Nueva Esperanza Inc

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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

1988

Legal Domicile

Principal Officer

LUIS CORTES JR

Phone

2153240746

Tax Period

2023-07-01 to 2024-06-30

Nueva Esperanza Inc, founded in 1988, is a mid-sized nonprofit in the Employment sector that reported $14.2M in total revenue in fiscal year 2023. Expenses of $15.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORIGINAL MISSION OF NEI WAS TO PROVIDE SUPPORT TO THE HISPANIC COMMUNITY OF NORTH PHILADELPHIA THROUGH COMMUNITY DEVELOPMENT. OVER THE PAST 31 PLUS YEARS, NEI HAS GROWN TO ENCOMPASS LOCAL AND NATIONAL WORK. WITH A STRONG LOCAL COMMUNITY DEVELOPMENT PRESENCE, MULTIPLE EDUCATIONAL INSTITUTIONS, AND ADVOCACY AND CAPACITY BUILDING INITIATIVES TAKING PLACE WITHIN A ROBUST NATIONAL NETWORK OF OVER 13,000 CLERGY, CONGREGATIONS, OVER 500 FAITH-BASED ORGANIZATIONS AND HUNDREDS OF COMMUNITY LEADERS, NEI NOW SERVES A BROAD CONSTITUENCY IN A VARIETY OF CAPACITIES.

Program Service Accomplishments

Program 1

Expenses: $5,145,721 Revenue: $1,654,554

EDUCATION - ESPERANZA COLLEGE, A BRANCH CAMPUS OF EASTERN UNIVERSITY, IS THE ONLY HISPANIC SERVING INSTITUTION (HSI) IN PA AND THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY WHERE STUDENTS STUDY IN...

EDUCATION - ESPERANZA COLLEGE, A BRANCH CAMPUS OF EASTERN UNIVERSITY, IS THE ONLY HISPANIC SERVING INSTITUTION (HSI) IN PA AND THE ONLY PROGRAM OF ITS KIND IN THE COUNTRY WHERE STUDENTS STUDY IN SPANISH, WHILE LEARNING ENGLISH. UPON EARNING THEIR ASSOCIATE DEGREES, STUDENTS ARE PREPARED TO TRANSFER TO FOUR-YEAR COLLEGES AND UNIVERSITIES.

Program 2

Expenses: $1,719,043 Revenue: $4,508,230

NATIONAL - ESPERANZA WORKS PARTIALLY AS AN INTERMEDIARY BETWEEN GOVERNMENT AGENCIES AND HISPANIC FAITH AND COMMUNITY-BASED ORGANIZATIONS. TOGETHER WITH OVER 10,000 HISPANIC CHURCHES AND...

NATIONAL - ESPERANZA WORKS PARTIALLY AS AN INTERMEDIARY BETWEEN GOVERNMENT AGENCIES AND HISPANIC FAITH AND COMMUNITY-BASED ORGANIZATIONS. TOGETHER WITH OVER 10,000 HISPANIC CHURCHES AND ORGANIZATIONS, ESPERANZA HAS EMERGED AS A LEADING VOICE FOR HISPANICS OF FAITH IN THE NATION. ESPERANZA HAS SEVERAL NATIONAL INITIATIVES THAT CONTINUE THE WORK OF NUEVA ESPERANZA, INC. ON A NATIONAL SCALE, SERVING THE NEEDS OF THE HISPANIC COMMUNITY AS WELL AS STRENGTHENING THE WORK OF HISPANIC FAITH-BASED ORGANIZATIONS.

Program 3

Expenses: $223,871 Revenue: $300,544

IMPACTO ADS - ESPERANZA PROVIDES THE HISPANIC COMMUNITY WITH RELEVANT INFORMATION AND CONTENT TO PROMOTE COMMUNITY CULTURAL, EDUCATIONAL, AND ECONOMIC GROWTH.

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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 $7,153,095

Program Service Revenue $6,463,328

Investment Income $185,885

Other Revenue $357,783

TOTAL REVENUE $14,160,091

Expense Breakdown

Grants Paid $2,025,116

Salaries & Benefits $6,720,684

Fundraising Expenses $506,241

Program Expenses $7,508,322

Other Expenses $6,921,837

TOTAL EXPENSES $15,667,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,160,091	$13,454,615	+0.1%
Expenses	$15,667,637	$13,006,335	+0.2%
Net Income	$-1,507,546	$448,280	-4.4%

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

130

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

$756,330

Total Directors

$482,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND LUIS CORTES JR	PRESIDENT & CEO	40.0	Officer Director	$396,023	$86,014	$482,037
REVEREND DANNY CORTES	EXEC. VP/CHIEF OF STAFF	40.0	Officer	$256,777	$17,516	$274,293
WALTER TOLIVER	SR. VP/GENERAL COUNCIL	40.0	Highest	$194,625	$22,030	$216,655
Christine Nieves	Senior Vice President of Devel	40.0	Highest	$129,980	$26,119	$156,099
Martha A Fisher	Legal Counsel	40.0	Highest	$131,139	$19,466	$150,605
WILLIAM RHODES	SR. VP, ESPERANZA ARTS CENTER	40.0	Highest	$136,826	$2,797	$139,623
Marli D Nascimiento	FACILITIES DIRECTOR	40.0	Highest	$117,127	$12,540	$129,667
JUDITH TORRES - LYNCH	CHAIR	2.0	Officer Director	$0	$0	$0
REV BONNIE CAMARDA	VICE CHAIR	2.0	Officer Director	$0	$0	$0
JUAN LOPEZ	TREASURER	2.0	Officer Director	$0	$0	$0
JOSUE FIGUEROA	SECRETARY	2.0	Officer Director	$0	$0	$0
William Smith	BOARD MEMBER	2.0	Director	$0	$0	$0
Tiffany Taveraz	BOARD MEMBER	2.0	Director	$0	$0	$0
RONALD GILG	BOARD MEMBER	2.0	Director	$0	$0	$0
Martin Droz	BOARD MEMBER	2.0	Director	$0	$0	$0
Tom Caramanico	BOARD MEMBER	2.0	Director	$0	$0	$0
Gilbert Alfaro	BOARD MEMBER	2.0	Director	$0	$0	$0
BETH MORALES SINGH	BOARD MEMBER	2.0	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	No data	No data	No data	No data
2024	$14,160,091	$15,667,637	$53,277,636	$-1,507,546
2023	$13,454,615	$13,006,335	$44,544,879	$448,280
2022	$11,856,124	$10,142,179	$25,298,175	$1,713,945
2021	$12,218,705	$8,471,132	$22,032,264	$3,747,573
2020	$10,961,159	$8,664,252	$17,535,597	$2,296,907
2019	$8,609,201	$8,402,862	$11,951,310	$206,339
2018	$9,414,737	$8,909,541	$10,732,341	$505,196