PUERTO RICAN WORKSHOP 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

1970

Legal Domicile

Principal Officer

MARCOS DIMAS

Phone

6464082628

Tax Period

2024-07-01 to 2025-06-30

PUERTO RICAN WORKSHOP INC, founded in 1970, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $97K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $364K exceeded revenue, resulting in a 277% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO ENCOURAGE THE STUDY OF HISPANIC ARTS THROUGH WORKSHOPS, SEMINARS AND COOPERATIVE EVENTS.

Program Service Accomplishments

Program 1

Expenses: $345,542

THE ORGANIZATION HOSTS MONTHLY ART EXHIBITIONS WITH FREE ADMISSIONS. THESE EVENTS ALLOW PARTICIPATING ARTISTS TO DISPLAY THEIR WORKS TO ENHANCE HISPANIC CULTURAL AWARENESS TO LOCAL COMMUNITIES. THE ORGANIZATION ALSO OFFERS EDUCATION AND TRANING TO PROMOTE ARTISTIC TRADITION OF PRINT MAKING, WHICH ARE TAUGHT WITH THE FOCUS ON ART HISTORY AND FINE PRINT MAKING TECHNIQUES.

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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 $96,502

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,306

Fundraising Expenses $2,970

Program Expenses $345,542

Other Expenses $159,447

TOTAL EXPENSES $363,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,502	$165,032	-0.4%
Expenses	$363,723	$501,198	-0.3%
Net Income	$-267,221	$-336,166	-0.2%

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

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
DAN COMAS	CHAIRPERSON	5.00	Director	$0	$0	$0
MARCOS DIMAS	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
JOSE CARRERO	TREASURER	25.00	Director	$0	$0	$0
NITZA TUFINO	SECRETARY	25.00	Director	$0	$0	$0
JESUS MUNIZ	OFFICER	25.00	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
2025	$96,502	$363,723	$988,250	$-267,221
2024	$165,032	$501,198	$1,311,213	$-336,166
2023	$109,317	$442,910	$1,644,212	$-333,593
2022	$117,648	$451,851	$1,969,453	$-334,203
2021	$33,384	$430,385	$2,487,986	$-397,001