UNIVERSIDAD TEOLOGICA LA PALABRA INC

EIN: 461180971 501(c)(3) Education

New York, NY

Total Revenue
$18,700
Total Expenses
$24,000
Total Assets
$16,500
Net Assets
$5,925
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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
2012
Legal Domicile
FL
Principal Officer
CARLOS CONTRERAS
Tax Period
2023-01-01 to 2023-12-31

UNIVERSIDAD TEOLOGICA LA PALABRA INC, founded in 2012, is a micro nonprofit in the Education sector that reported $19K in total revenue in fiscal year 2023. Revenue surged 1147% from the prior year, signaling strong growth momentum. Expenses of $24K exceeded revenue, resulting in a 28% operating deficit.

Mission

Our commitment is to train and equip men and women for leadership positions in local and abroad ministries to the whole body of christ churches. The international bible institute provides high level training for leaders of church and ministries, who want all recognition.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,700
Investment Income $0
Other Revenue $0
TOTAL REVENUE $18,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,000
Fundraising Expenses $0
Program Expenses $17,200
Other Expenses $13,000
TOTAL EXPENSES $24,000

Year-over-Year Comparison

2023 2022 Change
Revenue $18,700 $1,500 +11.5%
Expenses $24,000 $200 +119.0%
Net Income $-5,300 $1,300 -5.1%
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
7
Independent Members
7
Employees
N/A
Volunteers
4

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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS CONTRERAS SENIOR DIRECTOR 40.00
Officer Director
$0 $0 $0
ALIDA PICHARDO SECRETARY 10.00
Officer
$0 $0 $0
MANUEL RIVERA Sr TREASURER 10.00
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
2023 $18,700 $24,000 $16,500 $-5,300
2022 $48,700 $48,775 $15,725 $-75
2021 $26,700 $26,400 $14,900 $300
2018 $47,740 $47,794 $40,490 $-54
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