PHILIPPINE AMERICAN COMMUNITY OF B… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

Elmer Abustan

Phone

8453528756

Tax Period

2020-01-01 to 2020-12-31

PHILIPPINE AMERICAN COMMUNITY OF BERGEN COUNTY, founded in 1978, is a small nonprofit that reported $142K in total revenue in fiscal year 2020. The organization ran a surplus of $100K, a strong 70% operating margin.

Mission

Preserve spiritual heritage of the members through community observance of the religious feasts common to the Filipino faith; provide financial assistance to the needy but academically gifted students as well as to victims of natural calamities; medical missions to the underprivileged citizens, provide community alliance through exchange of ideas and experiences and to foster closed ties among Filipino-Americans; provide such other educational and charitable, social and wellfare assistance to members of the organization.

Program Service Accomplishments

Program 1

Expenses: $4,225 Revenue: $0

1) Provide financial assistance to victims of natural calamities including other nonprofit organizations. 2) Provide scholarship grants to needy but academically-gifted students entering college 3) Provide free blood pressure and diabetes screening 4) Participate in community and civic activities

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,815

Investment Income $152,996

Other Revenue $-12,512

TOTAL REVENUE $142,299

Expense Breakdown

Grants Paid $4,225

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,225

Other Expenses $37,835

TOTAL EXPENSES $42,060

Year-over-Year Comparison

	2020	2019	Change
Revenue	$142,299	$-8,810	-17.2%
Expenses	$42,060	$6,914	+5.1%
Net Income	$100,239	$-15,724	-7.4%

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

N/A

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
Arlene Abella	Director	2	Director	$0	$0	$0
Solomon Alcantara	Director	2	Director	$0	$0	$0
Emma Aquino	Director	2	Director	$0	$0	$0
Edith Esquieres	Director	2	Director	$0	$0	$0
Lino Mier	Director	2	Director	$0	$0	$0
Elmer Abustan	President	7	Officer	$0	$0	$0
Ernesto Simpliciano	Treasurer	5	Officer	$0	$0	$0
Edwin Dolores	Vice-president	2	Officer	$0	$0	$0
Rheci Abustan	Secretary	3	Officer	$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
2020	$142,299	$42,060	$158,387	$100,239

PHILIPPINE AMERICAN COMMUNITY OF BERGEN COUNTY