VIRGINIA PORTUGUESE COMMUNITY CENT… - Form 990 Financial Data

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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

Principal Officer

MIGUEL PIRES

Phone

7033302136

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA PORTUGUESE COMMUNITY CENTER INC is a small nonprofit that reported $466K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $450K left a modest 4% surplus.

Mission

THE VIRGINIA PORTUGUESE COMMUNITY CENTER SERVES TO PROMOTE THE SOCIAL AND SPIRITUAL HERITAGE OF THE PORTUGUESE CULTURE TO ITS MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $438,463 Revenue: $466,381

IN 2023, THE VIRGINIA PORTUGUESE COMMUNITY CENTER HOSTED CHARACTERISTIC EVENTS AND CULTURAL ACTIVITIES THROUGHOUT THE YEAR FOR ITS MEMBERS. SOME OF THE SOCIAL FUNCTIONS INCLUDED TRADITIONAL SUNDAY...

IN 2023, THE VIRGINIA PORTUGUESE COMMUNITY CENTER HOSTED CHARACTERISTIC EVENTS AND CULTURAL ACTIVITIES THROUGHOUT THE YEAR FOR ITS MEMBERS. SOME OF THE SOCIAL FUNCTIONS INCLUDED TRADITIONAL SUNDAY LUNCH BUFFETS, PICNICS, AND DANCES WITH PORTUGUESE MUSIC.

Program 2

Expenses: $7,450

OTHER DONATIONS

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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 $2,195

Program Service Revenue $464,186

Investment Income $0

Other Revenue $0

TOTAL REVENUE $466,381

Expense Breakdown

Grants Paid $7,450

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $445,913

Other Expenses $442,098

TOTAL EXPENSES $449,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,381	$409,049	+0.1%
Expenses	$449,548	$424,872	+0.1%
Net Income	$16,833	$-15,823	-2.1%

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

390

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE CARNEIRO	TREASURER	2.00	Officer	$0	$0	$0
STEVEN MAGALHAES	VICE PRESIDE	2.00	Officer	$0	$0	$0
MIGUEL PIRES	PRESIDENT	2.00	Officer	$0	$0	$0
FELICIANO VILACA	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$466,381	$449,548	$648,114	$16,833
2022	$409,049	$424,872	$659,995	$-15,823
2021	$359,818	$347,067	$710,486	$12,751
2020	$329,598	$346,819	$728,362	$-17,221
2019	$646,059	$620,568	$777,621	$25,491
2018	$481,585	$493,635	$1,123,362	$-12,050

VIRGINIA PORTUGUESE COMMUNITY CENTER INC