BORICUA COLLEGE (EIN 510175975) - 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

1974

Legal Domicile

Principal Officer

Victor Alicea

Phone

2126941000

Tax Period

2024-07-01 to 2025-06-30

BORICUA COLLEGE, founded in 1974, is a community nonprofit in the Education sector that reported $9.0M in total revenue in fiscal year 2024. Expenses of $11.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

Boricua College is committed to the principle that culture cannot be separated from education. Boricua aims to provide a solid foundation through individualized programs.

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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 $1,175,377

Program Service Revenue $7,544,153

Investment Income $18,880

Other Revenue $239,891

TOTAL REVENUE $8,978,301

Expense Breakdown

Grants Paid $274,834

Salaries & Benefits $6,724,566

Fundraising Expenses $0

Program Expenses $8,485,931

Other Expenses $4,283,061

TOTAL EXPENSES $11,282,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,978,301	$9,064,631	0.0%
Expenses	$11,282,461	$11,651,130	0.0%
Net Income	$-2,304,160	$-2,586,499	-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

Governance

Voting Members

Independent Members

Employees

197

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

$545,908

Total Directors

$173,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Victor G Alicea PhD	President	40.0	Officer Director	$151,503	$22,051	$173,554
John Guzman	VP & Dean of Academic Affairs	40.0	Officer	$74,919	$20,957	$95,876
Francia Castro	VP for Human Resources and Per	40.0	Officer	$74,919	$20,061	$94,980
Irving Ramirez	VP & Dean of Academic Affairs	40.0	Officer	$72,611	$20,279	$92,890
Elias Oyola	CFO	40.0	Officer	$68,045	$20,563	$88,608
Benito Fernandez	Chairperson	1.0	Officer Director	$0	$0	$0
A Paul Blano	Secretary/Treasuer	1.0	Officer Director	$0	$0	$0
Luis A Gonzalez	Trustee	1.0	Director	$0	$0	$0
Elizabeth Velez	Chair, Development Committee	1.0	Officer Director	$0	$0	$0
Suleika Cabrera Drinane	Trustee	1.0	Director	$0	$0	$0
Ralina M Cardona	Trustee	1.0	Director	$0	$0	$0
Jose R Sanchez	Trustee	1.0	Director	$0	$0	$0
Maria Ortega	Chair, Education Committee	1.0	Officer Director	$0	$0	$0
Carlos J Cuevas	TRUSTEE	1.0	Director	$0	$0	$0
Rita DiMartino	Trustee	1.0	Director	$0	$0	$0
Jorge L Batista	Trustee	1.0	Director	$0	$0	$0
Scott Quintero	Trustee	1.0	Director	$0	$0	$0
Jessica Arocho	Trustee	1.0	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	$8,978,301	$11,282,461	$46,962,942	$-2,304,160
2024	$9,064,631	$11,651,130	$49,649,094	$-2,586,499
2023	$7,204,029	$11,901,807	$52,572,386	$-4,697,778
2022	$9,310,938	$12,837,570	$59,386,544	$-3,526,632
2021	$15,043,210	$12,981,558	$72,633,794	$2,061,652
2020	$10,144,788	$11,592,619	$72,171,436	$-1,447,831
2019	$9,340,055	$12,404,445	$72,241,712	$-3,064,390
2018	$39,339,144	$14,874,914	$76,543,973	$24,464,230

BORICUA COLLEGE