Filipino Federation of America Inc (EIN 941640630) - 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

1927

Legal Domicile

Principal Officer

Connie Mabalcon

Phone

2096364625

Tax Period

2024-01-01 to 2024-12-31

Filipino Federation of America Inc, founded in 1927, is a small nonprofit that reported $290K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $348K exceeded revenue, resulting in a 20% operating deficit.

Mission

Low income housing and social services for the elderly

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $336,677

Investment Income $12

Other Revenue $-46,912

TOTAL REVENUE $289,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,368

Fundraising Expenses $0

Program Expenses $288,104

Other Expenses $294,628

TOTAL EXPENSES $347,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,777	$216,375	+0.3%
Expenses	$347,996	$300,119	+0.2%
Net Income	$-58,219	$-83,744	-0.3%

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

$37,000

Total Directors

$49,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Belarmino	Treasurer	5.00	Officer Director	$24,000	$0	$24,000
Connie Mabalcon	President	1.00	Officer Director	$13,000	$0	$13,000
Auerlio Alborez	On-Site Manager	5.00	Director	$12,000	$0	$12,000
Mayna Benally	Vice President	1.00	Officer Director	$0	$0	$0
Roselyn Deloso Ernst	Secretary	1.00	Officer Director	$0	$0	$0
Noraine Yurong	Chairman	1.00	Officer Director	$0	$0	$0
Maxine Alvarico	Trustee	1.00	Director	$0	$0	$0
Esther Mendez	Trustee	1.00	Director	$0	$0	$0
Vivian Pollock	Trustee	1.00	Director	$0	$0	$0
Mark Alborez	Trustee	1.00	Director	$0	$0	$0
Joey Talisayan	Trustee	1.00	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	$289,777	$347,996	$852,690	$-58,219
2022	$310,580	$280,853	$994,741	$29,727
2021	$328,172	$258,755	$829,972	$69,417
2020	$249,982	$236,519	$765,223	$13,463
2019	$262,154	$259,962	$766,613	$2,192
2018	$262,509	$235,774	$777,423	$26,735

Filipino Federation of America Inc