PUERTO RICAN SOCIETY

EIN: 366127344

WAUKEGAN, IL

Total Revenue
$53,313
Total Expenses
$77,561
Total Assets
$232,140
Net Assets
$229,640
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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
1957
Legal Domicile
IL
Principal Officer
CARMELO RIVERA
Phone
8476621459
Tax Period
2019-01-01 to 2019-12-31

PUERTO RICAN SOCIETY, founded in 1957, is a micro nonprofit that reported $53K in total revenue in fiscal year 2019. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 45% operating deficit.

Mission

ASSIST MEMBERS IN EMERGENCY SITUATION - CONTRIBUTION TO MEMBERS FOR FUNERAL EXPENSES - SCHOLARSHIPS GIVEN FOR HIGHER EDUCATION

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $31,119
Program Service Revenue $7,465
Investment Income $6
Other Revenue $14,723
TOTAL REVENUE $53,313

Expense Breakdown

Grants Paid $10,500
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $61,261
TOTAL EXPENSES $77,561

Year-over-Year Comparison

2019 2018 Change
Revenue $53,313 $91,745 -0.4%
Expenses $77,561 $118,425 -0.3%
Net Income $-24,248 $-26,680 -0.1%
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

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Governance

Voting Members
93
Independent Members
N/A
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARMELO RIVERA PRESIDENT 040.00
Officer
$0 $0 $0
ANTONIO FIGUEROA VICE PRESIDENT 020.00
Officer
$0 $0 $0
MELBA RIVERA SECRETARY 020.00
Officer
$0 $0 $0
LUCY RIOS COUNSELOR 001.00
Officer
$0 $0 $0
LUCY RIVERA COUNSELOR 001.00
Officer
$0 $0 $0
DIEGO VEGA COMPTROLLER 002.00
Officer
$0 $0 $0
WILSON CRUZ SARGENT AT ARMS 001.00
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
2019 $53,313 $77,561 $232,140 $-24,248
2019 $53,312 $77,561 $232,140 $-24,249
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