WORLDNETS SYNERGY FOUNDATION I

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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

2022

Legal Domicile

Principal Officer

DAVID BOGATY

Phone

7877062600

Tax Period

2024-04-01 to 2025-03-31

WORLDNETS SYNERGY FOUNDATION I, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2024. Expenses of $165K exceeded revenue, resulting in a 10% operating deficit.

Mission

COLLECT CHARITABLE CONTRIBUTIONS AND RESOURCES TO BE USED TO PROMOTE THE ECONOMIC AND SOCIAL DEVELOPMENT OF PUERTO RICO COMMUNITIES THROUGH EDUCATION, HEALTH, CULTURE SPORT, AND OTHER INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $165,334 Revenue: $150,000

THE COMPANY COLLECTS CHARITABLE CONTRIBUTIONS AND RESOURCES TO BE

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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 $150,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $150,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $153,770

Fundraising Expenses $165,334

Program Expenses $165,334

Other Expenses $11,564

TOTAL EXPENSES $165,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,000	$143,000	+0.0%
Expenses	$165,334	$133,575	+0.2%
Net Income	$-15,334	$9,425	-2.6%

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

Key Employees

$127,619

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANGIE BOAGTY	PRESIDENT	4	Director	$0	$0	$0
MARIA VIRELLA	TREASURER	4	Director	$0	$0	$0
DAVID BOGATY	DIRECTOR	4	Director	$0	$0	$0
LARRY FREEDMAN	DIRECTOR	4	Director	$0	$0	$0
ENID REYES	EXECUTIVE DIRE	40	Key Emp	$127,619	$0	$127,619

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	$150,000	$165,334	$4,964	$-15,334
2024	$143,000	$133,575	$15,697	$9,425
2023	No data	No data	No data	No data