Fundacion Alma De Bahia
Nonprofit profile at a glance
- EIN
- 660830558
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- Rio Grande, PR, USA
- Phone
- 7878098843
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Wildlife Preservation, Protection
Reported finances
- Revenue
- $399,149
- Expenses
- $345,977
- Assets
- $176,705
- Liabilities
- $4,432
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Rolando Padua (President)
- Marcela Canon (Executive Director)
- Federico Sanchez (Vice President)
Highest reported compensation
- Rolando Padua (President): $811,000 total reported compensation
- Ivan Baez (Treasurer): $232,932 total reported compensation
- Marcela Canon (Executive Director): $103,969 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Environmental, educational, community and charity association. Promotes the protection of natural resources and wildlife, contributing to community and local sustainability through conservation initiatives, environmental education, social responsibility and community work.
What it reported doing in 2024
Community Programs: The Foundation works together and provides support for community and community organizations like the mistreated girls home "Hogar Teresa Toda", Centro Esperanza, the Boys and Girls Club of Loiza, El Yunque Elderly home, Centro Providencia, Hong Kong neighborhood, mini mini community in Loiza, etc. In initiatives related to recovery of areas, elements and materials for the participants, volunteer activities. Support environmental planning and conservation initiatives to promote sustainability in the region, participating on the North East Trail System in the Trail development Team, the Fundación Amigos del Yunque, on the "El Yunque National Forest" Management Plan and the Consulting Committee of Public Participation of "El Yunque", and founding members of the "Regional Centers of Expertise on Sustainability" REDes.
Operating model
- Revenue model
- Affiliate-supported. 69% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 65
- Accountability: 43
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.5%; rating input score 75
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 16th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.3%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 0.51; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 36.8% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 10.5% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 75.5% of revenue deployed · 87% of spending went to programs
- Governance: 2 of 4 board members independent · 3 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $301K in reported program spending
- Leadership: top reported pay $811K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 17 of 17 current checks pass
- Schedules: 4 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.