Puerto Rican Action Committe of So… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

Ralph Padilla

Phone

8562995800

Tax Period

2024-01-01 to 2024-12-31

Puerto Rican Action Committe of Southern NJ Inc, founded in 1971, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 7% surplus.

Mission

To serve the Hispanic residents and low income communities of southern NJ by planning, implementing, and operating programs designed to improve their social, economic, and educational status.

Program Service Accomplishments

Program 1

Expenses: $1,353,626 Revenue: $0

Housing: various programs that provide housing / shelter assistance for low-income households, seniors,and the homeless. The Organization runs marketing campaigns and application assistance to help low-income households with energy cost through both the LIHEAP and USF programs. The Organizations lead programs offer assistance to low- to moderate-income households with the removal of lead-based hazards.

Program 2

Expenses: $678,095 Revenue: $513,372

Social: the Organiztions runs several resource centers that promote cultural diversity and fostering relationships with the entire community through social assisstance (transportation and...

Social: the Organiztions runs several resource centers that promote cultural diversity and fostering relationships with the entire community through social assisstance (transportation and translation), training (english as second language and occupational courses), and mentorship (teens and expectant mothers).

Program 3

Expenses: $423,850 Revenue: $0

Health: various programs to incraease health awareness, to improve access to healthcare, and to increase communication and outreach efforts regarding COVID and other vaccines.

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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 $2,238,509

Program Service Revenue $513,432

Investment Income $0

Other Revenue $-7,032

TOTAL REVENUE $2,744,909

Expense Breakdown

Grants Paid $421,107

Salaries & Benefits $1,665,414

Fundraising Expenses $6,886

Program Expenses $2,455,571

Other Expenses $462,445

TOTAL EXPENSES $2,548,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,744,909	$2,215,468	+0.2%
Expenses	$2,548,966	$2,299,944	+0.1%
Net Income	$195,943	$-84,476	-3.3%

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

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

$322,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Geovanni Cantizano	COO - Lead Programs	40.00	Officer	$64,800	$0	$64,800
Elliot Hernandez	CEO	40.00	Officer	$61,037	$0	$61,037
Luis Reyes	CFO	40.00	Officer	$60,000	$0	$60,000
Joceline Ortiz	COO - Resource Center	40.00	Officer	$59,052	$0	$59,052
Dean Agosto	CFO (Retired)	35.00	Officer	$58,590	$0	$58,590
Ralph Padilla	CEO (Deceased)	0.00	Officer	$18,750	$0	$18,750
Steven Torres	Board President	5.00	Director	$0	$0	$0
Brian Timberman	Board Vice President	5.00	Director	$0	$0	$0
Andres Lopez	Board Treasurer	5.00	Director	$0	$0	$0
Ernesto Ortiz	Board Secretary	5.00	Director	$0	$0	$0
Shannon Leonen	Board Member	5.00	Director	$0	$0	$0
Mayra Arroyo	Board Member	5.00	Director	$0	$0	$0
Maribel Bermudez	Board Member	5.00	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	$2,744,909	$2,548,966	$702,554	$195,943
2023	$2,215,468	$2,299,944	$993,267	$-84,476
2022	$1,186,379	$1,066,266	$455,643	$120,113
2021	$892,705	$900,548	$319,333	$-7,843
2020	$827,785	$855,043	$620,486	$-27,258
2019	$645,540	$710,214	$636,284	$-64,674

Puerto Rican Action Committe of Southern NJ Inc