PUERTO RICAN CULTURAL CENTER

EIN: 237347778 501(c)(3)

CHICAGO, IL

Total Revenue
$12,499,339
Total Expenses
$11,354,617
Total Assets
$11,247,609
Net Assets
$5,958,473
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
IL
Principal Officer
MARGARET POWER
Phone
7733428022
Tax Period
2022-07-01 to 2023-06-30

PUERTO RICAN CULTURAL CENTER, founded in 1972, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $11.4M left a modest 9% surplus.

Mission

A NON-PROFIT, COMMUNITY-BASED UMBRELLA INSTITUTION, WHICH SEEKS TO SERVE THE SOCIAL/CULTURAL NEEDS OF CHICAGO'S PUERTO RICAN/LATINO COMMUNITY. IT IS BUILT ON THE FOLLOWING PRINCIPLES: A PHILOSOPHY OF SELF-DETERMINATION, A METHODOLOGY OF SELF-ACTUALIZATION AND CRITICAL THOUGHT, AND AN ETHICS OF SELF-RELIANCE BEST EXPRESSED IN THE MOTTO, "TO LIVE AND HELP TO LIVE." THE PUERTO RICAN CULTURAL CENTER (PRCC) IS NAMED AFTER JUAN ANTONIO CORRETJER, THE CELEBRATED PUERTO RICAN NATIONAL POET AND POLITICAL LEADER. IT SERVES AS A PLACE WHERE PEOPLE COME TOGETHER TO ADDRESS THE CRITICAL PROBLEMS CONFRONTING THE COMMUNITY AND TO RECOVER THEIR HISTORY, TO SHARE IN THE MUSIC, POETRY AND DRAMA OF PUERTO RICANS BOTH AT HOME AND IN THE DIASPORA. ALL OF THE PRCC'S PROGRAMS ENCOURAGE PARTICIPANTS TO THINK CRITICALLY ABOUT THEIR REALITY, AS WELL AS TO FORMULATE A VISION OF SOCIAL ECOLOGY DEFINED BY BEING HOLISTIC IN CONTENT AND ORGANIC IN NATURE AND TO PROMOTE AN ETHICS OF SELF-RELIANCE BASED ON SOCIAL RESP

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $12,553,409
Program Service Revenue $105,440
Investment Income $462
Other Revenue $-159,972
TOTAL REVENUE $12,499,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,920,421
Fundraising Expenses $110,624
Program Expenses $10,137,750
Other Expenses $3,434,196
TOTAL EXPENSES $11,354,617

Year-over-Year Comparison

2022 2021 Change
Revenue $12,499,339 $9,769,703 +0.3%
Expenses $11,354,617 $8,929,914 +0.3%
Net Income $1,144,722 $839,789 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
484
Volunteers
100

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA A BERRIOS DIRECTOR N/A
Director
$0 $0 $0
VERONICA OCASIO DIRECTOR N/A
Director
$0 $0 $0
ANN PETERSON-KEMP DIRECTOR N/A
Director
$0 $0 $0
MICHAEL RODRIGUEZ DIRECTOR N/A
Director
$0 $0 $0
MICHAEL HANNAN TREASURER N/A
Officer
$0 $0 $0
ALEJANDRO MOLINA SECRETARY N/A
Officer
$0 $0 $0
MARGARET POWER PRESIDENT N/A
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 $12,499,339 $11,354,617 $11,247,609 $1,144,722
2022 $9,769,703 $8,929,914 $9,175,566 $839,789
2021 $8,458,971 $8,109,317 $8,314,158 $349,654
2020 $5,965,619 $6,082,897 $8,925,280 $-117,278
2019 $6,036,751 $5,807,598 $8,316,847 $229,153
2018 $5,891,451 $6,451,224 $7,741,420 $-559,773
Explore More Nonprofits
Top 100 Nonprofits in Illinois Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PUERTO RICAN CULTURAL CENTER with other nonprofits in Illinois and across the country.