AGAPE LAS PALMAS INC (EIN 371901593) - 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

2018

Principal Officer

DAVID STARR

Phone

2103418097

Tax Period

2024-09-01 to 2025-08-31

AGAPE LAS PALMAS INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $673K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 63% operating deficit.

Mission

PROVIDE LOW-INCOME HOUSING TO INDIVIDUALS AND FAMILIES AT AN APARTMENT PROJECT CONSISTING OF 50 UNITS LOCATED IN MCALLEN, TEXAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $644,245

Investment Income $28,540

Other Revenue $0

TOTAL REVENUE $672,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,054,480

Other Expenses $1,097,878

TOTAL EXPENSES $1,097,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,785	$723,616	-0.1%
Expenses	$1,097,878	$660,326	+0.7%
Net Income	$-425,093	$63,290	-7.7%

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
SHERRY MITCHELL	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID STARR	PRESIDENT	2.00	Officer Director	$0	$0	$0
DORTHY WINFIELD	DIRECTOR	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
2025	$672,785	$1,097,878	$3,825,519	$-425,093
2024	$723,616	$660,326	$4,219,019	$63,290
2023	$1,008,373	$683,804	$4,146,406	$324,569
2022	$725,434	$598,309	$3,884,850	$127,125
2021	$627,374	$536,028	$3,787,640	$91,346
2020	$564,602	$485,956	$3,713,710	$78,646

AGAPE LAS PALMAS INC