EL FARO MINISTRIES (EIN 901003347) - 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

2007

Legal Domicile

Principal Officer

ARMANDO VELASQUEZ

Tax Period

2023-01-01 to 2023-12-31

EL FARO MINISTRIES, founded in 2007, is a micro nonprofit that reported $119 in total revenue in fiscal year 2023. Revenue surged 2875% from the prior year, signaling strong growth momentum. Expenses of $1K exceeded revenue, resulting in a 988% operating deficit.

Mission

EL FARO MINISTRIES' GOAL IS TO PROVIDE ASSISTANCE IN IMPROVING THE QUALITY OF LIFE TO THOSE WHO HAVE BEEN AFFECTED BY LIFE'S HARDSHIPS.

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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 $0

Program Service Revenue $0

Investment Income $119

Other Revenue $0

TOTAL REVENUE $119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,295

Other Expenses $1,295

TOTAL EXPENSES $1,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119	$4	+28.8%
Expenses	$1,295	$3,243	-0.6%
Net Income	$-1,176	$-3,239	-0.6%

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
ARMANDO VELASQUEZ	President & CEO	15.00	Officer Director	$0	$0	$0
MYRA H VELASQUEZ	Vice President	10.00	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
2023	$119	$1,295	$12,793	$-1,176
2022	$4	$3,243	$13,968	$-3,239
2021	$4,113	$1,920	$17,744	$2,193
2020	$13,792	$27,031	$15,080	$-13,239

EL FARO MINISTRIES