FORMULA SMILES INC

EIN: 830370463 501(c)(3) International Affairs

DORAL, FL

Total Revenue
N/A
Total Expenses
$259
Total Assets
$79,653
Net Assets
$5,334
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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
2003
Legal Domicile
FL
Principal Officer
ALBERT NAON JR
Phone
3055779049
Tax Period
2022-01-01 to 2022-12-31

Mission

TO IMPROVE THE QUALITY OF LIFE AND THE SURROUNDINGS OF CHILDREN WITH THE MOST CRUCIAL NEEDS IN COLOMBIA BY IMPLEMENTING PROGRAMS THAT INSTILL VALUES THROUGH SPORTS AND RECREACTION. 'PROVIDING THE CHILDREN WITH A REASON TO SMILE'

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $259
TOTAL EXPENSES $259

Year-over-Year Comparison

2022 2021 Change
Revenue N/A $14,586 -1.0%
Expenses $259 $304 -0.1%
Net Income N/A $14,282 N/A
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
N/A
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE FREYDELL DIRECTOR/PRESIDENT 0.00
Officer Director
$0 $0 $0
ALBERT NAON JR SECRETARY 0.00
Director
$0 $0 $0
PABLO F MONTOYA DIRECTOR 0.00
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
2022 No data $259 $79,653 No data
2021 $14,586 $304 $79,912 $14,282
2020 $4,219 $5,241 $63,101 $-1,022
2019 $5,081 $298 $69,098 $4,783
2018 $13,580 $6,367 $64,314 $7,213
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