THE ALBACETE FORUM INC (EIN 822210883) - 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

OLIVETTA DANESE

Phone

2122535777

Tax Period

2023-01-01 to 2023-12-31

THE ALBACETE FORUM INC, founded in 2017, is a micro nonprofit in the Religion sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE LORENZO ALBACETE FOUNDATION HONORS THE LIFE AND LEGACY OF ITS NAMESAKE. THE ORGANIZATION'S GOALS ARE TO KEEP MSGR. ALBACETE'S WORKS IN THE PUBLIC SPHERE AND TO PROMOTE HIS OUTLOOK AND INTERESTS IN THE WIDER WORLD OF THE CHURCH AND SOCIETY.

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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 $22,604

Program Service Revenue $0

Investment Income $0

Other Revenue $-44

TOTAL REVENUE $22,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,106

Program Expenses $14,211

Other Expenses $28,422

TOTAL EXPENSES $28,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,560	$30,315	-0.3%
Expenses	$28,422	$26,968	+0.1%
Net Income	$-5,862	$3,347	-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

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
STEPHEN SANCHEZ	PRESIDENT	2.00	Officer	$0	$0	$0
MAUREEN ROONEY	SECRETARY	2.00	Officer	$0	$0	$0
OLIVETTA DANESE	TREASURER	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	$22,560	$28,422	$15,511	$-5,862
2022	$30,315	$26,968	$21,373	$3,347
2021	$26,219	$25,758	$18,026	$461
2020	$18,189	$8,546	$17,565	$9,643
2019	$7,553	$2,663	$7,922	$4,890

THE ALBACETE FORUM INC