PUERTO RICAN FESTIVAL INC (EIN 161454688) - 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

1997

Legal Domicile

Principal Officer

ORLANDO ORTIZ

Phone

5852293210

Tax Period

2023-01-01 to 2023-12-31

PUERTO RICAN FESTIVAL INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $320K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $286K left a modest 11% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS FOCUSED ON SERVING ALL OF THE ARTISTIC AND CULTURAL NEEDS OF THE HISPANIC COMMUNITY IN UPSTATE, NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $174,094

Program Service Revenue $146,107

Investment Income $0

Other Revenue $0

TOTAL REVENUE $320,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,655

Other Expenses $286,032

TOTAL EXPENSES $286,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,201	$232,656	+0.4%
Expenses	$286,032	$292,013	0.0%
Net Income	$34,169	$-59,357	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE RIVERA	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH ROSA	CHILDREN'S ACTIVITIES COOR	1.00	Director	$0	$0	$0
WILMARIE VELEZ	VENDOR COORDINATOR	1.00	Director	$0	$0	$0
NATALIE RODRIGUEZ	PAGEANT DIRECTOR	1.00	Director	$0	$0	$0
ROSALIE REMARAIS	TRAVEL & LODGE COORDINATOR	1.00	Director	$0	$0	$0
IVETTE RAMOS	VOLUNTEER COORDINATOR	1.00	Director	$0	$0	$0
MARIE CORTES	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ORLANDO ORTIZ	PRESIDENT	1.00	Officer	$0	$0	$0
YESENIA RAMOS-TORRES	TREASURER	1.00	Officer	$0	$0	$0
DEANNA MARTINEZ	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$320,201	$286,032	$37,702	$34,169
2022	$232,656	$292,013	$974	$-59,357
2021	$133,407	$103,175	$60,053	$30,232
2020	$25,686	$12,900	$29,819	$12,786
2019	$297,396	$333,378	$17,313	$-35,982
2018	$247,321	$264,341	$53,098	$-17,020

PUERTO RICAN FESTIVAL INC