEVY	DIRECTOR	0.50	Director	$0	$0	$0
ANIBAL DUARTE-VIERA	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS ARAZOZA	DIRECTOR	1.00	Director	$0	$0	$0
MARTA MARIA CENTURION	DIRECTOR	1.00	Director	$0	$0	$0
BEATRIZ MORALES	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTO FERNANDEZ TRAVIESO	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$576,760	$799,191	$446,614	$-222,431
2022	$410,088	$407,666	$669,045	$2,422
2021	$255,098	$105,869	$666,622	$149,229
2020	$100,433	$4,659	$500,492	$95,774
2019	$161,749	$98,578	$876,210	$63,171
2018	$51,126	$167,384	$862,605	$-116,258

ILAC FOUNDATION INC