Grupo Nexos, Inc.

Responsible Entity: Grupo Nexos, Inc. – Finance Department and Program Management Condition Reported: Late submission of Federal Financial Reports (SF-425), Quarterly Financial Status Reports, and subaward reports under the Federal Funding Accountability and Transparency Act (FFATA) for the following programs:  93.297 Adolescent Pregnancy Prevention Program (PROSa)  93.310 Trans – NIH Research Support Program Identified Cause:  Lack of internal monitoring procedures to ensure compliance with submission deadlines.  Resignation of the authorized staff responsible for submitting FFATA reports and delays in obtaining access to the SAM platform. Corrective Actions to be Implemented: Designation of Responsible Parties: o Develop a formal process to monitor the preparation, review, and submission of all financial and subaward reports, designating a responsible person for each activity and establishing backups to ensure operational continuity.  Compliance Calendar: o Implement an electronic calendar with the due dates of FFRs, quarterly reports, and FFATA submissions, with automated alerts 15 and 7 days prior to the deadlines.  Internal Review and Approval: o Require review and approval by the Chief Financial Officer prior to the submission of any report. Staff Training: o Provide annual training for finance and program staff on reporting requirements under 2 CFR 200 and FFATA.  Documentation and Filing: o Maintain evidence of submission and acknowledgments of receipt of all reports in a centralized electronic file accessible for future audits. Estimated Implementation Date: All actions will be fully implemented no later than December 31, 2025.