SPANISH BENEVOLENT SOCIETY- LA NACIONAL

EIN: 135540230

NEW YORK, NY

Total Revenue
$343,751
Total Expenses
$411,026
Total Assets
$136,052
Net Assets
$-44,011
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NY
Principal Officer
ANTONIO MORALES
Phone
2129297873
Tax Period
2023-01-01 to 2023-12-31

SPANISH BENEVOLENT SOCIETY- LA NACIONAL, founded in 1950, is a small nonprofit that reported $344K in total revenue in fiscal year 2023. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $411K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE, ENCOURAGE AND SPREAD THE SPIRIT OF FRATERNITY AMONG SPANISH AND HISPANIC-AMERICAN RESIDENTS OF THE UNITED STATES. THE CORPORATION'S ACTIVITIES AIM TO EDUCATE THE PUBLIC ABOUT SPANISH AND HISPANIC CULTURE AND THE HISTORY OF THE IMMIGRATION OF SPANISH-SPEAKING PEOPLE TO THE UNITED STATES, AND SUPPORT THE ARTS IN NEW YORK CITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,348
Program Service Revenue $331,403
Investment Income $0
Other Revenue $0
TOTAL REVENUE $343,751

Expense Breakdown

Grants Paid $16,120
Salaries & Benefits $53,215
Fundraising Expenses $0
Program Expenses $332,977
Other Expenses $341,691
TOTAL EXPENSES $411,026

Year-over-Year Comparison

2023 2022 Change
Revenue $343,751 $141,044 +1.4%
Expenses $411,026 $193,609 +1.1%
Net Income $-67,275 $-52,565 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$53,215
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTONIO MORALES PRESIDENT 16.00
Officer Director
$0 $0 $0
MAXIMINO VAZQUEZ VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
RAMON ABAJO TREASURER 4.00
Officer Director
$0 $0 $0
FRANCISCO SANTAMARIA BOARD MEMBER 4.00
Director
$0 $0 $0
ALEJANDRO IBANEZ BOARD MEMBER 4.00
Director
$0 $0 $0
SANDRA MARTINETTO BOARD MEMBER 4.00
Director
$0 $0 $0
MARIA MARTIN BOARD MEMBER 4.00
Director
$0 $0 $0
BEATRIZ MERRY BOARD MEMBER 4.00
Director
$0 $0 $0
RAMIRO SANDOVAL BOARD MEMBER 4.00
Director
$0 $0 $0
ROBERT SANFIZ EXECUTIVE DIRECTOR 40.00
Officer
$53,215 $0 $53,215
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 $343,751 $411,026 $136,052 $-67,275
2022 $141,044 $193,609 $93,527 $-52,565
2021 $433,542 $357,713 $75,829 $75,829
2020 No data No data No data No data
2019 $300,351 $275,618 No data $24,733
2018 $254,238 $168,443 $300,488 $85,795
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