SPANISH AMERICAN BASIC EDUCATION AND REHABILITATION INC

EIN: 581126894 501(c)(3) Education

Miami, FL

Total Revenue
$6,771,770
Total Expenses
$6,664,930
Total Assets
$1,639,278
Net Assets
$613,323
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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
1971
Legal Domicile
FL
Principal Officer
JOSEFINA HABIF
Phone
3054439170
Tax Period
2023-07-01 to 2024-06-30

SPANISH AMERICAN BASIC EDUCATION AND REHABILITATION INC, founded in 1971, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF SABER INC IS TO FOSTER THE GROWTH OF THE INDIVIDUALS TO ALLOW THEM TO BECOME BETTER MEMBERS OF THIS SOCIETY BY ADVANCING THEIR EDUCATION IN SPECIFIC SEGMENTS OF KNOWLEDGE THROUGH EDUCATION AND TRAINING

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $195,911
Program Service Revenue $6,575,859
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,771,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,699,279
Fundraising Expenses $0
Program Expenses $4,576,530
Other Expenses $2,965,651
TOTAL EXPENSES $6,664,930

Year-over-Year Comparison

2023 2022 Change
Revenue $6,771,770 $4,674,636 +0.4%
Expenses $6,664,930 $4,578,578 +0.5%
Net Income $106,840 $96,058 +0.1%
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

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Governance

Voting Members
3
Independent Members
3
Employees
37
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
3
$828,230
Total Directors
2
$123,080
Key Employees
5
$827,586
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEFINA ELVIRA BONET CEO 040.00
Officer Highest
$412,948 $0 $412,948
MARIA CRISTINA PALACIOS CFAO 040.00
Officer Key Emp
$255,238 $0 $255,238
SILVIO PICADO CFO 040.00
Officer Key Emp
$160,044 $0 $160,044
KAREN ALMEE AROCHA PT PROFESSOR 040.00
Key Emp
$158,051 $0 $158,051
GASPARA BARDITCH DPT PROFESSOR 040.00
Key Emp
$146,312 $0 $146,312
AURA SANCHEZ PT PROFESSOR 040.00
Director
$123,080 $0 $123,080
ALEJANDRO MONTORRO CONTROLLER 040.00
Key Emp
$107,941 $0 $107,941
SERGIO WONG DIRECTOR 002.00
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 No data No data No data No data
2024 $6,771,770 $6,664,930 $1,639,278 $106,840
2023 $4,674,636 $4,578,578 $1,390,697 $96,058
2022 $3,782,505 $3,703,566 $1,202,159 $78,939
2021 $2,495,024 $2,438,025 $800,234 $56,999
2020 $1,575,053 $1,599,123 $1,754,180 $-24,070
2019 $2,995,625 $2,846,409 $1,742,149 $149,216
2018 $7,036,608 $5,957,999 $4,970,170 $1,078,609
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