Friends of Cne Inc

EIN: 923019514 501(c)(3) International Affairs

Newark, DE

Total Revenue
$450,549
Total Expenses
$443,504
Total Assets
$7,045
Net Assets
$7,045
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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
2023
Legal Domicile
DE
Phone
9522613415
Tax Period
2024-01-01 to 2024-12-31

Friends of Cne Inc, founded in 2023, is a small nonprofit in the International Affairs sector that reported $451K in total revenue in fiscal year 2024.

Mission

Friends of CNE is charitable organization that supports the advancement of free economic markets in Central America.

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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 (2024)

Revenue Breakdown

Contributions & Grants $450,549
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $450,549

Expense Breakdown

Grants Paid $443,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $443,055
Other Expenses $504
TOTAL EXPENSES $443,504

Year-over-Year Comparison

2024 2023 Change
Revenue $450,549 N/A N/A
Expenses $443,504 N/A N/A
Net Income $7,045 $0 N/A
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
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Benjamin Fossen Board Chair President 4.00
Director Key Emp
$0 $0 $0
Anthony Reed Secretary 0.00
Director
$0 $0 $0
Silvia Leary Director 0.00
Director
$0 $0 $0
Jorge Sosa Treasurer 0.00
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 $450,549 $443,504 $7,045 $7,045
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