Bellas Artes de Caguas 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

2003

Legal Domicile

Principal Officer

IVONNE CLASS

Phone

7876535323

Tax Period

2022-07-01 to 2023-06-30

Bellas Artes de Caguas Corp, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $1.5M left a modest 4% surplus.

Mission

Promote the participation and collaboration of educational institutions, private entities and government entities in order to obtain the most extensive and effective cultural and tourist development of the mid-eastern region of Puerto Rico; to carry out, promote and collaborate with all acts and activities that exalt the values and artistic components of the Puerto Rican culture; and to develop an artistic expression that identifies the Municipality of Caguas and improves the quality of life of its citizens and all of Puerto Rico.

Program Service Accomplishments

Program 1

Expenses: $1,246,441 Revenue: $731,231

Rent of facilities and ancilliary locations

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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 (2022)

Revenue Breakdown

Contributions & Grants $199,566

Program Service Revenue $1,063,510

Investment Income $125

Other Revenue $275,037

TOTAL REVENUE $1,538,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,109

Fundraising Expenses $0

Program Expenses $1,246,441

Other Expenses $1,101,965

TOTAL EXPENSES $1,469,074

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,538,238	$1,831,895	-0.2%
Expenses	$1,469,074	$1,269,882	+0.2%
Net Income	$69,164	$562,013	-0.9%

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

$126,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Miranda Torres	President	1.00	Director	$0	$0	$0
Lydia Rivera Denizard	Vice-President	1.00	Director	$0	$0	$0
Carlos Bonilla	Treasurer	1.00	Director	$0	$0	$0
Zoila Levis	Secretary	1.00	Director	$0	$0	$0
Hector J Torres Colon	Director	1.00	Director	$0	$0	$0
Linda Hernandez	Director	1.00	Director	$0	$0	$0
Carlos Gonzalez Morales	Director	1.00	Director	$0	$0	$0
Jose Mellado	Director	1.00	Director	$0	$0	$0
Zabdiel Hernandez	Director	1.00	Director	$0	$0	$0
Isaac Esquilin	Director	1.00	Director	$0	$0	$0
Raul Rodriguez	Director	1.00	Director	$0	$0	$0
Carmen Munoz	Director	1.00	Director	$0	$0	$0
Angie Frias	Director	1.00	Director	$0	$0	$0
Ivonne Class	Executive Director	40.00	Officer	$126,000	$0	$126,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,538,238	$1,469,074	$2,269,352	$69,164
2022	$1,831,895	$1,269,882	$2,342,862	$562,013
2021	$338,025	$776,788	$1,915,067	$-438,763