Sostento Inc

EIN: 843739888 501(c)(3) Health Care

Montclair, NJ

Total Revenue
$1,800,522
Total Expenses
$2,509,368
Total Assets
$586,267
Net Assets
$460,066
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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
NJ
Principal Officer
JOSEPH M AGOADA
Phone
2027164901
Tax Period
2023-01-01 to 2023-12-31

Sostento Inc, founded in 2019, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

SOSTENTO IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO HELP FRONTLINE PUBLIC HEALTH WORKERS SAVE LIVES.

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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 $1,705,522
Program Service Revenue $95,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,800,522

Expense Breakdown

Grants Paid $147,956
Salaries & Benefits $1,854,415
Fundraising Expenses $19,006
Program Expenses $2,107,078
Other Expenses $506,997
TOTAL EXPENSES $2,509,368

Year-over-Year Comparison

2023 2022 Change
Revenue $1,800,522 $7,428,893 -0.8%
Expenses $2,509,368 $6,613,973 -0.6%
Net Income $-708,846 $814,920 -1.9%
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
6
Independent Members
5
Employees
17
Volunteers
5

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
3
$313,807
Total Directors
6
$152,633
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY KALVEN CHIEF OF STAFF (COS) 40.0
Highest
$145,000 $16,302 $161,302
JENNIFER ESTEVEZ COO 40.0
Officer
$145,000 $16,174 $161,174
JOSEPH M AGOADA BOARD PRESIDENT & TREASURER 40.0
Officer Director
$150,000 $2,633 $152,633
Kim Karlsrud DIRECTOR OF DESIGN 40.0
Highest
$115,000 $14,979 $129,979
EMILY RONNING DIRECTOR OF PARTNERSHIPS 40.0
Highest
$115,000 $14,765 $129,765
DANIEL ACQUAH CTO 40.0
Highest
$106,333 $13,544 $119,877
JENNY LIANG BOARD SECRETARY 40.0
Officer Director
$0 $0 $0
DR DAVID A BRAY DIRECTOR 1.0
Director
$0 $0 $0
TINA RAMIREZ DIRECTOR 1.0
Director
$0 $0 $0
DR JOHN BAPTISTE NIWAGABA DIRECTOR 1.0
Director
$0 $0 $0
ANDREW KESSEL FORMER CFO (RETIRED) 1.0
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 $1,800,522 $2,509,368 $586,267 $-708,846
2023 $1,800,522 $2,509,368 $586,267 $-708,846
2022 $7,428,893 $6,613,973 $1,287,656 $814,920
2021 $1,623,900 $1,282,903 $525,145 $340,997
2020 $514,305 $498,015 $93,514 $16,290
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