ADELANTE FOUNDATION INC

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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

1999

Legal Domicile

Principal Officer

RICH LANG

Phone

4159999647

Tax Period

2024-01-01 to 2024-12-31

ADELANTE FOUNDATION INC, founded in 1999, is a community nonprofit in the International Affairs sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 13% surplus.

Mission

THE ADELANTE FOUNDATION, INC. IS A MICROFINANCE INSTITUTION OPERATING IN HONDURAS

Program Service Accomplishments

Program 1

Expenses: $919,523 Revenue: $1,166,484

ADELANTE SERVES 4,000 POOR WOMEN IN RURAL HONDURAS. THE LOAN PORTFOLIO TOTALED $2.1 MILLION IN 2024. THESE LOANS FINANCE SMALL BUSINESSES TO IMPROVE THE WOMENS - AND BY EXTENSION HONDURASS - ECONOMY AND QUALITY OF LIFE. THE FOUNDATION HAS FIVE OFFICES IN THE COUNTRY, THREE OF WHICH ARE ALONG OR NEAR THE NORTH COAST IN THE DEPARTMENT OF ATLANTIDA, ONE IN THE DEPARTMENT OF INTIBUCA AND ONE IN THE DEPARTMENT OF CHOLUTECA. THE ORGANIZATION ALSO PROVIDES ONGOING TRAININGS ON VARIOUS BUSINESS TOPICS TO THE LOAN RECIPIENTS.

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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 $188,066

Program Service Revenue $1,166,484

Investment Income $170

Other Revenue $0

TOTAL REVENUE $1,354,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $647,263

Fundraising Expenses $51,024

Program Expenses $919,523

Other Expenses $529,089

TOTAL EXPENSES $1,176,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,354,720	$1,271,445	+0.1%
Expenses	$1,176,352	$1,139,839	+0.0%
Net Income	$178,368	$131,606	+0.4%

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

Employees

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
LINDSEY DOOLITTLE	DIRECTOR/BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
RICH MUSAT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KENDALL	DIRECTOR	2.00	Director	$0	$0	$0
RICH LANG	DIRECTOR/TREASURER	5.00	Officer Director	$0	$0	$0
DAVID FLEMING	DIRECTOR	2.00	Director	$0	$0	$0
GINA CAPPUCCITTI	DIRECTOR/COMPLIANCE CHAIR	5.00	Officer Director	$0	$0	$0
JANET LAUTENBERGER	DIRECTOR/SECRETARY	5.00	Officer Director	$0	$0	$0
ANTHONY STONE	DIRECTOR/FOUNDER	2.00	Director	$0	$0	$0
SUE VANDERBERG	DIRECTOR	2.00	Director	$0	$0	$0
BECKY MASSIE	DIRECTOR	2.00	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	$1,354,720	$1,176,352	$2,607,900	$178,368
2023	$1,271,445	$1,139,839	$2,492,860	$131,606
2022	$1,060,392	$1,011,670	$2,294,344	$48,722
2021	$1,061,770	$923,559	$2,188,726	$138,211
2020	$894,170	$1,083,188	$2,098,055	$-189,018
2019	$1,206,507	$1,135,244	$2,324,885	$71,263