PALANTE HARLEM INC (EIN 800209989) - 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

2008

Legal Domicile

Principal Officer

Elsia Vasquez

Phone

2124912541

Tax Period

2024-07-01 to 2025-06-30

PALANTE HARLEM INC, founded in 2008, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

To reduce poverty and advocate for safe housing by organizing, educating and empowering residents.

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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 $1,205,373

Program Service Revenue $0

Investment Income $577

Other Revenue $4,675

TOTAL REVENUE $1,210,625

Expense Breakdown

Grants Paid $10,366

Salaries & Benefits $560,365

Fundraising Expenses $40,389

Program Expenses $1,166,090

Other Expenses $810,825

TOTAL EXPENSES $1,381,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,210,625	$1,261,073	0.0%
Expenses	$1,381,556	$1,168,049	+0.2%
Net Income	$-170,931	$93,024	-2.8%

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

$144,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUISA RODRIGUEZ	Chair	3.00	Officer Director	$0	$0	$0
EDWIN TORRES	Treasurer	2.00	Officer Director	$0	$0	$0
TRACY GREENE	Secretary	2.00	Officer Director	$0	$0	$0
RAMON MORILLO	Board Member	1.00	Director	$0	$0	$0
TIM COLLINS	Board Member	2.00	Director	$0	$0	$0
BASIL SMIKLE	Board Member	1.00	Director	$0	$0	$0
JAIR SANCHEZ	Board Member	1.00	Director	$0	$0	$0
ELSIA VASQUEZ	Executive Director	40.00	Officer	$144,700	$0	$144,700

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	$1,210,625	$1,381,556	$1,599,159	$-170,931
2024	No data	No data	No data	No data
2023	$1,026,956	$979,587	$975,503	$47,369
2022	$721,377	$806,581	$722,163	$-85,204
2021	$495,776	$490,535	$762,415	$5,241
2020	$888,109	$459,132	$835,598	$428,977
2019	$574,914	$484,172	$387,189	$90,742
2018	$366,325	$336,522	$298,864	$29,803

PALANTE HARLEM INC