FUNDACION ARTURO SOMOHANO INC

EIN: 660569857 501(c)(3) Arts, Culture & Humanities

SAN JUAN, PR

Total Revenue
$713,517
Total Expenses
$773,376
Total Assets
$765,180
Net Assets
$747,160
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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
1974
Legal Domicile
PR
Principal Officer
Victor Maldonado
Phone
7877653935
Tax Period
2023-07-01 to 2024-06-30

FUNDACION ARTURO SOMOHANO INC, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $714K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

PERFORM MUSICAL CONCERTS AND PROMOTE MUSIC

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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 $711,925
Program Service Revenue $0
Investment Income $1,592
Other Revenue $0
TOTAL REVENUE $713,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,041
Fundraising Expenses $0
Program Expenses $652,518
Other Expenses $715,335
TOTAL EXPENSES $773,376

Year-over-Year Comparison

2023 2022 Change
Revenue $713,517 $1,204,155 -0.4%
Expenses $773,376 $1,210,606 -0.4%
Net Income $-59,859 $-6,451 +8.3%
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
3
Independent Members
3
Employees
1
Volunteers
3

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
0
$0
Total Directors
1
$48,100
Key Employees
1
$48,100
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR M MALDONADO PRESIDENT 40
Director Key Emp Highest
$48,100 $0 $48,100
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 No data No data No data No data
2024 $713,517 $773,376 $765,180 $-59,859
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