LHANC OPERATIONS INC (EIN 473871693) - 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

2015

Legal Domicile

Principal Officer

RAFAEL IGLESIAS

Phone

3058580887

Tax Period

2023-01-01 to 2023-12-31

Mission

LHANC OPERATIONS INC WAS CREATED FOR THE PURPOSE OF ASSISTING LITTLE HAVANA SOCIAL SERVICES, INC. IN THE MANAGEMENT OF A NEW MULTIPURPOSE FACILITY CURRENTLY UNDER CONSTRUCTION, TO ENSURE EFFICIENT DIVISION OF OVERSIGHT RESPONSIBILITY IN RESPECT TO THE OPERATION OF THE FACILITY.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$889,000	-1.0%
Expenses	N/A	$689,054	-1.0%
Net Income	N/A	$199,946	N/A

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

$255,750

Total Directors

$255,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAFAEL IGLESIAS	PRESIDENT, CEO	2.00	Officer Director	$0	$0	$255,750
DANIA RAMOS-INFANTE	DIRECTOR	2.00	Officer Director	$0	$0	$0
LOURDES MADARIAGA	TREASURER	2.00	Officer Director	$0	$0	$0
MANUEL MARRERO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
VICTORIA LLERENA-BACALLAO	DIRECTOR	2.00	Officer Director	$0	$0	$0
ALBERTO BALIDO	DIRECTOR	2.00	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	No data	No data	$923,237	No data
2022	$889,000	$689,054	$923,237	$199,946
2021	$680,000	$680,901	$34,237	$-901
2020	$667,000	$668,414	$35,138	$-1,414
2019	$655,000	$658,965	$36,552	$-3,965
2018	$644,000	$646,216	$388,267	$-2,216

LHANC OPERATIONS INC