PUERTO RICO HOSPITAL ASSOCIATION

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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

1942

Legal Domicile

Principal Officer

JAIME PLA CORTES

Phone

7877640290

Tax Period

2024-01-01 to 2024-12-31

PUERTO RICO HOSPITAL ASSOCIATION, founded in 1942, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.2M left a modest 9% surplus.

Mission

AN ASSOCIATION COMMITTED TO REPRESENT HEALTH CARE INSTITUTIONS AND ASSOCIATES AND TO ENSURE THE QUALITY OF THE SERVICES OFFERED

Program Service Accomplishments

Program 1

Expenses: $2,171,484 Revenue: $2,385,941

AN ASSOCIATION COMMITTED TO REPRESENT HEALTH CARE INSTITUTIONS AND ASSOCIATES AND TO ENSURE THE QUALITY OF THE SERVICES OFFERED

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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 $617,953

Program Service Revenue $1,572,950

Investment Income $159,023

Other Revenue $36,015

TOTAL REVENUE $2,385,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $724,253

Fundraising Expenses $0

Program Expenses $2,171,484

Other Expenses $1,447,231

TOTAL EXPENSES $2,171,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,385,941	$2,667,253	-0.1%
Expenses	$2,171,484	$2,155,890	+0.0%
Net Income	$214,457	$511,363	-0.6%

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

N/A

Employees

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

$117,000

Total Directors

$160,879

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME PLA CORTES	CEO	40	Director	$144,379	$16,500	$160,879
Yarisis Centeno Saunders	DIRECTOR - ADMINISTRATION	40	Officer	$58,800	$6,000	$64,800
REY CLAUDIO	FINANCE DIRECTOR	40	Officer	$43,350	$8,850	$52,200
RAFAEL AVARADO NORIEGA	PRESIDENT-BOARD	0	Officer	$0	$0	$0
JORGE TORRES OTERO	TREASURER	0	Officer	$0	$0	$0
MARTA RIVERA PLAZA	SECRETARY	0	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
2024	$2,385,941	$2,171,484	$4,565,145	$214,457
2023	$2,667,253	$2,155,890	$4,456,115	$511,363
2022	$2,478,369	$2,943,590	$4,039,596	$-465,221
2021	$3,046,835	$2,874,095	$4,272,268	$172,740
2020	$2,167,420	$1,959,006	$4,824,585	$208,414
2019	$1,969,795	$1,778,862	$3,343,220	$190,933
2018	$1,957,966	$1,839,135	$3,025,278	$118,831