INDUSTRY UNIVERSITY RESEARCH CENTER INC

EIN: 660497943 501(c)(3) Community Improvement

SAN JUAN, PR

Total Revenue
$243,872
Total Expenses
$254,953
Total Assets
$227,277
Net Assets
$24,655
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
PR
Principal Officer
Ivan Lugo
Phone
7876713006
Tax Period
2023-01-01 to 2023-12-31

INDUSTRY UNIVERSITY RESEARCH CENTER INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $244K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To stimulate the research applied on pharmaceutical, chemical and related industries, establish bridges between the academy, industry and government in science and technology areas, promote the research and industrial development, and to canalize and monitor designated funds for infrastructure development, special independent research projects and workforce development.

Program Service Accomplishments

Program 1
Expenses: $17,137 Revenue: $53,948

To stimulate the research applied on pharmaceutical, chemical and related industries, establish bridges between the academy, industry and government in science and technology areas, promote the...

Read more

To stimulate the research applied on pharmaceutical, chemical and related industries, establish bridges between the academy, industry and government in science and technology areas, promote the research and industrial development, and to canalize and monitor designated funds for infrastructure development, special independent research projects and workforce development.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $187,500
Program Service Revenue $53,948
Investment Income $384
Other Revenue $2,040
TOTAL REVENUE $243,872

Expense Breakdown

Grants Paid $0
Salaries & Benefits $220,585
Fundraising Expenses $0
Program Expenses $17,137
Other Expenses $34,368
TOTAL EXPENSES $254,953

Year-over-Year Comparison

2023 2022 Change
Revenue $243,872 $224,174 +0.1%
Expenses $254,953 $244,388 +0.0%
Net Income $-11,081 $-20,214 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
N/A
Volunteers
40

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
$132,470
Total Directors
21
$132,470
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ivan Lugo Executive Director 40
Officer Director
$132,470 $0 $132,470
Rafael Defendini President of the Board 3
Director
$0 $0 $0
Luis A Ferrao MD Vice President of the Board 3
Director
$0 $0 $0
Danaise Carrion Secretary of the Board 3
Director
$0 $0 $0
Gustavo Hermida Treasurer of the Board 3
Director
$0 $0 $0
Lucy Crespo Director 3
Director
$0 $0 $0
Manuel Cidre Director 3
Director
$0 $0 $0
Wanda Maldonado Director 3
Director
$0 $0 $0
Israel Cotto Director 3
Director
$0 $0 $0
Peter Melendez Director 3
Director
$0 $0 $0
Damaso Bermudez Director 3
Director
$0 $0 $0
Pablo Hernandez Director 3
Director
$0 $0 $0
Carlos Ceinos Director 3
Director
$0 $0 $0
Lilliam Rodriguez Director 3
Director
$0 $0 $0
Ana Martorel Perez Director 3
Director
$0 $0 $0
Miguel Pereira Director 3
Director
$0 $0 $0
Juan Leonardo Negron Director 3
Director
$0 $0 $0
Shelly Cruz Director 3
Director
$0 $0 $0
Fernando Lodono Director 3
Director
$0 $0 $0
Carlos Gierbolini Director 3
Director
$0 $0 $0
Elizabeth Plaza Director 3
Director
$0 $0 $0
Alejandro Toro Past President of the Board 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
2024 No data No data No data No data
2023 $243,872 $254,953 $227,277 $-11,081
2022 $224,174 $244,388 $45,736 $-20,214
2021 $247,484 $257,003 $57,769 $-9,519
2020 $220,308 $245,527 $69,454 $-25,219
Explore More Nonprofits
→Top 100 Nonprofits in Puerto Rico →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDUSTRY UNIVERSITY RESEARCH CENTER INC with other nonprofits in Puerto Rico and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.