BONA FIDE CONGLOMERATE INC

EIN: 830396875 501(c)(3) Employment

LA MESA, CA

Total Revenue
$6,719,990
Total Expenses
$6,539,077
Total Assets
$1,949,372
Net Assets
$1,935,519
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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
2004
Legal Domicile
CA
Principal Officer
RUBEN A LOPEZ
Phone
6199380604
Tax Period
2023-01-01 to 2023-12-31

BONA FIDE CONGLOMERATE INC, founded in 2004, is a community nonprofit in the Employment sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION PROVIDES MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS WITH PRACTICAL, REAL-WORLD JOB TRAINING AND JOB PLACEMENT IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $4,757,626 Revenue: $6,672,792

THE ORGANIZATION HAS AND CONTINUES TO EDUCATE, TRAIN, AND PROVIDE JOB PLACEMENT AND EMPOYMENT FOR INDIVIDUALS WHO ARE OTHERWISE "UNEMPLOYABLE" DUE TO A SEVERE DISABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,672,792
Investment Income $47,198
Other Revenue $0
TOTAL REVENUE $6,719,990

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,429,605
Fundraising Expenses $0
Program Expenses $4,757,626
Other Expenses $2,109,472
TOTAL EXPENSES $6,539,077

Year-over-Year Comparison

2023 2022 Change
Revenue $6,719,990 $5,676,609 +0.2%
Expenses $6,539,077 $6,103,555 +0.1%
Net Income $180,913 $-426,946 -1.4%
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
4
Independent Members
N/A
Employees
126
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
4
$545,000
Total Directors
4
$545,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUBEN A LOPEZ President & CEO 40.00
Officer Director
$500,000 $0 $500,000
BENJAMIN R LOPEZ Vice President 40.00
Officer Director
$45,000 $0 $45,000
ALEX ACOSTA Secretary 0.00
Officer Director
$0 $0 $0
NATHAN MCDONOUGH COO 0.00
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
2024 No data No data No data No data
2023 $6,719,990 $6,539,077 $1,949,372 $180,913
2022 $5,676,609 $6,103,555 $1,744,549 $-426,946
2021 $3,804,222 $3,432,047 $2,193,137 $372,175
2020 $1,780,222 $1,687,819 $1,808,215 $92,403
2019 $5,414,713 $2,335,019 $1,716,974 $3,079,694
2019 $5,414,713 $2,335,019 $1,716,974 $3,079,694
2018 $1,509,275 $2,274,370 $110,055 $-765,095
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