FUNDACION CORTES INC (EIN 660804845) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

IGNACIO CORTES

Phone

7877547040

Tax Period

2024-01-01 to 2024-12-31

FUNDACION CORTES INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $688K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROMOTE EDUCATIONAL AND ARTISTIC ACTIVITIES

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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 $688,307

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $688,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,314

Fundraising Expenses $32,846

Program Expenses $415,333

Other Expenses $544,012

TOTAL EXPENSES $754,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$688,307	$618,709	+0.1%
Expenses	$754,326	$538,035	+0.4%
Net Income	$-66,019	$80,674	-1.8%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IGNACIO CORTES-GELPI	PRESIDENT & TREASURER	4.00	Officer	$0	$0	$0
ELAINE SHEHAB	SECRETARY	4.00	Officer	$0	$0	$0
EVA DIAZ ACEVEDO	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER CORTES GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
ADLIN RIOS RIGAU	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO BACO BAGUE	DIRECTOR	1.00	Director	$0	$0	$0
SORAYA RODRIGUEZ VAZQUEZ	DIRECTOR	1.00	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
2024	$688,307	$754,326	$187,562	$-66,019
2023	$618,709	$538,035	$283,691	$80,674
2022	$555,418	$637,515	$93,460	$-82,097
2021	$540,782	$559,025	$110,089	$-18,243
2020	$551,768	$495,987	$118,218	$55,781

FUNDACION CORTES INC