The IMPAC Fund Inc (EIN 821512029) - 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

2017

Legal Domicile

Principal Officer

Miguel Fernandez

Phone

3057893503

Tax Period

2022-01-01 to 2022-12-31

The IMPAC Fund Inc, founded in 2017, is a micro nonprofit that reported $9K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $297K exceeded revenue, resulting in a 3128% operating deficit.

Mission

THE IMPAC FUND FOCUSES ON FAMILY UNITY AND WORKS TOWARDS PROTECTING THE RIGHTS OF IMMIGRANTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,050

Program Service Revenue $0

Investment Income $148

Other Revenue $0

TOTAL REVENUE $9,198

Expense Breakdown

Grants Paid $296,897

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,897

Other Expenses $0

TOTAL EXPENSES $296,897

Year-over-Year Comparison

	2022	2021	Change
Revenue	$9,198	$230,342	-1.0%
Expenses	$296,897	$189,001	+0.6%
Net Income	$-287,699	$41,341	-8.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Miguel Fernandez	President	1.0	Officer Director	$0	$0	$0
Cesar Alvarez	Treasurer	1.0	Officer Director	$0	$0	$0
David Lawrence Jr	Secretary	1.0	Officer Director	$0	$0	$0
Matthew Grosack	Director	0.2	Director	$0	$0	$0
Ana Navarro-Cardenas	Director	0.2	Director	$0	$0	$0
Eduardo Padron	director	0.2	Director	$0	$0	$0
Paul Cejas	Director	0.2	Director	$0	$0	$0
Tony Argiz	Director	0.2	Director	$0	$0	$0
Lisa Mendelson	Director	0.2	Director	$0	$0	$0
Sergio Pino	Director	0.2	Director	$0	$0	$0
Mario Murgado	Director	0.2	Director	$0	$0	$0
Bruce Berkowitz	Director	0.2	Director	$0	$0	$0
Aida Levitan	director	0.2	Director	$0	$0	$0
Jose Mas	director	0.2	Director	$0	$0	$0
Allan Bense	Director	0.2	Director	$0	$0	$0
Wendi Adelson	Director	0.2	Director	$0	$0	$0
Julio Avael	Director	0.2	Director	$0	$0	$0
Leonard Boord	Director	0.2	Director	$0	$0	$0
Al Cardenas	Director	0.2	Director	$0	$0	$0
Mario Cartaya	Director	0.2	Director	$0	$0	$0
Manny Diaz	Director	0.2	Director	$0	$0	$0
Paul DiMare	Director	0.2	Director	$0	$0	$0
Richard Fain	Director	0.2	Director	$0	$0	$0
John Feeley	Director	0.2	Director	$0	$0	$0
Felice Gorordo	Director	0.2	Director	$0	$0	$0
Pedro Jose 'Joe' Greer	Director	0.2	Director	$0	$0	$0
Pilar Guzman	Director	0.2	Director	$0	$0	$0
Augustin Herran	Director	0.2	Director	$0	$0	$0
John Martinez	Director	0.2	Director	$0	$0	$0
Mel Martinez	Director	0.2	Director	$0	$0	$0
Alonzo Mourning	Director	0.2	Director	$0	$0	$0
Alberto Carvalho	Director	0.2	Director	$0	$0	$0
Linda Julien	Director	0.2	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
2022	$9,198	$296,897	No data	$-287,699
2021	$230,342	$189,001	$287,699	$41,341
2020	$274,386	$140,302	$246,358	$134,084
2019	$434,055	$731,576	$112,274	$-297,521
2018	$770,212	$1,020,611	$409,795	$-250,399

The IMPAC Fund Inc