ASOCIACION FOMENTO EDUCATIVO INC

EIN: 660372757 501(c)(3)

GUAYNABO, PR

Total Revenue
$1,139,982
Total Expenses
$1,225,578
Total Assets
$9,263,828
Net Assets
$8,337,879
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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
1978
Legal Domicile
PR
Principal Officer
Luis Torres
Phone
7872413623
Tax Period
2023-01-01 to 2023-12-31

ASOCIACION FOMENTO EDUCATIVO INC, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $8.3M represent 88 months of operating reserves.

Mission

To promote and facilitate the maturity of individuals in various formation centers open to all ages and social conditions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $800,096
Program Service Revenue $338,964
Investment Income $0
Other Revenue $922
TOTAL REVENUE $1,139,982

Expense Breakdown

Grants Paid $131,872
Salaries & Benefits $162,421
Fundraising Expenses $0
Program Expenses $1,156,603
Other Expenses $931,285
TOTAL EXPENSES $1,225,578

Year-over-Year Comparison

2023 2022 Change
Revenue $1,139,982 $967,430 +0.2%
Expenses $1,225,578 $1,051,838 +0.2%
Net Income $-85,596 $-84,408 +0.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
5
$0
Total Directors
12
$36,000
Key Employees
1
$36,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carlos Cervera Executive Director 30.00
Director Key Emp
$36,000 $0 $36,000
Manuel Diaz President 2.00
Officer Director
$0 $0 $0
Dionisio Trigo Vicepresident 2.00
Officer Director
$0 $0 $0
Sigfrido Fernandez Subsecretary 4.00
Officer Director
$0 $0 $0
Robert Hunter Vocal 0.00
Director
$0 $0 $0
Raul Arias Vocal 0.00
Director
$0 $0 $0
Erwin Maldonado Subtreasurer 1.00
Officer Director
$0 $0 $0
Angel Ortiz Vocal 1.00
Director
$0 $0 $0
Ferdinand Sanchez Vocal 1.00
Director
$0 $0 $0
Jos Molina Cacho Secretary 1.00
Officer Director
$0 $0 $0
Luis Torres Rodriguez Vocal 10.00
Director
$0 $0 $0
Estebao Fachini Vocal 1.00
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 No data No data No data No data
2023 $1,139,982 $1,225,578 $9,263,828 $-85,596
2022 $967,430 $1,051,838 $9,694,411 $-84,408
2021 $1,275,624 $1,053,565 $10,164,020 $222,059
2020 $908,281 $1,006,592 $10,627,932 $-98,311
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