PORTUGUESE-AMERICAN CLUB OF MOUNT VERNON INC (EIN 821878076) - 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

1949

Legal Domicile

Principal Officer

ELIZABETH FERREIRA

Phone

9146648346

Tax Period

2023-01-01 to 2023-12-31

PORTUGUESE-AMERICAN CLUB OF MOUNT VERNON INC, founded in 1949, is a small nonprofit in the Recreation & Sports sector that reported $137K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS. THE ORGANIZATION PROMOTES AND EDUCATES THE PUBLIC ABOUT PORTUGUESE CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $81,670

Program Service Revenue $0

Investment Income $0

Other Revenue $55,549

TOTAL REVENUE $137,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,879

Other Expenses $152,318

TOTAL EXPENSES $152,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,219	$194,682	-0.3%
Expenses	$152,318	$190,553	-0.2%
Net Income	$-15,099	$4,129	-4.7%

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

111

Independent Members

111

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAL PATANE	DIRECTOR - BOARD SECRETARY	1.00	Director	$0	$0	$0
ANTONIO OLIVEIRA	DIRECTOR - BOARD PRESIDENT	1.00	Director	$0	$0	$0
JULIA PATANE	DIRECTOR - BOARD VP	1.00	Director	$0	$0	$0
ELIZABETH FERREIRA	PRESIDENT	10.00	Officer	$0	$0	$0
DIAQUINO DE FREITAS	TREASURER	10.00	Officer	$0	$0	$0
FATIMA FERREIRA	SECRETARY	10.00	Officer	$0	$0	$0
SILVIE CORREIA-ROBALO	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LESLIE SCHILLACE	SECRETARY	10.00	Officer	$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	No data	No data	No data	No data
2023	$137,219	$152,318	$103,727	$-15,099
2022	$194,682	$190,553	$120,734	$4,129
2021	$191,973	$143,463	$116,605	$48,510
2020	$82,599	$116,211	$66,996	$-33,612
2019	$285,430	$267,864	$100,165	$17,566
2018	$254,163	$252,967	$82,599	$1,196

PORTUGUESE-AMERICAN CLUB OF MOUNT VERNON INC