CARAS OF THE AMERICAS

EIN: 421628144 501(c)(3) International Affairs

SAN JUAN, PR

Total Revenue
$7,724,002
Total Expenses
$4,349,467
Total Assets
$4,745,911
Net Assets
$4,313,569
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
PR
Principal Officer
MICHAEL FERNANDEZ
Phone
7872352151
Tax Period
2024-07-01 to 2025-06-30

CARAS OF THE AMERICAS, founded in 2016, is a community nonprofit in the International Affairs sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 44% operating margin.

Mission

Caras of the Americas was formed to promote international collaboration and exchange among all people of the Western Hemisphere; to promote grassroots development; to contribute to the improved provision of the education and health services; to encourage civic participation and progress; to empower through learning and action.

Program Service Accomplishments

Program 1
Expenses: $3,095,068 Revenue: $0

a. Education Services: We continued to coordinate afterschool programs for underprivileged children to provide improved provisions of the education services. We offer academic tutoring, arts, crafts...

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a. Education Services: We continued to coordinate afterschool programs for underprivileged children to provide improved provisions of the education services. We offer academic tutoring, arts, crafts, sports, mentoring, collegue prep,etc. A reading marathon and carnival were held with schools and tutoring centers to foster a love of reading among students. Mothers actively participated as volunteers in readings, involving families and faculty in the activities. These initiatives have received recognition for their contribution to students' academic, social, and emotional progress. There were 484 participants and 19 parent volunteers. A career day event was organized by tenth-grade students from Rosalina Caraballo, Francisco Oller schools. Over 40 distinguished professionals participated to share their experiences with the young people, allowing them to explore career options, discover new passions, and inspire their academic and professional futures. The comprehensive development of 296 students from Cataño and northern Guaynabo is promoted, 95% of whom live in poverty and 35% are in special education. The school received the Full Service Community School (FSCS) award, highlighting our commitment to comprehensive services and community activities. Students completed 4,500 hours of community service. Summer internships were held in collaboration with law firms in Puerto Rico, allowing 25 students to explore legal and business careers. Fifty-five percent of students participated in activities such as public speaking, robotics, and sports, accumulating 4,441.50 contact hours.

Program 2
Expenses: $348,991 Revenue: $0

Ecology- With the raices urbanas project we provided more than 5,774.50 contact hours with 1,055 participants and 3,389 hours by 366 volunteers. Our organization played a prominent role in the...

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Ecology- With the raices urbanas project we provided more than 5,774.50 contact hours with 1,055 participants and 3,389 hours by 366 volunteers. Our organization played a prominent role in the Teachers for the Planet catalog presented at the UN COP28, where we contributed innovative educational solutions to climate change and positioned ourselves as leaders in environmental education globally. Data were collected at strategic locations in the Cienaga Las Cucharillas Natural Reserve and surrounding communities in Cataño and Guaynabo, enabling the creation of a public database. Urban spaces were revitalized with native and endemic trees, promoting biodiversity and mitigating the effects of climate change. 310 trees were planted.

Program 3
Expenses: $159,131 Revenue: $0

Community-Our community-based approach is designed to strengthen support networks, improve residents' living conditions, and foster local leadership. Several programs have been implemented to empower...

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Community-Our community-based approach is designed to strengthen support networks, improve residents' living conditions, and foster local leadership. Several programs have been implemented to empower community leaders and improve the overall well-being of the most vulnerable, from the elderly to the young. A total of 219 social cases were managed, with 304 participants and 5,614 contact hours. A team of volunteers and community leaders distributed 9,402 meals to children, youth, and the elderly. Seniors were given excursions to various locations in Puerto Rico, promoting their well-being through recreational activities and healing therapies.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,611,893
Program Service Revenue $112,109
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,724,002

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,103,341
Fundraising Expenses $54,293
Program Expenses $3,852,411
Other Expenses $1,246,126
TOTAL EXPENSES $4,349,467

Year-over-Year Comparison

2024 2023 Change
Revenue $7,724,002 $3,681,701 +1.1%
Expenses $4,349,467 $4,683,217 -0.1%
Net Income $3,374,535 $-1,001,516 -4.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
147
Volunteers
820

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
1
$81,099
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL EXECUTIVE DIRECTOR 40
Officer
$81,099 $0 $81,099
JOSE H SANTIAGO PRESIDENT 1
Director
$0 $0 $0
RAFAEL TORO ARSUAGA SECRETARY 1
Director
$0 $0 $0
MARIEMI SIERRA VOCAL 1
Director
$0 $0 $0
LIZZETTE QUINONES VOCAL 1
Director
$0 $0 $0
MONIQUE LUGO VOCAL 1
Director
$0 $0 $0
MARIA E SOTO MAINARDI VOCAL 1
Director
$0 $0 $0
HILDA RODRIGUEZ VOCAL 1
Director
$0 $0 $0
PAOLA PEREZ SURILLO VOCAL 1
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
2025 $7,724,002 $4,349,467 $4,745,911 $3,374,535
2024 No data No data No data No data
2023 $3,751,615 $4,040,277 $2,315,286 $-288,662
2022 $3,669,880 $3,126,921 $2,375,553 $542,959
2021 $765,235 $665,620 $2,083,899 $99,615
2020 $1,203,403 $818,313 $1,964,195 $385,090
2019 $1,288,347 $821,590 $1,140,131 $466,757
2018 $1,036,612 $456,857 $700,446 $579,755
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