US SPAIN COUNCIL INC

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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

1997

Legal Domicile

Principal Officer

ALFONSO DE GOYENECHE

Phone

2024554902

Tax Period

2024-01-01 to 2024-12-31

US SPAIN COUNCIL INC, founded in 1997, is a small nonprofit in the International Affairs sector that reported $342K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $597K exceeded revenue, resulting in a 74% operating deficit.

Mission

THE UNITED STATES-SPAIN COUNCIL IS A NON-PROFIT ORGANIZATION DEDICATED TO STRENGTHENING THE RELATIONSHIP BETWEEN THE UNITED STATES AND SPAIN THROUGH COLLABORATION IN BUSINESS, GOVERNMENT, EDUCATION, AND CULTURE. ESTABLISHED IN 1996 BY FORMER U.S. VICE PRESIDENT AL GORE AND FORMER SPANISH PRESIDENT JOSE MARIA AZNAR, THE COUNCIL BRINGS TOGETHER LEADERS FROM BOTH NATIONS TO PROMOTE BILATERAL TRADE AND INVESTMENT, FACILITATE POLICY DIALOGUE, AND FOSTER MUTUAL UNDERSTANDING THROUGH PROGRAMS SUCH AS THE ANNUAL U.S.-SPAIN FORUM AND THE YOUNG LEADERS PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $495,510

THE UNITED STATES SPAIN COUNCIL PLANNED AND EXECUTED THE 2024 ANNUAL FORUM IN SANTA FE, NEW MEXICO - THE FORUM WAS RESCHEDULED FROM OCTOBER 2023 GIVEN THE PENDING GOVERNMENT SHUT DOWN AT THE TIME. AS PART OF ITS COMMITMENT TO FOSTERING STRONG TIES BETWEEN THE TWO COUNTRIES, THE COUNCIL ALSO LED A GROUP OF YOUNG LEADERS/PROFESSIONALS ON A WEEK-LONG EDUCATIONAL IMMERSION PROGRAM IN SPAIN, FOCUSED ON SOCIAL, CULTURAL, ECONOMIC, AND POLITICAL DYNAMICS OF CONTEMPORARY SPAIN. ADDITIONALLY, THE COUNCIL HELD OTHER SMALL EVENTS AND ROUNDTABLES THROUGHOUT THE YEAR.

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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 $342,000

Program Service Revenue $0

Investment Income $300

Other Revenue $40

TOTAL REVENUE $342,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $41,187

Program Expenses $495,510

Other Expenses $597,293

TOTAL EXPENSES $597,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,340	$425,296	-0.2%
Expenses	$597,293	$169,779	+2.5%
Net Income	$-254,953	$255,517	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFONSO DE GOYENECHE	PRESIDENT	2.00	Officer Director	$0	$0	$0
NORA FRIEND	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOSE ANDRES	DIRECTOR	1.00	Director	$0	$0	$0
TIM HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JANET MURGUIA	DIRECTOR	1.00	Director	$0	$0	$0
GILBERTO OCANAS	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE PINO	EXECUTIVE DIRECTOR (SEE SCH. O)	20.00	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	$342,340	$597,293	$47,496	$-254,953
2023	$425,296	$169,779	$242,658	$255,517
2019	$492,290	$461,431	$184,675	$30,859