AFIA FOUNDATION INC (EIN 203957960) - 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

2005

Legal Domicile

Principal Officer

JOSE VIRELLA

Phone

2127491820

Tax Period

2024-01-01 to 2024-12-31

AFIA FOUNDATION INC, founded in 2005, is a community nonprofit in the Health Care sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 6898% from the prior year, signaling strong growth momentum. Expenses of $7.7M exceeded revenue, resulting in a 126% operating deficit.

Mission

TO PROMOTE AND SUPPORT INITIATIVES AND PROJECTS THAT FOCUS ON ACTIVITIES, PROGRAMS AND UNDERTAKINGS THAT ASSIST INDIVIDUALS WITH LOW-INCOME OR WHO ARE MEDICALLY UNSERVED OR UNDERSERVED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $75,712

Investment Income $3,346,797

Other Revenue $4,498

TOTAL REVENUE $3,427,007

Expense Breakdown

Grants Paid $7,454,231

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,454,231

Other Expenses $295,328

TOTAL EXPENSES $7,749,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,427,007	$48,972	+69.0%
Expenses	$7,749,559	$3,178,613	+1.4%
Net Income	$-4,322,552	$-3,129,641	+0.4%

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

$811,056

Total Directors

$444,386

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN MCINDOE	SECRETARY	1.00	Officer Director	$0	$0	$0
CARLOS CUEVAS	CHAIR	0.00	Officer Director	$0	$0	$0
BARBRA E MINCH	VICE-CHAIR	0.00	Officer Director	$0	$0	$0
DAN PINCHINSON	PRESIDENT & CEO - PAID BY WFR	1.00	Officer Director	$0	$0	$444,386
WALTER S DELACRUZ	DIRECTOR	0.00	Director	$0	$0	$0
E RONALD GUY	DIRECTOR	0.00	Director	$0	$0	$0
KALIRIS SALAS-RAMIREZ PHD	DIRECTOR	0.00	Director	$0	$0	$0
JOSE VIRELLA	CFO - PAID BY WFR	5.00	Officer	$0	$0	$151,972
SCOTT MORGAN	CFO - PAID BY WFR	5.00	Officer	$0	$0	$214,698

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	$3,427,007	$7,749,559	$17,232,519	$-4,322,552
2023	$48,972	$3,178,613	$20,045,076	$-3,129,641
2022	$3,368,505	$8,722,503	$20,309,888	$-5,353,998
2021	$2,272,361	$601,455	$33,406,360	$1,670,906
2020	$1,691,192	$3,677,163	$30,212,194	$-1,985,971
2019	$1,842,302	$1,277,933	$31,004,311	$564,369
2018	$1,603,105	$1,969,403	$26,567,979	$-366,298

AFIA FOUNDATION INC