FORJANDO UN NUEVO COMIENZO CORP (EIN 660592098) - 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

2000

Legal Domicile

Principal Officer

MORAIMA OYOLA PIZARRO

Phone

7877315480

Tax Period

2023-10-01 to 2024-09-30

FORJANDO UN NUEVO COMIENZO CORP, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

Forjando un Nuevo Comienzo, Corp.'s main mission is to improve the quality of life of people with social or economic constraints and or disadvantages. The most significant activities are: employment opportunities; motivational, leadership and self-improvement skills workshops; homework assistance; and cultural, educational and recreational activities.

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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 $1,238,439

Program Service Revenue $0

Investment Income $0

Other Revenue $243,601

TOTAL REVENUE $1,482,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,536

Fundraising Expenses $0

Program Expenses $1,133,473

Other Expenses $347,143

TOTAL EXPENSES $1,412,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,482,040	$1,251,448	+0.2%
Expenses	$1,412,679	$936,640	+0.5%
Net Income	$69,361	$314,808	-0.8%

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

108

Volunteers

108

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

$75,057

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORAIMA OYOLA	EXECUTIVE DIRECTOR	37.50	Key Emp Highest	$75,057	$0	$75,057
LUIS J VAZQUEZ UROUIA	PRESIDENT	1	Director	$0	$0	$0
MILAGROS VARGAS FELICIANO	VOCAL	1	Director	$0	$0	$0
DENISE RIVERA	VOCAL	1	Director	$0	$0	$0
MARIA M RIVERA	SECRETARY	1	Director	$0	$0	$0
VIVIAN SANCHEZ RAMOS	TREASURER	1	Director	$0	$0	$0
MARIBEL FUENTES COLON	VOCAL	1	Director	$0	$0	$0
ODEMARIS CORDOVA CUEVAS	VOCAL	1	Director	$0	$0	$0
KARLA M SANTIAGO QUINONES	VOCAL	1	Director	$0	$0	$0
VIRGINIA RIVERA	VICE PRESIDENT	1	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	$1,482,040	$1,412,679	$641,223	$69,361
2023	$1,251,448	$936,640	$540,055	$314,808
2022	$947,186	$865,025	$269,991	$82,161
2021	$794,851	$705,272	$276,000	$89,579
2020	$453,626	$687,112	$94,335	$-233,486
2019	$1,196,523	$986,196	$452,610	$210,327

FORJANDO UN NUEVO COMIENZO CORP