FORJANDO UN NUEVO COMIENZO CORP

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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

2024-10-01 to 2025-09-30

FORJANDO UN NUEVO COMIENZO CORP, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

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.

Program Service Accomplishments

Program 1

Expenses: $840,664 Revenue: $1,037,146

Housing - This project consists of three programs that offer viable options for public housing bona fide residents of the Public Housing Administration to overcome the obstacles that prevent them...

Housing - This project consists of three programs that offer viable options for public housing bona fide residents of the Public Housing Administration to overcome the obstacles that prevent them from having a better quality of life. The program provides opportunities for social mobility to economically disadvantaged families, services such as: employment opportunities, entrepreneurship and leadership workshops; homework assistance; recreational, cultural and educational activities.

Program 2

Expenses: $17,063 Revenue: $48,076

Social Action - Forjando un Nuevo Comienzo allows young school dropouts, with criminal records or problems with justice, the opportunity to have a decent job that helps them reestablish themselves...

Social Action - Forjando un Nuevo Comienzo allows young school dropouts, with criminal records or problems with justice, the opportunity to have a decent job that helps them reestablish themselves into society.

Program 3

Expenses: $9 Revenue: $5,683

"EMPLEO A JOVENES EN SUPERACION" this program, whose name is in Spanish and means "employment for youths who are overcoming obstacles", provides employment opportunities to low income individuals...

"EMPLEO A JOVENES EN SUPERACION" this program, whose name is in Spanish and means "employment for youths who are overcoming obstacles", provides employment opportunities to low income individuals that are unemployed because they have no prior working experience, have prior criminal records or do not have a high school diploma.

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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 $961,867

Program Service Revenue $0

Investment Income $0

Other Revenue $129,039

TOTAL REVENUE $1,090,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $828,696

Fundraising Expenses $0

Program Expenses $857,736

Other Expenses $361,402

TOTAL EXPENSES $1,190,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,090,906	$1,482,040	-0.3%
Expenses	$1,190,098	$1,412,679	-0.2%
Net Income	$-99,192	$69,361	-2.4%

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

$89,462

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORAIMA OYOLA	EXECUTIVE DIRECTOR	38	Key Emp Highest	$89,462	$0	$89,462
DENISE RIVERA	PRESIDENT	1	Director	$0	$0	$0
MARIA M RIVERA	SECRETARY	1	Director	$0	$0	$0
KARLA M SANTIAGO QUINONES	TREASURER	1	Director	$0	$0	$0
MARISOL GONZALEZ	VOCAL	1	Director	$0	$0	$0
JOSE L CABRERA	VOCAL	1	Director	$0	$0	$0
LISA M ORTEGA CRUZ	VOCAL	1	Director	$0	$0	$0
ARACELYS GUZMAN	VOCAL	1	Director	$0	$0	$0
SANDRA LOPEZ	VOCAL	1	Director	$0	$0	$0
YAZMIN FIGUEROA ARANA	VOCAL	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
2025	$1,090,906	$1,190,098	$560,585	$-99,192
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