IGLESIAS EL NUEVO NACIMIENTO INC

EIN: 260195641 501(c)(3) Religion

LOS ANGELES, CA

Total Revenue
$230,100
Total Expenses
$131,200
Total Assets
$101,900
Net Assets
$101,900
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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
2007
Legal Domicile
CA
Tax Period
2021-01-01 to 2021-12-31

IGLESIAS EL NUEVO NACIMIENTO INC, founded in 2007, is a small nonprofit in the Religion sector that reported $230K in total revenue in fiscal year 2021. Revenue surged 483% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 43% operating margin.

Mission

CHURCH AND FOOD BANK

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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 (2021)

Revenue Breakdown

Contributions & Grants $230,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,000
Fundraising Expenses $0
Program Expenses $131,200
Other Expenses $120,200
TOTAL EXPENSES $131,200

Year-over-Year Comparison

2021 2020 Change
Revenue $230,100 $39,500 +4.8%
Expenses $131,200 $38,700 +2.4%
Net Income $98,900 $800 +122.6%
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

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Governance

Voting Members
11
Independent Members
11
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
3
$11,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIO R SOLORZANO CEOPRESIDENTPASTOR 0.00
Officer
$11,000 $0 $11,000
YOVANNY PALESTINO FINANCIAL OFFICER 0.00
Officer
$0 $0 $0
ANDREA SOLORZANO SECRETARY 0.00
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
2021 $230,100 $131,200 $101,900 $98,900
2020 $39,500 $38,700 $3,000 $800
2019 $91,000 $88,800 $2,200 $2,200
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