CENTRO DE SALUD DE LARES INC

EIN: 660426506 501(c)(3) Health Care

Lares, PR

Total Revenue
$46,065,927
Total Expenses
$40,207,166
Total Assets
$94,942,250
Net Assets
$86,806,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
PR
Principal Officer
Damaris Rodriguez Mercado
Phone
7878972727
Tax Period
2024-04-01 to 2025-03-31

CENTRO DE SALUD DE LARES INC, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $46.1M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $40.2M left a modest 13% surplus.

Mission

Centro de Salud de Lares, Inc., is a non-profit corporation who operates a comprehensive primary care program which provide medical services to low income families and medically underserved indigent populations in the municipalities of Lares and Quebradillas, 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 $4,406,187
Program Service Revenue $41,659,740
Investment Income $0
Other Revenue $0
TOTAL REVENUE $46,065,927

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,752,536
Fundraising Expenses $0
Program Expenses $31,332,031
Other Expenses $28,454,630
TOTAL EXPENSES $40,207,166

Year-over-Year Comparison

2024 2023 Change
Revenue $46,065,927 $49,553,350 -0.1%
Expenses $40,207,166 $39,494,610 +0.0%
Net Income $5,858,761 $10,058,740 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
307
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
0
$0
Total Directors
11
$0
Key Employees
1
$187,707
Highest Compensated
15
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMARIS RODRIGUEZ MERCADO Executive Director 40
Key Emp Highest
$187,707 $0 $187,707
Francisco E Ball Rosa Physician - Pediatrician 40
Highest
$184,221 $0 $184,221
JUAN J MATIAS MENDEZ Highest compensated employee 40
Highest
$180,080 $0 $180,080
Hjalmar M Zambrana Rosaly Physician 40
Highest
$158,513 $0 $158,513
Jose A Ramos Arbelo Physician 40
Highest
$149,972 $0 $149,972
CAMILA E JUSINO DEL POZO Physician Pediatrician 40
Highest
$149,629 $0 $149,629
DAMARIS ORTIZ GONZALEZ Physician 40
Highest
$143,042 $0 $143,042
JOSE A RIOS BATISTINI Physician 40
Highest
$140,691 $0 $140,691
FRANCES BAERGA RODRIGUEZ Physician 40
Highest
$136,692 $0 $136,692
GIOVANNY M MELO GARCIA Highest compensated employee 40
Highest
$126,512 $0 $126,512
WALTER RODRIGUEZ CANCEL Highest compensated employee 40
Highest
$125,787 $0 $125,787
IDAMARIS ALICEA GERENA Highest compensated employee 40
Highest
$120,643 $0 $120,643
JORGE L VELEZ ALBINO Physician 40
Highest
$120,425 $0 $120,425
ROXIENID ALVAREZ MERCADO Highest compensated employee 40
Highest
$112,582 $0 $112,582
CATHERINE R CUEVAS Pharmacist 40
Highest
$110,098 $0 $110,098
John Rojas Velez Board President 5
Director
$0 $0 $0
Jose A Reyes Velez Board Vice President 5
Director
$0 $0 $0
Arnet Rios Mendez Board Secretary 5
Director
$0 $0 $0
Xiomara Rivera Adames Board Undersecretary 5
Director
$0 $0 $0
Aida L Velez Lopez Board Treasurer 5
Director
$0 $0 $0
Casilda N Roman Padilla Board Deputy Treasurer 5
Director
$0 $0 $0
Carmen L Rivera Quiles Board Member 5
Director
$0 $0 $0
Armando L Colon Suau Board Member 5
Director
$0 $0 $0
Susy Robles Perez Board Member 5
Director
$0 $0 $0
Juan B Mendez Estrada Board Member 5
Director
$0 $0 $0
Luis E Vera Feliciano Board Member 5
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
2025 $46,065,927 $40,207,166 $94,942,250 $5,858,761
2024 $49,553,350 $39,494,610 $87,299,262 $10,058,740
2023 $46,777,041 $34,810,851 $75,302,380 $11,966,190
2022 $45,050,259 $33,329,311 $63,375,211 $11,720,948
2021 $39,866,624 $27,706,044 $49,390,096 $12,160,580
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