NOVO BROTHERS FOUNDATION INC

EIN: 822381651 501(c)(3)

MIAMI, FL

Total Revenue
$59,053
Total Expenses
$59,007
Total Assets
$5,951
Net Assets
$-6,049
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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
2021
Legal Domicile
FL
Principal Officer
DENNIS NOVO HERNANDEZ
Phone
3055705090
Tax Period
2022-01-01 to 2022-12-31

NOVO BROTHERS FOUNDATION INC, founded in 2021, is a micro nonprofit that reported $59K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

Our foundation provides martial arts classes Karate, Judo, Taekwondo, Ju-Jitsu and more, combined with after school care, tutoring, and art classes.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,020
Program Service Revenue $40,033
Investment Income $0
Other Revenue $0
TOTAL REVENUE $59,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,007
Other Expenses $59,007
TOTAL EXPENSES $59,007

Year-over-Year Comparison

2022 2021 Change
Revenue $59,053 $48,832 +0.2%
Expenses $59,007 $53,708 +0.1%
Net Income $46 $-4,876 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS NOVO HERNANDEZ PRESIDENT 040.00
Officer Director
$0 $0 $0
DORALVIS DELGADO LOPEZ SECRETARY 040.00
Officer Director
$0 $0 $0
JENIA PIEDRA TREASURER 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
2022 $59,053 $59,007 $5,951 $46
2021 $48,832 $53,708 $5,905 $-4,876
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