PUERTO RICO MANUFACTURING EXTENSION PRIMEX INC (EIN 660522632) - 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

1995

Legal Domicile

Principal Officer

Ramon Vega

Phone

7877560505

Tax Period

2023-10-01 to 2024-09-30

PUERTO RICO MANUFACTURING EXTENSION PRIMEX INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

Improve the competitive position of Puerto Rico small and medium industries by providing technical support, trainings and cost assistance in new technologies and business practices.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,557,698

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,557,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,585

Fundraising Expenses $0

Program Expenses $2,957,869

Other Expenses $3,072,435

TOTAL EXPENSES $3,598,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,557,698	$2,915,943	+0.2%
Expenses	$3,598,020	$2,876,695	+0.3%
Net Income	$-40,322	$39,248	-2.0%

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

$104,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ramon Vega	Executive Director	40	Officer	$104,643	$0	$104,643
Felipe Hernandez	Chair BOD	2	Director	$0	$0	$0
Jose Felix Ballester	Director	2	Director	$0	$0	$0
Alejandro Saldana	Director	2	Director	$0	$0	$0
Rafael Diaz	Director	2	Director	$0	$0	$0
Luis Cintron	Director	2	Director	$0	$0	$0
Salvador Ribot	Director	2	Director	$0	$0	$0
Saray Lopez	Director	2	Director	$0	$0	$0
Idalia M Garcia de JEsus	Director	2	Director	$0	$0	$0
Wanda Otero	Director	2	Director	$0	$0	$0
Luis Morales	Director	2	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
2024	$3,557,698	$3,598,020	$3,985,933	$-40,322
2023	$2,915,943	$2,876,695	$3,930,762	$39,248
2022	$3,562,377	$3,485,851	$3,895,141	$76,526
2021	$4,739,702	$4,075,689	$4,194,654	$664,013
2020	$3,560,729	$3,066,571	$3,211,295	$494,158

PUERTO RICO MANUFACTURING EXTENSION PRIMEX INC