National Association of Cuban American Woman of USA INC

EIN: 310922298 501(c)(3) Human Services

Union City, NJ

Total Revenue
$391,342
Total Expenses
$390,039
Total Assets
$100,921
Net Assets
$100,921
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NJ
Principal Officer
KARLA SOMOANO
Phone
2013449441
Tax Period
2024-01-01 to 2024-12-31

National Association of Cuban American Woman of USA INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $391K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum.

Mission

TO STRENGTHEN THE COMMUNITY BY PROVIDING FREE EARLY CHILDHOOD CARE TO LOW-INCOME FAMILIES AND OFFERING CULTURAL AND COMMUNITY EVENTS THAT PROMOTE EDUCATION, INCLUSION, AND SOCIAL SUPPORT.

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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 $391,342
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $391,342

Expense Breakdown

Grants Paid $37,920
Salaries & Benefits $204,179
Fundraising Expenses $0
Program Expenses $390,039
Other Expenses $147,940
TOTAL EXPENSES $390,039

Year-over-Year Comparison

2024 2023 Change
Revenue $391,342 $241,584 +0.6%
Expenses $390,039 $257,008 +0.5%
Net Income $1,303 $-15,424 -1.1%
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
3
Independent Members
N/A
Employees
9
Volunteers
5

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
1
$2,340
Total Directors
0
$0
Key Employees
1
$4,800
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARLA SOMOANO PRESIDENT 20.00
Officer
$2,340 $0 $2,340
MAIRENY DE ARMAS VICEPRESIDENT 23.00
Key Emp
$4,800 $0 $4,800
ADAM SAN MIGUEL TREASURER N/A
$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 $391,342 $390,039 $100,921 $1,303
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