DR RAFAEL A PENALVER CLINIC INC

EIN: 650661761 501(c)(3) Health Care

MIAMI, FL

Total Revenue
$760,876
Total Expenses
$719,881
Total Assets
$330,338
Net Assets
$316,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
BORIS ALVAREZ
Phone
3055457737
Tax Period
2024-01-01 to 2024-12-31

DR RAFAEL A PENALVER CLINIC INC, founded in 1996, is a small nonprofit in the Health Care sector that reported $761K in total revenue in fiscal year 2024. Expenses of $720K left a modest 5% surplus.

Mission

THE MISSION OF DR. RAFAEL A PENALVER CLILNIC INC. IS TO BE THE COMMUNITY CENTER FOR LITTLE HAVANA, A CARING PLACE WHERE RESIDENTS ARE TREATED WITH SENSITIVITY, DIGNITY AND RESPECT WITHOUT REGARD TO RACE, AGE, GENDER, ETHNICITY, RELIGIOUS AFFILIATION OR FINANCIAL STATUS A DYNAMIC MODEL AGENCY THAT ENSURES THE PROVISION OF AFFORDABLE HEALTH AND PREVENTATIVE SERVICES OF EXCELLENT QUALITY, WHILE IT PLANS, IMPLEMENTS AND DELIVERS COMMUNITY OUTREACH PROGRAMS THAT INCLUDE HEALTH SCREENINGS, INFORMATION, EDUCATION, ARTISTIC AND CULTURAL ACTIVITIES, AS WELL AS GUIDANCE ON AND REFERRALS TO THE FULL CONTINUUM OF PERSONAL AND COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $453,100

THE CLINIC CONTINUES TO PROVIDE HEALTH CARE SERVICES TO THE RESIDENTS OF LITTLE HAVANA IN AN ARCHITECTURAL AWARD WINNING FACILITY.

Program 2
Expenses: $18,883

THE CLINIC EXCEEDS EXPECTATIONS WITH REGARD TO COMMUNITY HEALTH SERVICES AND EDUCATION.

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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 $755,033
Program Service Revenue $0
Investment Income $5,843
Other Revenue $0
TOTAL REVENUE $760,876

Expense Breakdown

Grants Paid $0
Salaries & Benefits $434,030
Fundraising Expenses $0
Program Expenses $471,983
Other Expenses $285,851
TOTAL EXPENSES $719,881

Year-over-Year Comparison

2024 2023 Change
Revenue $760,876 $761,345 0.0%
Expenses $719,881 $656,416 +0.1%
Net Income $40,995 $104,929 -0.6%
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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Governance

Voting Members
6
Independent Members
6
Employees
11
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
4
$0
Total Directors
7
$108,504
Key Employees
1
$108,504
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALVAREZ BORIS EXECUTIVE DIRECTOR 040.00
Director Key Emp Highest
$108,504 $0 $108,504
ARMAND JOCELYN J BOARD OF DIR N/A
Officer Director
$0 $0 $0
ARENCIBIA FERNANDO TREASURER N/A
Officer Director
$0 $0 $0
ALEGRE CLAUDIO J SECRETARY N/A
Officer Director
$0 $0 $0
ANDREU ALFRED BOARD OF DIR N/A
Director
$0 $0 $0
HERNANDEZ JOSE BOARD OF DIR N/A
Director
$0 $0 $0
BERTOT CHRISTIAN BOARD OF DIR N/A
Officer 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 $760,876 $719,881 $330,338 $40,995
2023 $761,345 $656,416 $285,845 $104,929
2022 $672,830 $702,385 $188,631 $-29,555
2021 $787,832 $706,090 $205,910 $81,742
2020 $658,270 $676,879 $123,102 $-18,609
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