CENTRO DE SALUD DE LARES INC

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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

1986

Legal Domicile

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., mission is to promote health and prevention of diseases, offering high quality and superior health services to satisfy the health needs of our served populations, with emphasis in the medical indigents and medically underserved patients. Centro de Salud de Lares, Inc. is a Joint Commission certified institution.

Program Service Accomplishments

Program 1

Expenses: $3,955,280 Revenue: $0

Pharmacy

Program 2

Expenses: $27,376,751 Revenue: $0

Health Services

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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 $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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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

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

Total Directors

Key Employees

$187,707

Highest Compensated

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