COMITE NOVIEMBRE-MES DE LA HERENCI… - 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

Formation Year

2001

Legal Domicile

Principal Officer

Teresa Santiago

Phone

9142636599

Tax Period

2024-07-01 to 2025-06-30

COMITE NOVIEMBRE-MES DE LA HERENCIA PUERTORIQUENA, founded in 2001, is a small nonprofit in the Human Services sector that reported $232K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $201K left a modest 13% surplus.

Mission

The Mission of Comite Noviembre is to commemorate and pay tribute to the Puerto Ricans who have made contributions to this nation, to support educational opportunities for youth through college scholarships, promote, acknowledge, create awareness and take ownership of our rich culture, language, and history, as well as to create open forums to discuss critical issues affecting the Puerto Rican community specifically in the areas of education, youth leadership development, health, politics and civic involvement, and to institutionalize November as Puerto Rican Heritage Month throughout the United States.

Program Service Accomplishments

Program 1

Expenses: $101,628 Revenue: $0

Create and disseminate Puerto Rican Heritage Month Activities including commission of annual poster, gala honoring Puerto Rican community, annual event honoring women, calendar journal for...

Create and disseminate Puerto Rican Heritage Month Activities including commission of annual poster, gala honoring Puerto Rican community, annual event honoring women, calendar journal for distribution to schools and community, Lo Mejor de Nuestra Communidad, 3 kings Celebration, Puerto Rican Parade march, website programs and information, cultural and health related workshops, Day of Social Responsibility including turkey and food basket drive for community.

Program 2

Expenses: $52,024 Revenue: $0

Humanitarian/Buscando Nuestro Raices trip to PR and Estoy con Puerto Rico: Humanitarian effort to provide food, water, and small grants to non-profits throughout the island of Puerto Rico after...

Humanitarian/Buscando Nuestro Raices trip to PR and Estoy con Puerto Rico: Humanitarian effort to provide food, water, and small grants to non-profits throughout the island of Puerto Rico after Hurricane Maria and Earthquakes for economic restoration and rebuilding.

Program 3

Expenses: $25,000 Revenue: $0

Scholarship programs for Puerto Rican students: CN Scholarship Awards program, Colgate Scholarships, Ernesto Malave Scholarship for the Arts, Josefina Aguado Scholarship for Single Parents, and the Richie Perez Scholarship for Peace and Justice. A total of nineteen (19) $1,000 scholarships and three (3) $2,000 awarded.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,873

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $231,873

Expense Breakdown

Grants Paid $26,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,652

Other Expenses $174,335

TOTAL EXPENSES $200,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,873	$208,930	+0.1%
Expenses	$200,835	$217,317	-0.1%
Net Income	$31,038	$-8,387	-4.7%

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

N/A

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
Teresa Santiago	Chairperson	30	Director	$0	$0	$0
Sandy Figueroa	Vice President	10	Director	$0	$0	$0
Georgina Reis	Treasurer	10	Director	$0	$0	$0
Lili Santiago-Silva	Associate Treasurer	10	Director	$0	$0	$0
Evelyn Santiago	Secretary	20	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
2025	$231,873	$200,835	$75,031	$31,038
2024	$208,930	$217,317	$43,993	$-8,387
2023	$207,201	$206,486	$184,331	$715
2022	$170,957	$153,706	$22,844	$17,251
2021	$49,257	$73,343	$25,618	$-24,086
2020	$171,026	$173,341	$36,660	$-2,315
2019	$217,585	$252,041	$56,384	$-34,456
2018	$287,566	$206,326	$64,648	$81,240

COMITE NOVIEMBRE-MES DE LA HERENCIA PUERTORIQUENA