CORPORACION PARA EL DESARROLLO DEL OESTE INC

EIN: 660416567

Mayaguez, PR

Total Revenue
$785,711
Total Expenses
$610,743
Total Assets
$4,803,146
Net Assets
$4,783,476
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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
1978
Legal Domicile
PR
Principal Officer
Angel L Alers Velez
Phone
7874794316
Tax Period
2024-10-01 to 2025-09-30

CORPORACION PARA EL DESARROLLO DEL OESTE INC, founded in 1978, is a small nonprofit that reported $786K in total revenue in fiscal year 2024. The organization ran a surplus of $175K, a strong 22% operating margin.

Mission

Promote and advance economic development for the south and northern areas of 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,100
Other Revenue $782,611
TOTAL REVENUE $785,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,681
Fundraising Expenses $0
Program Expenses $202,281
Other Expenses $486,062
TOTAL EXPENSES $610,743

Year-over-Year Comparison

2024 2023 Change
Revenue $785,711 $730,196 +0.1%
Expenses $610,743 $748,399 -0.2%
Net Income $174,968 $-18,203 -10.6%
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

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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
3

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
1
$12,180
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angel L Alers Veles Director Ejecutivo 40
Highest
$89,474 $0 $89,474
Maria del C Rodriguez Asistente Administrativo 20
Officer
$12,180 $0 $12,180
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 $785,711 $610,743 $4,803,146 $174,968
2024 $730,196 $748,399 $4,625,681 $-18,203
2023 $735,726 $661,602 $4,679,775 $74,124
2022 $632,594 $679,228 $4,688,807 $-46,634
2021 $270,335 $615,803 $4,835,781 $-345,468
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