DOMINICAN DAY PARADE 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

2015

Legal Domicile

Principal Officer

WILTON CEDENO

Phone

9179139001

Tax Period

2023-01-01 to 2023-12-31

DOMINICAN DAY PARADE INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $666K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

SEE ORGANIZATION MISSION SCHEDULE O

Program Service Accomplishments

Program 1

Expenses: $590,276 Revenue: $665,936

THE PRIMARY PROGRAM IS THE ANNUAL DOMINICAN DAY PARADE, WHICH IS HELD ON THE 2ND SUNDAY OF AUGUST EVERY YEAR, ALONG SIXTH AVENUE, AVENUE OF THE AMERICA IN NEW YORK CITY SHOWCASING DOMINICAN CULTURE AND ACCOMPLISHMENTS. THE PARADE ATTRACTS HUNDREDS OF THOUSANDS OF SPECTATORS AND OVER 10,000 MARCHERS AND APPOXIMATELY 50 FLOATS. THE MARKETING OF THE PARADE AND THE ORGANIZATION PROVIDES INTERNSHIPS OPPORTUNITIES AND SCHOLARSHIPS TO STUDENTS OF DOMINICAN HERITAGE. IN 2023 $129,400.00 WERE PROVIDED TO 74 STUDENTS.

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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 $0

Program Service Revenue $665,935

Investment Income $0

Other Revenue $0

TOTAL REVENUE $665,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,482

Program Expenses $590,276

Other Expenses $664,400

TOTAL EXPENSES $664,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$665,935	$453,375	+0.5%
Expenses	$664,400	$524,448	+0.3%
Net Income	$1,535	$-71,073	-1.0%

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

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
CRISTINA CONTRERAS	CHAIR	15.00	Officer Director	$0	$0	$0
MARIA KHURY	MEMBER	10.00	Officer Director	$0	$0	$0
WILTON CEDENO	IMMEDIATE PAST CHAIR	15.00	Officer Director	$0	$0	$0
LEONARDO IVAN DOMINGUEZ	2ND VICEPRESIDENT	10.00	Officer Director	$0	$0	$0
JOSE RAMON MARTINEZ	1ST VICE PRESIDENT	7.00	Officer Director	$0	$0	$0
MARIA OSORIO	SECRETARY	4.00	Officer Director	$0	$0	$0
MARIA LIZARDO	MEMBER	12.00	Officer Director	$0	$0	$0
YSMAEL DECASTRO	CHAIR AUDIT COMMITTEE	3.00	Officer Director	$0	$0	$0
ALEXANDER NUNEZ	CO-CHAIR SCHOLARSHIP CPMMITEE	12.00	Officer Director	$0	$0	$0
DORIAN ROJAS	CHAIR, DEVELOPMENT COMMITTEE	10.00	Officer Director	$0	$0	$0
BERNARDO RODRIGUEZ	CHAIR, VOLUNTEER COMMITTEE	3.00	Officer Director	$0	$0	$0
GREGORIA FELICIANO	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
MANNY SAEZ	TREASURER	5.00	Officer 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	$665,935	$664,400	$167,890	$1,535
2022	$453,375	$524,448	$173,460	$-71,073
2021	$193,297	$282,307	$242,032	$-89,010
2020	$121,478	$129,617	$331,040	$-8,139
2019	$334,280	$346,112	$339,783	$-11,832
2018	$373,196	$306,126	$358,613	$67,070