PORTUGAL DAY FESTIVAL IN NEWARK (EIN 834345047) - 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

2019

Legal Domicile

Principal Officer

MARIA RIBEIRO

Phone

9736872138

Tax Period

2022-01-01 to 2022-12-31

PORTUGAL DAY FESTIVAL IN NEWARK, founded in 2019, is a micro nonprofit that reported $86K in total revenue in fiscal year 2022. Revenue surged 339% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 17% operating margin.

Mission

TO PROVIDE PROGRAMS AND ACTIVITIES WHICH SHALL ENHANCE AND IMPROVE THE QUALITY OF LIFE OF THE RESIDENTS OF THE CITY OF NEWARK AND THE STATE OF NJ BY CONCENTRATING ON THE AREAS OF RECREATION, CULTURAL DEVELOPMENT EDUCATION, ETC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $85,535

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $85,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $68,278

Program Expenses $0

Other Expenses $70,707

TOTAL EXPENSES $70,707

Year-over-Year Comparison

	2022	2021	Change
Revenue	$85,535	$19,500	+3.4%
Expenses	$70,707	$25,580	+1.8%
Net Income	$14,828	$-6,080	-3.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
FLORIVAL ROMAN	MEMBER	5.00	Officer Director	$0	$0	$0
CARLOS BRITO	MEMBER	5.00	Officer Director	$0	$0	$0
MANUELA CARDOSO	MEMBER	5.00	Officer Director	$0	$0	$0
MARIA RIBEIRO	MEMBER	5.00	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	$85,535	$70,707	No data	$14,828
2021	$19,500	$25,580	No data	$-6,080

PORTUGAL DAY FESTIVAL IN NEWARK