SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO (EIN 660178704) - 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

1901

Legal Domicile

Principal Officer

JORGE L MATTA SERRANO

Phone

7877582000

Tax Period

2023-10-01 to 2024-09-30

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO, founded in 1901, is a major nonprofit in the Health Care sector that reported $112.8M in total revenue in fiscal year 2023. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 16% operating margin.

Mission

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO (THE COMPANY) HAD BEEN PREVIOUSLY FILING AS A 501 (C) (3) ORGANIZATION. ON APRIL 29, 1992 A NEW NONPROFIT ORGANIZATION WAS CREATED TO CONTINUE PROVIDING THE HOSPITAL AND HEALTH CARE SERVICES PREVIOUSLY PROVIDED UNDER THE LEGAL NAME OF THE COMPANY. ON AUGUST 20, 1992 THIS CHANGE WAS REPORTED TO THE EXEMPT ORGANIZATIONS BRANCH OF THE INTERNAL REVENUE SERVICE. THE IRS WAS INFORMED THAT THE COMPANY WOULD BECOME A CONTROLLING AFFILIATE THAT WOULD OWNED THE REAL PROPERTY AND WOULD TRANSFER ITS FUNDS (INCOME LESS EXPENSES) FOR USE IN A MANNER CONSISTENT WITH THE EXEMPTION. ON SEPTEMBER 30, 1992 THE IRS INFORMED THAT THE COMPANY IS NOT REQUIRED TO FILE A NEW APPLICATION FOR TAX EXEMPTION AS A TITLE HOLDING CORPORATION. THE COMPANY ALSO ADMINISTERS A HEALTH PLAN UNDER WHICH INDIVIDUALS IN THE COMMUNITY (WITHOUT EXCEPTIONS) MAY BECOME MEMBERS WITH THE RIGHT TO RECEIVE HOSPITAL AND HEALTH CARE SERVICES AT THE FACILITIES OF HOSPITAL E

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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 $1,365,361

Program Service Revenue $81,451,400

Investment Income $3,657,836

Other Revenue $26,357,111

TOTAL REVENUE $112,831,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,896,873

Fundraising Expenses $0

Program Expenses $55,458,668

Other Expenses $68,063,383

TOTAL EXPENSES $94,960,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,831,708	$43,031,376	+1.6%
Expenses	$94,960,256	$40,158,975	+1.4%
Net Income	$17,871,452	$2,872,401	+5.2%

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

573

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
LUIS E CID ABRADELO	VOWELS	N/A	Director	$0	$0	$0
EMILIO TORRES ANTUANO	VOWELS	N/A	Director	$0	$0	$0
ROBERTO SANTANA APARICIO	VOWELS	N/A	Director	$0	$0	$0
JESUS M LOPEZ ARGUELLO	VOWELS	N/A	Director	$0	$0	$0
JUAN BAUZA LOPEZ DE AZUA	VOWELS	N/A	Director	$0	$0	$0
ADOLFO TRAPOTE CARLN	VICE - PRESI	N/A	Director	$0	$0	$0
RAFAEL A VIL CARRIN	VOWELS	N/A	Director	$0	$0	$0
JUAN M ALVEREZ CARTAA	VOWELS	N/A	Director	$0	$0	$0
JESS VARGAS DOMNGUEZ	VOWEL	N/A	Director	$0	$0	$0
ELOY GUTIERREZ FERNNDEZ	VOWELS	N/A	Director	$0	$0	$0
ENRIQUE FIERRES GONZLEZ	PRESIDENT	N/A	Director	$0	$0	$0
ALFREDO VINCENTY HERES	VOWELS	N/A	Director	$0	$0	$0
JOSE M GMEZ LEN	VP & TREASUR	N/A	Director	$0	$0	$0
FRANCISCO CARBALLO LOSADA	VICE-PRESIDE	N/A	Director	$0	$0	$0
JUAN LEIZN LPEZ	VICE-PRESIDE	N/A	Director	$0	$0	$0
MARISABEL ALCALDE MARROIG	VOWELS	N/A	Director	$0	$0	$0
NILSA I RODRIGUEZ MARTORELL	SUB-SECRETAR	N/A	Director	$0	$0	$0
TELESFORO FERNNDEZ MARTNEZ	VOWELS	N/A	Director	$0	$0	$0
JOSE GIL-RODRIGO MONTANER	VOWELS	N/A	Director	$0	$0	$0
JOAQUIN QUIOY ORTIZ	VOWELS	N/A	Director	$0	$0	$0
CASIMIRO DE LA TORRE PAMPLIEGA	SECRETARY	N/A	Director	$0	$0	$0
BERNARDO BUSTO PREZ	VOWELS	N/A	Director	$0	$0	$0
CESAR SANTOS RIVERA	VOWELS	N/A	Director	$0	$0	$0
SANDRA CABANILLAS RIVERA	VOWELS	N/A	Director	$0	$0	$0
JOS VARGAS RODRGUEZ	VOWELS	N/A	Director	$0	$0	$0
RAMON DELGADO RUIBAL	VICE-PRESIDE	N/A	Director	$0	$0	$0
FERNANDO DEL LLANO SOBRINO	SUB-TREASURE	N/A	Director	$0	$0	$0
ANGEL COCERO SNCHEZ	VICE- PRESID	N/A	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
2024	$112,831,708	$94,960,256	$294,358,007	$17,871,452
2023	$43,031,376	$40,158,975	$224,233,502	$2,872,401
2022	$41,635,259	$39,199,529	$221,119,442	$2,435,730
2021	$42,942,928	$39,305,018	$207,394,856	$3,637,910
2020	$44,251,069	$39,607,436	$208,508,725	$4,643,633
2019	$49,135,739	$39,989,295	$207,876,478	$9,146,444
2018	$42,008,225	$39,634,211	$188,573,281	$2,374,014

SOCIEDAD ESPAOLA DE AUXILIO MUTUO Y BENEFICENCIA DE PUERTO RICO