HOGAR MIS PRIMEROS PASOS INC

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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

2010

Legal Domicile

Principal Officer

LILLIAN MELENDEZ

Phone

7873814399

Tax Period

2023-07-01 to 2024-06-30

HOGAR MIS PRIMEROS PASOS INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $500K, a strong 39% operating margin.

Mission

PROVIDE A TRANSITION HOME FOR CHILDREN WHO HAVE BEEN MISTENDED AND WARANTEE THE PHYSICAL AND EMOTIONAL WELFARE TO THESE CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $608,065 Revenue: $0

IN THIS YEAR, THE ORGANIZATION HAS SERVED 30 MINORS THAT HAVE RECEIVED A SAFE PLACE TO LIVE, SINCE THE PROYECT STARTED, IT HAS SERVED 150 CHILDREN. THE CHILDREN ASSISTED ARE BETWEEN THE AGES OF...

IN THIS YEAR, THE ORGANIZATION HAS SERVED 30 MINORS THAT HAVE RECEIVED A SAFE PLACE TO LIVE, SINCE THE PROYECT STARTED, IT HAS SERVED 150 CHILDREN. THE CHILDREN ASSISTED ARE BETWEEN THE AGES OF NEWBORNS UP TO THE AGE OF 4. THEY ARE REMOVED FROM THEIR BIOLOGICAL HOMES BECAUSE THEIR PARENTS OR CAREGIVERS HAVE ABUSED, ABANDONED, DON'T HAVE THE ABILITY TO CARE FOR THEM OR DON'T WANT TO TAKE CARE OF THEM. WE PROVIDE SERVICES AND REQUIRED HAVING EMPLOYEES 24 HOURS A DAY, 7 DAYS A WEEK TO ASSISTS THE CHILDREN WITH THEIR NECESSITIES AND RECEIVED THEM AT ANY TIME OF THE DAY. WE PROVIDE SERVICES OF NOURISHMENT, CLOTHING BASIC COMMODITIES, TRANSPORTATION TO MEDICAL SERVICES, FRATERNIZATION ACTIVITIES, TOYS AND TEACHING AIDS.

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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 $1,286,474

Program Service Revenue $0

Investment Income $113

Other Revenue $0

TOTAL REVENUE $1,286,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,279

Fundraising Expenses $0

Program Expenses $608,065

Other Expenses $229,058

TOTAL EXPENSES $786,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,286,587	$946,497	+0.4%
Expenses	$786,337	$657,590	+0.2%
Net Income	$500,250	$288,907	+0.7%

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

$41,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISAURA SALGADO	EXECUTIVE DIRECTOR	40	Director	$41,748	$0	$41,748
LILLIAN MELENDEZ	PRESIDENT	7	Director	$0	$0	$0
LUZ DELIA MARTINEZ	SECRETARY	2	Director	$0	$0	$0
NORMA H COLLAZO	TREASURER	2	Director	$0	$0	$0
YOLANDA DIAZ	VOCAL	2	Director	$0	$0	$0
LUIS DEL RIO	VOCAL	2	Director	$0	$0	$0
YADIRA MELENDEZ	VOCAL	2	Director	$0	$0	$0
CARLOS CANDELARIA	VOCAL	2	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	No data	No data	No data	No data
2024	$1,286,587	$786,337	$2,925,024	$500,250
2023	$946,497	$657,590	$2,299,348	$288,907
2022	$1,019,106	$571,541	$2,046,348	$447,565
2021	$953,079	$488,180	$1,732,834	$464,899