CUBA INDEPENDIENTE INC

EIN: 592092724 501(c)(3) International Affairs

Miami, FL

Total Revenue
$223,167
Total Expenses
$201,198
Total Assets
$63,554
Net Assets
$63,554
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
FL
Principal Officer
Rogelio Matos
Phone
3215518484
Tax Period
2024-01-01 to 2024-12-31

CUBA INDEPENDIENTE INC, founded in 1981, is a small nonprofit in the International Affairs sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $201K left a modest 10% surplus.

Mission

Promote democracy and Human Rights

Program Service Accomplishments

Program 1
Expenses: $66,874 Revenue: $0

Grant #2022-0983 from the National Endowment for Democracy was awarded on March 1 2022 and subsequently renewed on July 1 2024 under Grant #2024-0062. In 2024 our organization received a total of...

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Grant #2022-0983 from the National Endowment for Democracy was awarded on March 1 2022 and subsequently renewed on July 1 2024 under Grant #2024-0062. In 2024 our organization received a total of $111,333 from this grant. Our program delivery costs in 2024 totaled $67,468 covering grants distributed to beneficiaries amounting to $57,268 and associated personnel costs of $10,200. For a detailed breakdown of our activities and accomplishments linked to this grant please consult Schedule O in our documentation.

Program 2
Expenses: $92,216 Revenue: $0

Grant # Grant No. 7200AA22CA00035 from the International Republican Institute was awarded on April 1 2023. Total amount received in 2024 = $114,434. Program delivery costs = $92,216 including grants...

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Grant # Grant No. 7200AA22CA00035 from the International Republican Institute was awarded on April 1 2023. Total amount received in 2024 = $114,434. Program delivery costs = $92,216 including grants to beneficiaries $64.016 and related personnel costs $28,200. See Schedule O for description of activities and accomplishments.

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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 (2024)

Revenue Breakdown

Contributions & Grants $223,167
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,167

Expense Breakdown

Grants Paid $118,691
Salaries & Benefits $54,754
Fundraising Expenses $0
Program Expenses $159,090
Other Expenses $27,753
TOTAL EXPENSES $201,198

Year-over-Year Comparison

2024 2023 Change
Revenue $223,167 $164,372 +0.4%
Expenses $201,198 $184,518 +0.1%
Net Income $21,969 $-20,146 -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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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
4
Volunteers
6

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
2
$30,000
Total Directors
7
$30,000
Key Employees
2
$20,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rogelio Matos President 25.00
Officer Director
$12,000 $0 $12,000
Juan Fernandez Director 30.00
Officer Director
$18,000 $0 $18,000
Luis B Gonzalez Director 4.00
Director
$0 $0 $0
Miguel Sanchez Director 0.00
Director
$0 $0 $0
Maria T Matos Administrative Assistant 30.00
Key Emp
$12,000 $0 $12,000
Milagros L Vera Project Assistant 15.00
Key Emp
$8,400 $0 $8,400
Francisco Condis Director 0.00
Director
$0 $0 $0
Eloy Vazquez Director 0.00
Director
$0 $0 $0
Luis Benitez Director 0.00
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
2024 $223,167 $201,198 $63,554 $21,969
2022 $291,480 $279,739 $61,731 $11,741
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