Segunda Quimbamba Folkloric Center Inc

EIN: 223515086 501(c)(3) Arts, Culture & Humanities

Jersey City, NJ

Total Revenue
$211,591
Total Expenses
$190,107
Total Assets
$110,890
Net Assets
$100,444
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Principal Officer
Juan Cartagena
Phone
6466218239
Tax Period
2025-01-01 to 2025-12-31

Segunda Quimbamba Folkloric Center Inc, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $212K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $190K left a modest 10% surplus.

Mission

SQFC promotes and preserves the folkloric music and dance of Puerto Rico especially the Bomba and the Plena of Puerto Rico through teaching performances recordings and publications. SQFC creates spaces where these Afro-Puerto Rican drumming and dancing traditions manifest themselves in the Puerto Rican diaspora.

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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 (2025)

Revenue Breakdown

Contributions & Grants $61,888
Program Service Revenue $146,317
Investment Income $0
Other Revenue $3,386
TOTAL REVENUE $211,591

Expense Breakdown

Grants Paid $4,680
Salaries & Benefits $77,988
Fundraising Expenses $0
Program Expenses $177,364
Other Expenses $107,439
TOTAL EXPENSES $190,107

Year-over-Year Comparison

2025 2024 Change
Revenue $211,591 $165,661 +0.3%
Expenses $190,107 $158,121 +0.2%
Net Income $21,484 $7,540 +1.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
25

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
3
$80,043
Total Directors
8
$81,523
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nanette Hernandez President 30.00
Officer Director
$40,715 $0 $40,715
Juan Cartagena Executive Director 20.00
Officer Director
$35,793 $3,535 $39,328
Crystal Montalvo Trustee 1.00
Director
$1,480 $0 $1,480
Anita Arora Secretary 0.00
Officer Director
$0 $0 $0
Janet Harris Trustee 0.00
Director
$0 $0 $0
Jennifer Gandasegui Trustee 0.00
Director
$0 $0 $0
Omar Perez Trustee 0.00
Director
$0 $0 $0
Ryan de France Trustee 0.00
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
2025 $211,591 $190,107 $110,890 $21,484
2021 $59,196 $50,991 $47,686 $8,205
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