COBIMET INC

EIN: 660698414 501(c)(3) Education

BAYAMON, PR

Total Revenue
$380,654
Total Expenses
$380,615
Total Assets
$423,405
Net Assets
$302,510
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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

Principal Officer
CARLOS CRESPO
Tax Period
2022-01-01 to 2022-12-31

COBIMET INC is a small nonprofit in the Education sector that reported $381K in total revenue in fiscal year 2022.

Mission

EDUCATIONAL SERVICES IN INFORMATION ACCESS TO LIBRARIANS, STUDENTS, FACULTY AND GENERAL COMMUNITY AS A VIRTUAL LIBRARY PLATFORM

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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 (2022)

Revenue Breakdown

Contributions & Grants $380,654
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $380,654

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,321
Fundraising Expenses $0
Program Expenses $761,232
Other Expenses $129,227
TOTAL EXPENSES $380,615

Year-over-Year Comparison

2022 2021 Change
Revenue $380,654 N/A N/A
Expenses $380,615 N/A N/A
Net Income $39 N/A N/A
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
6
Independent Members
6
Employees
1
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
0
$0
Total Directors
1
$53,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS A CRESP EXECUTIVE DIRE 40
Director
$53,688 $0 $53,688
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
2022 $380,654 $380,615 $423,405 $39
2020 $323,061 $315,401 $504,536 $7,660
2019 $301,684 $301,197 $480,492 $487
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