Chelsea Business Foundation Inc (EIN 823962027) - 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

2018

Legal Domicile

Phone

6179466098

Tax Period

2021-01-01 to 2021-12-31

Chelsea Business Foundation Inc, founded in 2018, is a small nonprofit that reported $438K in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year.

Mission

Supprot economic develoment by assisting entrepreneurs and small business owners with tools and resources to be successful. For example, through one-on-one technical assistance, bilingual workshops and trading programs, as well as networking opportunities.

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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 (2021)

Revenue Breakdown

Contributions & Grants $65,000

Program Service Revenue $373,222

Investment Income $7

Other Revenue $0

TOTAL REVENUE $438,229

Expense Breakdown

Grants Paid $52,500

Salaries & Benefits $171,758

Fundraising Expenses $0

Program Expenses $205,842

Other Expenses $238,949

TOTAL EXPENSES $463,207

Year-over-Year Comparison

	2021	2020	Change
Revenue	$438,229	$499,647	-0.1%
Expenses	$463,207	$192,262	+1.4%
Net Income	$-24,978	$307,385	-1.1%

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

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

$147,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS MATOS	CEO	40.00	Officer	$88,120	$0	$88,120
Deise Paraguay	Foundation Mgr.	40.00	Officer	$59,800	$0	$59,800
Guillermo Fernandez	President	2.00	Director	$0	$0	$0
Johanna Mateo	Treasurer	2.00	Director	$0	$0	$0
Irene F Torres	Director	2.00	Director	$0	$0	$0
Phyllis Barajas	Director	2.00	Director	$0	$0	$0
Yvonne Garcia	Director	2.00	Director	$0	$0	$0
Yago Martinez	Director	2.00	Director	$0	$0	$0
D Bruce Mauch	Director	2.00	Director	$0	$0	$0
Andrea Perez	Director	2.00	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
2021	$438,229	$463,207	$254,464	$-24,978

Chelsea Business Foundation Inc