FRIENDS OF THE CHILDREN OF VENEZUELA INC

EIN: 813198715 501(c)(3) Human Services

Miami, FL

Total Revenue
$340,255
Total Expenses
$405,785
Total Assets
$35,466
Net Assets
$34,864
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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
2016
Legal Domicile
FL
Principal Officer
ANDRES CALDERA
Phone
3054702429
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF THE CHILDREN OF VENEZUELA INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $340K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $406K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDE MEDICINE AND FOOD

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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 $340,255
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $340,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,005
Fundraising Expenses $0
Other Expenses $319,780
TOTAL EXPENSES $405,785

Year-over-Year Comparison

2024 2023 Change
Revenue $340,255 $304,060 +0.1%
Expenses $405,785 $428,203 -0.1%
Net Income $-65,530 $-124,143 -0.5%
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
2
Independent Members
N/A
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAOLO VENEGAS DIRECTOR 040.00
Officer Director
$0 $0 $0
MARTHA RIVAS DIRECTOR 040.00
Officer 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 $340,255 $405,785 $35,466 $-65,530
2023 $304,060 $428,203 $101,047 $-124,143
2022 $859,178 $781,095 $227,179 $78,083
2021 $778,835 $676,211 $152,380 $102,624
2020 $592,275 $628,468 $47,528 $-36,193
2019 $250,303 $251,930 $84,741 $-1,627
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