CORPORACION PARA EL FINANCIAMIENTO EMPRESARIAL DEL COMERCIO Y DE LAS COMUNI DADES (EIN 660398333) - 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

1982

Legal Domicile

Principal Officer

GIOVANNA PIOVANETTI

Phone

7877565080

Tax Period

2024-07-01 to 2025-06-30

CORPORACION PARA EL FINANCIAMIENTO EMPRESARIAL DEL COMERCIO Y DE LAS COMUNI DADES, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 12% surplus.

Mission

TO PROMOTE FACILITATE AND EXECUTE ECONOMIC DEVELOPMENT COMMUNITY REVITALIZATION LONG-TERM JOB CREATION AND RETENTION SELF-EMPLOYMENT BUSINESS AND CREDIT EDUCATION AND ENTREPRENEURSHIP THROUGH THE ESTABLISHMENT OR EXPANSION OF MICRO SMALL AND MEDIUM-SIZED ENTERPRISES.

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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 $846,409

Program Service Revenue $808,594

Investment Income $0

Other Revenue $46,703

TOTAL REVENUE $1,701,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $828,662

Fundraising Expenses $0

Program Expenses $1,483,914

Other Expenses $675,252

TOTAL EXPENSES $1,503,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,701,706	$1,406,883	+0.2%
Expenses	$1,503,914	$1,235,244	+0.2%
Net Income	$197,792	$171,639	+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

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

$97,786

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Giovanna Piovanetti Lugo	Executive President	40.00	Highest	$120,314	$0	$120,314
Mayra Martinez	Acting Loan Department	40.00	Highest	$50,275	$0	$50,275
Paul M Vilar Nelms	President of Board Director	2.00	Officer Director	$0	$0	$0
Harry O Vega Diaz	Vice-President of Board Director	1.00	Officer Director	$0	$0	$0
Jaime J Aponte Parsi	Secretary of Board Director	2.00	Officer Director	$0	$0	$0
Ral O Barreras Rivera	Treasurer of Board Director	2.00	Officer Director	$0	$0	$0
Carmen M Correa Matos	Director	1.00	Director	$0	$0	$0
Diana L Santiago Olivares	Director	1.00	Director	$0	$0	$0
Ildefonso Rodrguez	Director	2.00	Director	$0	$0	$0
Ismael Velzquez Gomez	Director	1.00	Director	$0	$0	$0
Omar M Contreras Gomez	Director	2.00	Director	$0	$0	$0
Rodolfo A Rivera	Director	1.00	Director	$0	$0	$0
Suleira M Quiones	Director	1.00	Director	$0	$0	$0
Jorge Guzman Daleccio	Director	1.00	Director	$0	$0	$0
Carlos Abreu	Controller	40.00	Key Emp	$54,800	$0	$54,800
Eddie G Melendez	Compliance Manager	40.00	Key Emp	$42,986	$0	$42,986

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
2025	$1,701,706	$1,503,914	$7,578,089	$197,792
2024	$1,406,883	$1,235,244	$7,224,200	$171,639
2023	$1,152,299	$984,789	$6,332,012	$167,510
2022	$779,991	$750,191	$5,257,497	$29,800
2021	$874,892	$721,649	$4,620,577	$153,243

CORPORACION PARA EL FINANCIAMIENTO EMPRESARIAL DEL COMERCIO Y DE LAS COMUNI DADES