CENTER FOR A NEW ECONOMY 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

1998

Legal Domicile

Phone

7876221120

Tax Period

2023-01-01 to 2023-12-31

CENTER FOR A NEW ECONOMY INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023.

Program Service Accomplishments

Program 1

Expenses: $1,422,130 Revenue: $20,000

IN 2023, CNE FOCUSED ITS WORK ON THE FOLLOWING AREAS TO SUPPORT ITS MISSION: RELIABLE AND ACCESSIBLE ENERGY, LOCALLY-LED RECONSTRUCTION, ENHANCED EFFECTIVENESS OF FEDERAL POLICIES. IN EACH OF THESE AREAS, SEMINAL RESEARCH AND EDUCATIONAL EFFORTS WERE CONDUCTED, SUCH AS AN ANALYSIS OF PUERTO RICOS ENERGY UTILITYS AGREEMENT WITH A THIRD PARTY TO OPERATE AND MAINTAIN THE UTILITYS LEGACY ASSETS, AS WELL AS EFFORTS TO IMPROVE THE NUTRITIONAL ASSISTANCE PROGRAM IN PR. CNE HELD A WORKSHOP AND PUBLIC EVENT AT YALE UNIVERSITY WITH SCHOLARS FROM PUERTO RICO AND THE UNITED STATES AS THEY WORKED ON IDENTIFYING THE POLICIES, PROGRAMS, AND STRATEGIC INVESTMENTS THAT WILL BE NECESSARY TO RESTART SUSTAINABLE ECONOMIC GROWTH IN PUERTO RICO. THE COMMUNICATIONS TEAM CONTINUED PRODUCING A NEWSLETTER WHERE CNE EXPERTS DIVE DEEP INTO A VARIETY OF ISSUES CONFRONTING PUERTO RICO. WE ALSO PROVIDE ALL OF OUR ANALYSES AND PUBLICATIONS FREE OF COST ON OUR WEBSITE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,830,909

Program Service Revenue $20,000

Investment Income $52,392

Other Revenue $172

TOTAL REVENUE $1,903,473

Expense Breakdown

Grants Paid $29,653

Salaries & Benefits $1,146,110

Fundraising Expenses $134,541

Program Expenses $1,422,130

Other Expenses $734,643

TOTAL EXPENSES $1,910,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,903,473	$1,871,721	+0.0%
Expenses	$1,910,406	$2,262,227	-0.2%
Net Income	$-6,933	$-390,506	-1.0%

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

Volunteers

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

$549,357

Total Directors

$204,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE MCCONNIE	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO LUIS FERRE-RANGEL	DIRECTOR	1.00	Director	$0	$0	$0
LUIS SILVA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CAREY BURWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOAQUIN BACARDI	DIRECTOR	1.00	Director	$0	$0	$0
PINSY RIVERA-ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
JACQUES CHAPPUIS	DIRECTOR	1.00	Director	$0	$0	$0
JORGE COLON-GERENA	DIRECTOR	1.00	Director	$0	$0	$0
ENRIQUE VILA-BIAGGI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIGUEL A SOTO CLASS	PRESIDENT	40.00	Officer Director	$191,300	$13,697	$204,997
SERGIO MARXUACH	ASSISTANT SECRETARY	40.00	Officer	$140,300	$0	$140,300
NURIA Y ORTIZ VARGAS	SECRETARY	40.00	Officer	$100,300	$0	$100,300
CARMEN VARGAS	TREASURER	40.00	Officer	$90,300	$13,460	$103,760
DEEPAK LAMBA	RESEARCH DIRECTOR	40.00	Highest	$124,883	$3,779	$128,662
NYDIA SUAREZ MARIN	PUBLIC AFFAIRS DIRECTOR	40.00	Highest	$100,300	$7,444	$107,744

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	$1,903,473	$1,910,406	$2,962,723	$-6,933
2022	$1,871,721	$2,262,227	$2,485,015	$-390,506
2021	$2,476,463	$2,669,978	$2,849,963	$-193,515
2020	$1,992,496	$2,247,873	$2,810,862	$-255,377
2018	$5,271,554	$4,393,337	$3,471,527	$878,217