INSTITUTO DE EDUCACION PRACTICA DEL COLEGIO DE ABOGADOS DE PUERTO RICO (EIN 660387940) - 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

1979

Legal Domicile

Principal Officer

Emily Colon

Phone

7877213358

Tax Period

2023-01-01 to 2023-12-31

INSTITUTO DE EDUCACION PRACTICA DEL COLEGIO DE ABOGADOS DE PUERTO RICO, founded in 1979, is a small nonprofit that reported $333K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $408K exceeded revenue, resulting in a 23% operating deficit.

Mission

Provide continued professional education programs and seminars to lawyers in Puerto Rico.

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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 $16,646

Program Service Revenue $312,850

Investment Income $1,104

Other Revenue $1,915

TOTAL REVENUE $332,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,912

Fundraising Expenses $0

Program Expenses $226,934

Other Expenses $227,016

TOTAL EXPENSES $407,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,515	$379,653	-0.1%
Expenses	$407,928	$395,830	+0.0%
Net Income	$-75,413	$-16,177	+3.7%

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

Total Directors

Key Employees

$69,150

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Colon	Executive Director	40	Key Emp	$69,150	$0	$69,150
Manuel Quilichini	President	1	Director	$0	$0	$0
Angela Oquendo	Secretary	1	Director	$0	$0	$0
Jose Montalvo	Director	1	Director	$0	$0	$0
Alejandro Torres	Director representing CAAPR Board	1	Director	$0	$0	$0
Ismael Ramos	Director	1	Director	$0	$0	$0
Wilbert Lopez	Director	1	Director	$0	$0	$0
Nelson Cordova	Director	1	Director	$0	$0	$0
Sonia Torres	Director	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
2023	$332,515	$407,928	$574,689	$-75,413
2022	$379,653	$395,830	$643,253	$-16,177
2021	$340,225	$395,800	$621,089	$-55,575

INSTITUTO DE EDUCACION PRACTICA DEL COLEGIO DE ABOGADOS DE PUERTO RICO