ASOCIACION BENEFICA DE PONCE (EIN 660424216) - 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

1939

Legal Domicile

Principal Officer

LUIS RUIZ QUIRINDONGO

Phone

9399929643

Tax Period

2024-07-01 to 2025-06-30

ASOCIACION BENEFICA DE PONCE, founded in 1939, is a small nonprofit in the Housing & Shelter sector that reported $644K in total revenue in fiscal year 2024. Expenses of $744K exceeded revenue, resulting in a 16% operating deficit.

Mission

IMPROVE QUALITY OF LIFE SENIOR CITIZENS IN A HEALTHY FAMILY AND HEALTHY LIVING ENVIRONMENT BY TAKING SOCIAL RESPONSIBILITY IN PONCE

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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 $644,238

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $644,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $572,244

Fundraising Expenses $0

Program Expenses $700,219

Other Expenses $172,103

TOTAL EXPENSES $744,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$644,238	$630,525	+0.0%
Expenses	$744,347	$666,635	+0.1%
Net Income	$-100,109	$-36,110	+1.8%

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

$27,941

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE PAGAN	DIRECTOR	40	Key Emp	$26,590	$0	$26,590
NYLDA R GONZALEZ PAGAN	DIRECTOR	40	Key Emp	$1,351	$0	$1,351
MARLYN CABALLER	SECRETARY	3		$0	$0	$0
LUIS RUIZ QUIRINDONGO	PRESIDENT	3		$0	$0	$0
OMAYRA LEON	VICEPRESIDENTA	3		$0	$0	$0
ROBERTO QUINONES	TREASURER	3		$0	$0	$0
CARLOS LASTER	VOCAL	3		$0	$0	$0
OSCAR TORRES	VOCAL	3		$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	$644,238	$744,347	$167,939	$-100,109
2024	$630,525	$666,635	$304,169	$-36,110
2023	$744,552	$684,071	$335,787	$60,481
2022	$722,297	$667,716	$274,113	$54,581
2021	$656,838	$590,021	$270,156	$66,817

ASOCIACION BENEFICA DE PONCE