CARMEN AND ANNA ARGOTE FOUNDATION

EIN: 932372704 501(c)(3) Education

FREEHOLD, NJ

Total Revenue
$1,589
Total Expenses
$6,066
Total Assets
$45,387
Net Assets
$45,387
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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
NJ
Principal Officer
FRANK ARGOTE FREYRE
Phone
7329723813
Tax Period
2024-01-01 to 2024-12-31

CARMEN AND ANNA ARGOTE FOUNDATION, founded in 2023, is a micro nonprofit in the Education sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $6K exceeded revenue, resulting in a 282% operating deficit.

Mission

ASSIST CHILDREN OF IMMIGRANTS WITH EDUCATIONAL NEEDS

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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 $274
Program Service Revenue $0
Investment Income $1,315
Other Revenue $0
TOTAL REVENUE $1,589

Expense Breakdown

Grants Paid $5,555
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,066
Other Expenses $511
TOTAL EXPENSES $6,066

Year-over-Year Comparison

2024 2023 Change
Revenue $1,589 $50,792 -1.0%
Expenses $6,066 $928 +5.5%
Net Income $-4,477 $49,864 -1.1%
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

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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK ARGOTE FREYRE CHAIRMAN N/A
Officer
$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 $1,589 $6,066 $45,387 $-4,477
2023 $20,253 $928 $19,325 $19,325
2023 $50,792 $928 $49,864 $49,864
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