OLANCHO AID FOUNDATION INC

EIN: 261979098 501(c)(3) Education

ACCORD, MA

Total Revenue
$387,038
Total Expenses
$420,911
Total Assets
$85,051
Net Assets
$82,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MA
Principal Officer
MEAGAN TENETY
Phone
7814213601
Tax Period
2024-01-01 to 2024-12-31

OLANCHO AID FOUNDATION INC, founded in 2008, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE OLANCHO AID FOUNDATION, INC. IS A 501(C) (3) NONPROFIT, CATHOLIC ORGANIZATION BUILDING AN ECONOMICALLY SUSTAINABLE COMMUNITY IN HONDURAS THAT PROVIDES FAMILIES AN OPPORTUNITY TO STAY WELL, STAY TOGETHER AND AN OPTION TO STAY AT HOME IN HONDURAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $385,597
Program Service Revenue $0
Investment Income $1,441
Other Revenue $0
TOTAL REVENUE $387,038

Expense Breakdown

Grants Paid $278,026
Salaries & Benefits $95,231
Fundraising Expenses $29,157
Program Expenses $343,158
Other Expenses $47,654
TOTAL EXPENSES $420,911

Year-over-Year Comparison

2024 2023 Change
Revenue $387,038 $416,779 -0.1%
Expenses $420,911 $491,488 -0.1%
Net Income $-33,873 $-74,709 -0.5%
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
7
Independent Members
7
Employees
2
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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEAGAN TENETY PRESIDENT 4.00
Officer Director
$0 $0 $0
GREG SABIN BOARD MEMBER 1.00
Director
$0 $0 $0
KERRY WILCOX BOARD MEMBER 1.00
Director
$0 $0 $0
JACQUELINE DE PIERREFEU VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM FLANAGAN SECRETARY 1.00
Officer Director
$0 $0 $0
COLLEEN SCOPANO BOARD MEMBER 1.00
Director
$0 $0 $0
WILSON ESCOTO BOARD MEMBER 1.00
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
2024 $387,038 $420,911 $85,051 $-33,873
2023 $416,779 $491,488 $118,382 $-74,709
2021 $530,284 $604,750 $222,436 $-74,466
2020 $581,835 $700,725 $305,099 $-118,890
2019 $1,492,807 $1,622,549 $822,397 $-129,742
2018 $1,402,706 $1,494,637 $971,941 $-91,931
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