CIGAR FAMILY CHARITABLE FOUNDATION INC (EIN 593735324) - 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

2001

Legal Domicile

Principal Officer

CARLOS FUENTE JR

Phone

8132482124

Tax Period

2024-01-01 to 2024-12-31

CIGAR FAMILY CHARITABLE FOUNDATION INC, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 50% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE BONAO REGION OF THE DOMINICAN REPUBLIC.

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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 $2,757,991

Program Service Revenue $0

Investment Income $129,265

Other Revenue $-129,259

TOTAL REVENUE $2,757,997

Expense Breakdown

Grants Paid $1,345,316

Salaries & Benefits $0

Fundraising Expenses $4,477

Program Expenses $1,345,316

Other Expenses $31,585

TOTAL EXPENSES $1,376,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,757,997	$2,503,257	+0.1%
Expenses	$1,376,901	$1,328,673	+0.0%
Net Income	$1,381,096	$1,174,584	+0.2%

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

N/A

Volunteers

100

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
CARLOS FUENTE JR	PRESIDENT	4.00	Officer Director	$0	$0	$0
ERIC NEWMAN	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
ROBERT NEWMAN	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREW NEWMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
CIRO CASCELLA	BOARD MEMBER	4.00	Director	$0	$0	$0
CYNTHIA FUENTE-SUAREZ	BOARD MEMBER	4.00	Director	$0	$0	$0
LIANA FUENTE	BOARD MEMBER	4.00	Director	$0	$0	$0
LYRIS NEWMAN	BOARD MEMBER	4.00	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	$2,757,997	$1,376,901	$8,953,738	$1,381,096
2023	$2,503,257	$1,328,673	$7,238,394	$1,174,584
2022	$1,750,069	$1,098,198	$5,759,956	$651,871
2021	$1,214,419	$654,772	$5,185,957	$559,647
2020	$1,189,515	$676,000	$4,417,238	$513,515
2019	$1,870,121	$1,374,121	$3,952,460	$496,000
2018	$1,480,680	$1,641,764	$3,414,067	$-161,084

CIGAR FAMILY CHARITABLE FOUNDATION INC