Colombia Progresa Corporation

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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

2002

Legal Domicile

Principal Officer

Beatriz Fernandez

Tax Period

2023-01-01 to 2023-12-31

Colombia Progresa Corporation, founded in 2002, is a small nonprofit that reported $433K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $493K exceeded revenue, resulting in a 14% operating deficit.

Mission

To support organizations that provide education, nutrition and extracurricular activities to poor children in Colombia

Program Service Accomplishments

Program 1

Expenses: $487,940

Provision of resources for infrastructure improvements, new equipment for classrooms,furniture,equipment and appliances

Program 2

To finance academic scholarships, school supplies, physical therapy and rehabilitation programs, clothing and subsidized meals to disadvantaged youth in Colombia.

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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 $434,203

Program Service Revenue $0

Investment Income $-1,253

Other Revenue $0

TOTAL REVENUE $432,950

Expense Breakdown

Grants Paid $487,609

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $487,940

Other Expenses $5,771

TOTAL EXPENSES $493,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,950	$244,925	+0.8%
Expenses	$493,380	$398,804	+0.2%
Net Income	$-60,430	$-153,879	-0.6%

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
Maria Casas	Member	2.00	Director	$0	$0	$0
Ilse Fernandez	Member	2.00	Director	$0	$0	$0
Rocio Florez	Member	6.00	Director	$0	$0	$0
Myriam Pero	Secretary	12.00	Officer Director	$0	$0	$0
Beatriz Fernandez	President	30.00	Officer Director	$0	$0	$0
Cecilia Rivera-Casale	Treasurer	18.00	Officer Director	$0	$0	$0
Maria M Tobar	Member	1.00	Officer 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
2023	$432,950	$493,380	No data	$-60,430
2022	$247,525	$395,804	$60,558	$-148,279
2021	$436,849	$291,474	$225,848	$145,375
2020	$347,562	$338,274	$79,898	$9,288
2019	$367,090	$614,044	$70,610	$-246,954
2018	$433,582	$182,773	$317,564	$250,809