ALMA FINANCIAL ASSISTANCE CORP (EIN 470863848) - 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

2004

Legal Domicile

Principal Officer

ALBERTO LARREA

Phone

9544219506

Tax Period

2022-07-01 to 2023-06-30

ALMA FINANCIAL ASSISTANCE CORP, founded in 2004, is a small nonprofit in the Human Services sector that reported $396K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $382K left a modest 4% surplus.

Mission

CREDIT COUNSELING SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $396,022

Investment Income $0

Other Revenue $0

TOTAL REVENUE $396,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,245

Fundraising Expenses $0

Program Expenses $329,137

Other Expenses $144,740

TOTAL EXPENSES $381,985

Year-over-Year Comparison

	2022	2021	Change
Revenue	$396,022	$761,121	-0.5%
Expenses	$381,985	$884,313	-0.6%
Net Income	$14,037	$-123,192	-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

Governance

Voting Members

Independent Members

Employees

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

$188,024

Total Directors

$188,024

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUBEN SANDOVAL	FINANCE DIRECTOR	40.00	Officer Director	$82,312	$0	$82,312
ALBERTO LARREA	PRES. EXECUTIVE DIRECTOR	40.00	Officer Director	$105,712	$0	$105,712
MARILYN LOPEZ DE VICTORIA	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
2023	$396,022	$381,985	$43,343	$14,037
2022	$761,121	$884,313	$167,085	$-123,192
2021	$950,327	$938,826	$648,458	$11,501
2020	$1,303,018	$1,297,751	$819,193	$5,267
2019	$1,421,871	$1,473,462	$951,114	$-51,591
2018	$1,576,107	$1,552,050	$1,114,658	$24,057

ALMA FINANCIAL ASSISTANCE CORP