COMITE OLIMPICO DE PR INC (EIN 660319546) - 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

1966

Phone

7877233890

Tax Period

2024-01-01 to 2024-12-31

COMITE OLIMPICO DE PR INC, founded in 1966, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024. Expenses of $15.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ENTITY'S MISSION IS THE TRAINING AND DEVELOPMENT OF HIGH PERFORMANCE ATHLETES FOR THE REPRESENTATION OF PR IN INTERNATIONAL SPORTS COMPETITIONS. ALSO, THE ENTITY PROVIDES FINANCIAL ASSISTANCE AND FACILITIES FOR TRAINING TO ATHLETES AND THEIR FEDERATIONS.

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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 $11,941,514

Program Service Revenue $0

Investment Income $30,834

Other Revenue $360,740

TOTAL REVENUE $12,333,088

Expense Breakdown

Grants Paid $2,579,135

Salaries & Benefits $1,287,487

Fundraising Expenses $0

Program Expenses $12,404,376

Other Expenses $11,256,510

TOTAL EXPENSES $15,123,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,333,088	$12,610,711	0.0%
Expenses	$15,123,132	$17,747,600	-0.1%
Net Income	$-2,790,044	$-5,136,889	-0.5%

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

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

$100,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA ROSARIO VELEZ	PRESIDENT	40	Officer	$100,600	$0	$100,600
VICTOR RUIZ	FIRST VICE PRESIDENT	1	Director	$0	$0	$0
IVAN SANTOS	SECOND PRESIDENT	1	Director	$0	$0	$0
CARLOS J BELTRAN	GENERAL SECRETARY	1	Director	$0	$0	$0
BETSMARA CRUZ	DEPUTY SECRRETARY	1	Director	$0	$0	$0
HUMBERTO TORRES	TREASURY	1	Director	$0	$0	$0
MILDRED COLON	DEPUTY TREASURER	1	Director	$0	$0	$0
MELISSA MOJICA	ATHLETE DELEGATE	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
2024	$12,333,088	$15,123,132	$5,753,429	$-2,790,044
2023	$12,610,711	$17,747,600	$8,649,106	$-5,136,889
2022	$11,245,976	$11,288,702	$13,304,502	$-42,726
2021	$4,694,867	$20,081,297	$13,590,318	$-15,386,430
2020	$4,658,203	$5,358,201	$29,039,480	$-699,998
2019	$5,810,385	$8,503,279	$30,113,317	$-2,692,894

COMITE OLIMPICO DE PR INC