ASOCIACION HECHO EN PUERTO RICO INC

EIN: 660262723 Community Improvement

SAN JUAN, PR

Total Revenue
$2,043,250
Total Expenses
$2,029,707
Total Assets
$1,599,755
Net Assets
$845,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
PR
Principal Officer
Carmen Ramirez
Phone
7877538484
Tax Period
2024-03-01 to 2025-02-28

ASOCIACION HECHO EN PUERTO RICO INC, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

TO PROMOTE LOCAL PUERTO RICO PRODUCTS AND SERVICES CONSUMPTION AND PRODUCTION, THROUGH EXHIBITIONS, SEMINARS AND OTHER RELATED ACTIVITIES.

Program Service Accomplishments

Program 1
Expenses: $158,779 Revenue: $111,764

EXHIBITIONS AND FAIRS CARRIED OUT TO EXHIBIT LOCALLY MADE PRODUCTS AND SERVICES. THESE ACTIVITIES ARE HELD FOR THE GENERALPUBLIC WHO HAS THE OPPORTUNITY TO SEE ALL PRODUCTS AND SERVICES MADE IN...

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EXHIBITIONS AND FAIRS CARRIED OUT TO EXHIBIT LOCALLY MADE PRODUCTS AND SERVICES. THESE ACTIVITIES ARE HELD FOR THE GENERALPUBLIC WHO HAS THE OPPORTUNITY TO SEE ALL PRODUCTS AND SERVICES MADE IN PUERTO RICO. THESE MEMBERS MAKE CONTACTS WITHIN THEM TO SELL THEIR PRODUCTS AND SERVICES.

Program 2
Expenses: $317,734 Revenue: $316,459

SEMINARS, FORUMS AND PROMOTION ACTIVITIES. ACTIVITIES CARRIED OUT TO INFORM MEMBERS AND GENERAL PUBLIC OF NEW LEGISLATION FOR INDUSTRIES AND GENERAL BUSINESSES. PROMOTES REUNIONS BETWEEN...

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SEMINARS, FORUMS AND PROMOTION ACTIVITIES. ACTIVITIES CARRIED OUT TO INFORM MEMBERS AND GENERAL PUBLIC OF NEW LEGISLATION FOR INDUSTRIES AND GENERAL BUSINESSES. PROMOTES REUNIONS BETWEEN MANUFACTURERS AND SERVICES PROVIDERS WITH THE GOBERMENTAL AGENCIES AND OUT OF TOWN ENTREPENEURS FOR POTENTIAL BUSINESS ACTIVITIES.

Program 3
Expenses: $252,886 Revenue: $422,900

ANNUAL MEMBERS MEETINGS ITS MAIN PURPOSE IS TO PROMOTE LOCALLY MADE PRODUCTS AND SERVICES BY OFFERING SEMINARS AND CONFERENCE TO COVERS VARIOUS THEME, INCLUDING NEW LEGISLATIONS AND REGULATIONS FOR...

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ANNUAL MEMBERS MEETINGS ITS MAIN PURPOSE IS TO PROMOTE LOCALLY MADE PRODUCTS AND SERVICES BY OFFERING SEMINARS AND CONFERENCE TO COVERS VARIOUS THEME, INCLUDING NEW LEGISLATIONS AND REGULATIONS FOR THE INDUSTRY. DURING THE CONVENTION, AN AWARD ACTIVITY ID HELD TO RECOGNIZE THE QUALITY AND EXCELLENT OF VARIOUS COMPANIES FOR THEIR PRODUCTS AND SERVICES MADE IN PUERTO RICO. INSTITUTIONAL ADVERTISING CAMPAIGN INCLUDING PRESS RELEASES, MEETINGS, RADIO PROGRAM SPORTS AND A WEBSITE TO PROMOTE LOCALLY MADE IN PRODUCTS AND SERVICES IN BEHALF OF THE MEMBERS, FREE OF CHARGE.

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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 $1,083,095
Program Service Revenue $904,351
Investment Income $1,046
Other Revenue $54,758
TOTAL REVENUE $2,043,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $335,930
Fundraising Expenses $0
Program Expenses $1,637,258
Other Expenses $1,693,777
TOTAL EXPENSES $2,029,707

Year-over-Year Comparison

2024 2023 Change
Revenue $2,043,250 $1,959,363 +0.0%
Expenses $2,029,707 $1,964,533 +0.0%
Net Income $13,543 $-5,170 -3.6%
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
15
Independent Members
15
Employees
5
Volunteers
10

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
5
$143,099
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA BERRIOS EXECUTIVE DIRECTOR 40
Officer
$75,300 $0 $75,300
CARMEN RAMIREZ ADMINISTRATOR 40
Officer
$57,803 $9,996 $67,799
MARTA RODRIGUEZ TREASURER 8
Officer
$0 $0 $0
JORGE RAMIREZ DIRECTOR 8
Officer
$0 $0 $0
SALVADOR RAMIREZ CARDONA SECRETARY 8
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 $2,043,250 $2,029,707 $1,599,755 $13,543
2024 $1,959,363 $1,964,533 $1,594,366 $-5,170
2023 $2,183,087 $1,985,412 $1,625,075 $197,675
2022 $1,992,810 $1,826,306 $1,590,395 $166,504
2021 $1,421,322 $1,314,744 $998,444 $106,578
2020 $1,470,439 $1,457,458 $943,106 $12,981
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