THE CITY OF SOCORRO COMMUNITY INITIATIVE (EIN 842863807) - 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

JESUS ENRIQUEZ

Phone

9158582915

Tax Period

2023-01-01 to 2023-12-31

THE CITY OF SOCORRO COMMUNITY INITIATIVE, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 421% operating deficit.

Mission

TO PROMOTE A DYNAMIC QUALITY OF LIFE THROUGH ADVANCEMENTS IN CULTURAL HERITAGE, COMMUNITY DEVELOPMENT, AND HEALTH AND WELLNESS IN SOCORRO, TEXAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $21,755

Program Service Revenue $0

Investment Income $1,887

Other Revenue $0

TOTAL REVENUE $23,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,894

Fundraising Expenses $0

Program Expenses $121,507

Other Expenses $53,384

TOTAL EXPENSES $123,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,642	$71,628	-0.7%
Expenses	$123,278	$75,441	+0.6%
Net Income	$-99,636	$-3,813	+25.1%

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

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

$69,894

Total Directors

$69,894

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDIA M GARCIA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
EMIL CHAPARRO	VICE BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MARTY LOYA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CORREA PE	DIRECTOR	1.00	Director	$0	$0	$0
JESUS ENRIQUEZ CPA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SCHILLING	EXECUTIVE DIRECTOR	40.00	Officer Director	$69,894	$0	$69,894
ADRIANA RODARTE MBA	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES CASIANO CPA	TREASURER	1.00	Officer Director	$0	$0	$0
ALEJANDRA VALADEZ	SECRETARY/VICE PRESIDENT	1.00	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	$23,642	$123,278	$647,184	$-99,636
2022	$71,628	$75,441	$746,820	$-3,813

THE CITY OF SOCORRO COMMUNITY INITIATIVE