SOSTENICA INC (EIN 233061896) - 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

2000

Legal Domicile

Principal Officer

Joseph DeNicola

Phone

2034410717

Tax Period

2023-01-01 to 2023-12-31

SOSTENICA INC, founded in 2000, is a micro nonprofit in the International Affairs sector that reported $63K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $309K exceeded revenue, resulting in a 391% operating deficit.

Mission

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance, and outreach to low income smallholder farmers and school children.

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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 $15,450

Program Service Revenue $0

Investment Income $0

Other Revenue $47,569

TOTAL REVENUE $63,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $309,194

TOTAL EXPENSES $309,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,019	$197,587	-0.7%
Expenses	$309,194	$318,344	0.0%
Net Income	$-246,175	$-120,757	+1.0%

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

N/A

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
Joseph DeNicola	Executive Director	5	Director Key Emp	$0	$0	$0
Rev Owen Owens	Member	1	Director	$0	$0	$0
V Scott Bihl	Member	1	Director	$0	$0	$0
Joanna Lane	Member	1	Director	$0	$0	$0
DeLaura Padovan	Member	1	Director	$0	$0	$0
Alan Wright	President	1	Officer Director	$0	$0	$0
Rachel Lindsay	Secretary	1	Officer Director	$0	$0	$0
Tim Keyes	Treasurer	1	Officer Director	$0	$0	$0
Peter Guarino	Vice President	1	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
2024	No data	No data	No data	No data
2023	$63,019	$309,194	$733,289	$-246,175
2022	$197,587	$318,345	$1,043,713	$-120,758
2021	$296,956	$365,561	$1,151,655	$-68,605
2021	$296,956	$365,561	$1,151,655	$-68,605
2020	$494,726	$673,828	$1,160,131	$-179,102
2019	$584,838	$911,939	$1,342,171	$-327,101
2018	$529,338	$954,777	$1,957,435	$-425,439

SOSTENICA INC