PUERTO RICAN UNITY FOR PROGRESS INC (EIN 222158431) - 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

1976

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

8565411418

Tax Period

2023-01-01 to 2023-12-31

PUERTO RICAN UNITY FOR PROGRESS INC, founded in 1976, is a small nonprofit that reported $167K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO PROMOTE IMPROVED ACCESS TO ECONOMIC, EDUCATIONAL, SOCIAL AND CULTURAL OPPORTUNITIES AND RESOURCES FOR LOW INCOME INDIVIDUALS AND THEIR FAMILIES IN CAMDEN COUNTY NJ, WITH SPECIAL EMPHASIS ON THE HISPANIC POPULATION OF CAMDEN CITY NJ.

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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 $167,239

Program Service Revenue $0

Investment Income $21

Other Revenue $0

TOTAL REVENUE $167,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,507

Fundraising Expenses $0

Program Expenses $204,438

Other Expenses $125,384

TOTAL EXPENSES $270,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,260	$218,497	-0.2%
Expenses	$270,891	$253,239	+0.1%
Net Income	$-103,631	$-34,742	+2.0%

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

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
CRUZITA CRESPO	TREASURER	2.00	Officer Director	$0	$0	$0
NOHEMI G SORIA-PEREZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENNIS CULMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOANNA NICASIO	MEMBER	2.00	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
2023	$167,260	$270,891	$1,929,975	$-103,631
2022	$218,497	$253,239	$2,082,806	$-34,742
2021	$114,836	$231,222	$2,068,348	$-116,386
2020	$227,632	$257,510	$2,184,734	$-29,878
2019	$119,681	$233,046	$2,287,083	$-113,365
2018	$301,304	$324,371	$2,509,569	$-23,067

PUERTO RICAN UNITY FOR PROGRESS INC