PORTO CHARITIES INC (EIN 300544129) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Leo Alonso

Phone

5712595958

Tax Period

2024-01-01 to 2024-12-31

PORTO CHARITIES INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $251K in total revenue in fiscal year 2021. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 43% operating margin.

Mission

Porto Charities increases the educational and employment opportunities available to children and young adults with intellectual and developmental disabilities through grants, education and advocacy programs supporting the Catholic Diocese of Arlington.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $783,085

Program Service Revenue $0

Investment Income $15,131

Other Revenue $0

TOTAL REVENUE $798,216

Expense Breakdown

Grants Paid $206,000

Salaries & Benefits $138,709

Fundraising Expenses $58,397

Program Expenses $359,575

Other Expenses $163,269

TOTAL EXPENSES $507,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$798,216	$444,578	+0.8%
Expenses	$507,978	$300,795	+0.7%
Net Income	$290,238	$143,783	+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

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

$63,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathryn Doherty	Chief Operating Officer	40	Officer	$63,750	$0	$63,750
Leo Alonso	President	10	Officer Director	$0	$0	$0
Anthony Stafford	Vice President	10	Officer Director	$0	$0	$0
John Reidt	Treasurer	10	Officer Director	$0	$0	$0
William Mundy	Secretary	10	Officer Director	$0	$0	$0
Christine Fowler	Director	10	Director	$0	$0	$0
Sheila Erhardt	Director	5	Director	$0	$0	$0
Gerald Pelano	Director	10	Director	$0	$0	$0
Paul Frommelt	Director	5	Director	$0	$0	$0
Stewart McHie	Director	10	Director	$0	$0	$0
Arthur Bennett	Director	10	Director	$0	$0	$0
Patrick Cross	Director	5	Director	$0	$0	$0
David Hoppe	Director	5	Director	$0	$0	$0
William Dalgetty	Director	10	Director	$0	$0	$0
Richard Miserendino	Director	5	Director	$0	$0	$0
Dan Braun	Director	5	Director	$0	$0	$0
Therese Fimian	Director	5	Director	$0	$0	$0
Richard Milone	Director	5	Director	$0	$0	$0
Laura Saracina	Director	3	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	$798,216	$507,978	$769,376	$290,238
2024	No data	No data	No data	No data
2023	$444,578	$300,795	$467,434	$143,783
2022	$221,397	$207,748	$309,062	$13,649
2022	$230,139	$208,877	$307,933	$21,262
2021	$250,792	$142,187	$286,671	$108,605

PORTO CHARITIES INC