CORRERA FAMILY FOUNDATION (EIN 841808150) - 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

RICARDO FLORES

Phone

7872909290

Tax Period

2024-01-01 to 2024-12-31

CORRERA FAMILY FOUNDATION, founded in 2019, is a small nonprofit in the Human Services sector that reported $771K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $747K left a modest 3% surplus.

Mission

OUR MISSION IS TO PROVIDE TRASFORMATIVE EXPERIENCES AND SUPPORT TO CHILDREN AFFECTED BY PROVERTY OR ILLNESS

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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 (2024)

Revenue Breakdown

Contributions & Grants $771,243

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $771,243

Expense Breakdown

Grants Paid $426,497

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $426,497

Other Expenses $320,532

TOTAL EXPENSES $747,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,243	$538,809	+0.4%
Expenses	$747,029	$699,646	+0.1%
Net Income	$24,214	$-160,837	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS A CORREA	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
RICARDO FLORES	PRESIDENT	15.00	Officer Director	$0	$0	$0
MONICA MEDINA	TREASURER	2.00	Officer Director	$0	$0	$0
SANDYBEL OPPENHEIMER	SECRETARY	3.00	Officer Director	$0	$0	$0
DANIELLA RODRIGUEZ	VICE PRESIDENT	3.00	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	$771,243	$747,029	$67,126	$24,214
2023	$538,809	$699,646	$42,912	$-160,837
2022	$555,135	$354,856	$202,551	$200,279
2021	$276,348	$337,465	$3,470	$-61,117
2020	$318,417	$267,599	$64,587	$50,818
2019	$47,622	$33,853	$13,769	$13,769

CORRERA FAMILY FOUNDATION