CORP PARA EL DESARROLLO DEL CENTRO FINANCIERO DE HATO REY (EIN 660471190) - 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

1990

Legal Domicile

Principal Officer

EDUARDO J NEGRON

Phone

7877547084

Tax Period

2025-01-01 to 2025-12-31

CORP PARA EL DESARROLLO DEL CENTRO FINANCIERO DE HATO REY, founded in 1990, is a small nonprofit in the Education sector that reported $810K in total revenue in fiscal year 2025. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

CORP PARA EL DESARROLLO DEL CENTRO FINANCIERO DE HATO REY, CODEFIN, IS ENGAGED IN PROMOTING THE ECONOMIC AND URBAN DEVELOPMENT OF THE DISTRICT OF HATO REY. ITS MEMBERS COMPROMISE COMMERCIAL AND FINANCIAL ENTITIES LOCATED IN HATO REY, PR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $772,116

Program Service Revenue $0

Investment Income $38,183

Other Revenue $0

TOTAL REVENUE $810,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,067,751

Other Expenses $1,067,751

TOTAL EXPENSES $1,067,751

Year-over-Year Comparison

	2025	2024	Change
Revenue	$810,299	$351,607	+1.3%
Expenses	$1,067,751	$200,050	+4.3%
Net Income	$-257,452	$151,557	-2.7%

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

N/A

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
EDUARDO J NEGRON	PRESIDENT	N/A	Officer	$0	$0	$0
JOSE R DUBON	SECRETARY	N/A	Officer	$0	$0	$0
PHILLIP FAINGEBLAT	TREASURER	N/A	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
2025	$810,299	$1,067,751	$2,851,126	$-257,452
2024	$351,607	$200,050	$3,106,412	$151,557
2023	$1,033,187	$257,003	$2,960,730	$776,184
2022	$1,672,031	$120,093	$2,458,213	$1,551,938
2021	$318,025	$476,030	$628,800	$-158,005
2020	$377,172	$145,664	$786,804	$231,508

CORP PARA EL DESARROLLO DEL CENTRO FINANCIERO DE HATO REY