Cubanet News Inc (EIN 650615598) - 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

1995

Legal Domicile

Principal Officer

Roberto Hechavarria

Phone

3057741887

Tax Period

2023-10-01 to 2024-09-30

Cubanet News Inc, founded in 1995, is a small nonprofit in the Education sector that reported $748K in total revenue in fiscal year 2023. Expenses of $827K exceeded revenue, resulting in a 11% operating deficit.

Mission

Founded in 1994, Cubanet News is a nonprofit and non-partisan organization that seeks the circulaton of unfettered information and the development of Cuba's independent journalism. To achieve its mission, Cubanet's main tools are the independent news website Cubanet.Org constantly updated with posts submitted from Cuba and abroad, our social media media presence and our pdf maganizes.

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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 $748,472

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $748,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,982

Fundraising Expenses $0

Program Expenses $628,712

Other Expenses $559,218

TOTAL EXPENSES $827,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$748,472	$747,451	+0.0%
Expenses	$827,200	$790,157	+0.0%
Net Income	$-78,728	$-42,706	+0.8%

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

$78,000

Total Directors

$195,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUGO A LANDA	PRESIDENT	0.00	Director	$0	$0	$0
JUAN A ESPASANDE	BOARD MEMBER	0.00	Director	$0	$0	$0
ALBERTO MASCARO	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSE AZEL	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERTO HECHAVARRIA	EXECURIVE DIRECTOR	40.00	Officer Director	$78,000	$0	$78,000
DORALY TORRES	ACCOUNTING/BOOKKEEPER	40.00	Director	$68,004	$0	$68,004
AUGUSTO CESAR SAN MARTIN	ASSISTANT COMMUNITY MANAGER	40.00	Director	$49,260	$0	$49,260

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	$748,472	$827,200	$157,620	$-78,728
2023	$747,451	$790,157	$252,209	$-42,706
2022	$1,005,365	$1,026,836	$292,237	$-21,471
2021	$916,032	$894,650	$313,708	$21,382
2020	$722,124	$785,322	$333,264	$-63,198
2019	$922,223	$725,020	$348,165	$197,203

Cubanet News Inc