ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY INC (EIN 592289231) - 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

1983

Legal Domicile

Principal Officer

Angel Gonzalez

Phone

3056353561

Tax Period

2023-10-01 to 2024-09-30

ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY INC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $618K in total revenue in fiscal year 2023. Revenue surged 918% from the prior year, signaling strong growth momentum. The organization ran a surplus of $488K, a strong 79% operating margin.

Mission

Improve District 1 City of Miami Fl. Promote business in the City of Miami, Fl . Develop and administer affordable housing units. Inspect affordable housing units.

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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 $592,617

Program Service Revenue $0

Investment Income $0

Other Revenue $25,495

TOTAL REVENUE $618,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,356

Fundraising Expenses $2,317

Program Expenses $50,614

Other Expenses $32,524

TOTAL EXPENSES $129,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$618,112	$60,729	+9.2%
Expenses	$129,880	$125,216	+0.0%
Net Income	$488,232	$-64,487	-8.6%

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

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

$43,451

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Xiomara Pacheco	Executive Director	40	Key Emp Highest	$43,451	$0	$43,451
Angel Gonzalez	Chairman	1	Officer	$0	$0	$0
Guillermo Novo	Treasurer and Vice-Chair	0.5	Officer	$0	$0	$0
Rodovaldo Valdes	Secretary	1	Officer	$0	$0	$0
Ramon Gonzalez	Vice Secretary	1.25	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	$618,112	$129,880	$477,712	$488,232
2023	$60,729	$125,216	$530,809	$-64,487
2022	$274,288	$347,746	$582,042	$-73,458
2021	$535,734	$582,102	$636,612	$-46,368
2020	$648,423	$689,580	$666,944	$-41,157

ALLAPATTAH BUSINESS DEVELOPMENT AUTHORITY INC