BAYAMON, PR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELITE EDUCATIONAL GROUP, founded in 2013, is a small nonprofit that reported $919K in total revenue in fiscal year 2024.
It is our mission to work in harmony as a safe, firm, strict and fun learning community, which encourages the development of discipline, self-control, self-esteem and confidence, based on principles, values and quality of life.
New Earth Music Academy (NEMA)-(Elite Educational Group, Corp), is a non-profit institution founded since 2007 by pastors and presidents Jesus and Yaritza Rivera. The school is governed by an...
New Earth Music Academy (NEMA)-(Elite Educational Group, Corp), is a non-profit institution founded since 2007 by pastors and presidents Jesus and Yaritza Rivera. The school is governed by an Administrative Board composed of people representing our educational community and is certified as a Church-School by the Department of State of Puerto Rico; this ensures that our curriculum meets the standards of excellence of each degree and academic subject. Teaching staff comply with the corresponding certification from the Department of Education. In addition, the school is a member of the Puerto Rico Private Education Association.
PPP LOAN FORGIVENESS - EXEMPT INCOME
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $918,600 | $863,382 | +0.1% |
| Expenses | $997,077 | $1,084,588 | -0.1% |
| Net Income | $-78,477 | $-221,206 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| YARITZA RIVERA COSME | VICE-PRESIDENT | 40 |
Officer
|
$24,300 | $0 | $24,300 |
| JESUS M RIVERA RIVERA | DIRECTOR | 40 |
Officer
|
$24,300 | $0 | $24,300 |
| SANDRA M RIVERA RIVERA | PRESIDENT | 40 |
Officer
|
$21,804 | $0 | $21,804 |
| BEATRIZ RODRIGUEZ MARRERO | VOCAL | 40 |
Officer
|
$15,900 | $0 | $15,900 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $918,600 | $997,077 | $287,885 | $-78,477 |
| 2023 | $863,382 | $1,084,588 | $340,107 | $-221,206 |
| 2022 | $1,072,859 | $993,543 | $459,129 | $79,316 |
| 2021 | $902,955 | $952,376 | $323,522 | $-49,421 |
Compare ELITE EDUCATIONAL GROUP with other nonprofits in Puerto Rico and across the country.