WORLDNETS SYNERGY FOUNDATION I

EIN: 661013574 501(c)(3) Community Improvement

GUAYNABO, PR

Total Revenue
$150,000
Total Expenses
$165,334
Total Assets
$4,964
Net Assets
$-5,909
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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
PR
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 CONTRIBUTION AND RESOURCES TO BE USED TO PROMOTE THE ECONOMIC AND SOCIAL DEVELOPMENT OF PUERTO RICO COMMUNITIES.

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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 (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

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Governance

Voting Members
4
Independent Members
4
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
4
$0
Key Employees
1
$127,619
Highest Compensated
0
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
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