MERCADO LA PALOMA INC

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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

2014

Legal Domicile

Principal Officer

NANCY HALPERN IBRAHIM

Phone

2137487285

Tax Period

2023-01-01 to 2023-12-31

MERCADO LA PALOMA INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $727K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 58% operating deficit.

Mission

BY PROVIDING AFFORDABLE RETAIL OPPORTUNITIES, TECHNICAL ASSISTANCE, START-UP CAPITAL AND SUPPORT, MERCADO LA PALOMA SEEKS TO CREATE BUSINESS OWNERSHIP OPPORTUNITIES AND LIVING WAGE JOBS IN OUR COMMUNITY AND TO OFFER NEEDED GOODS, SERVICES, AND ESSENTIAL SERVICES TO RESIDENTS AND EMPLOYEES WHO RETAIN SPENDING IN OUR NEIGHBORHOOD. BY HOSTING ART EXHIBITS, MUSIC AND DANCE PERFORMANCES, SPOKEN WORD, FILM SHOWINGS AND OTHER EVENTS MERCADO LA PALOMA SEEKS TO SUPPORT AND SHOWCASE LOCAL ARTISTS, PROVIDE HIGH QUALITY ART AND CULTURAL OPPORTUNITIES FOR OUR COMMUNITY AND IMPART THE UNIQUE HERITAGE OF THE AREAS RESIDENTS THROUGH THE NON-PROFIT OFFICES AND OUR AFFORDABLE MEETING ROOM THAT HOSTS A WIDE RANGE OF COMMUNITY MEETINGS, EVENTS AND CLASSES. BY CREATING A WARM AND WELCOMING GATHERING SPACE FULL OF GUESTS FROM ALL WALKS OF LIFE AND OPEN TO THEIR IDEAS AND SUGGESTIONS, MERCADO LA PALOMA PROVIDES OPPORTUNITIES FOR EMPOWERMENT, ENJOYMENT AND CONNECTION STRENGTHENING EXISTING SOCIAL TIES AND CRE

Program Service Accomplishments

Program 1

Expenses: $1,126,671 Revenue: $725,736

Operating and maintaining a neighborhood marketplace and office building to serve tenants of seven (7) restaurants, six (6) shops and nine (9) offices as well as a community conference room and day table. Providing tenants with low-cost opportunities to yield services for the low-income community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,675

Program Service Revenue $725,736

Investment Income $2

Other Revenue $0

TOTAL REVENUE $727,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,900

Program Expenses $1,126,671

Other Expenses $1,146,693

TOTAL EXPENSES $1,146,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,413	$697,442	+0.0%
Expenses	$1,146,693	$1,207,192	-0.1%
Net Income	$-419,280	$-509,750	-0.2%

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

$129,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY HALPERN IBRAHIM	President	0.15	Officer	$0	$8,325	$129,141
TAKAO SUZUKI	Chairman	0.15	Officer Director	$0	$0	$0
TAFARAI BAYNE	Secretary	0.15	Officer Director	$0	$0	$0
MARK BILLY	Director	0.15	Director	$0	$0	$0
JORGE NUNO	Director	0.15	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	No data	No data	No data	No data
2023	$727,413	$1,146,693	$6,257,906	$-419,280
2022	$697,442	$1,207,192	$6,603,180	$-509,750
2021	$613,882	$1,190,765	$6,878,012	$-576,883
2020	$997,065	$964,421	$7,176,364	$32,644
2019	$808,102	$1,012,183	$7,247,613	$-204,081
2018	$789,141	$989,798	$7,459,914	$-200,657