PUERTO RICO COLLEGE OF PHYSICIANS AND SURGEONS (EIN 660524457) - 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

1994

Legal Domicile

Principal Officer

Carlos Diaz Velez

Phone

7877515979

Tax Period

2023-01-01 to 2023-12-31

PUERTO RICO COLLEGE OF PHYSICIANS AND SURGEONS, founded in 1994, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 12% surplus.

Mission

The organization (PRCPS) was created by Act 77 of 1994 to promote the professional improvement of its members, implement community service programs and contribute to the advancement of medicine and public health of Puerto Rico, including the defense of confidentiality in the physician-patient relationship and the discouragement of unethical procedures in the medical practice.

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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 $3,223,736

Program Service Revenue $730,133

Investment Income $-387

Other Revenue $27,321

TOTAL REVENUE $3,980,803

Expense Breakdown

Grants Paid $652

Salaries & Benefits $675,439

Fundraising Expenses $0

Program Expenses $1,134,363

Other Expenses $2,459,116

TOTAL EXPENSES $3,522,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,980,803	$6,502,539	-0.4%
Expenses	$3,522,525	$5,970,479	-0.4%
Net Income	$458,278	$532,060	-0.1%

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

125

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

$96,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlos Diaz Velez	President	50.00	Officer	$96,000	$0	$96,000
Luis Valle Pena	Director	10.00	Director	$0	$0	$0
Sanet Torres Torres	Director	10.00	Director	$0	$0	$0
Ruth A Santos	Director	10.00	Director	$0	$0	$0
Efrain E del Valle	Director	10.00	Director	$0	$0	$0
Obed Garcia Acevedo	Director	10.00	Director	$0	$0	$0
Ismael Mercado Oliveras	Director	10.00	Director	$0	$0	$0
Lourdes Rodriguez Galarza	Director	10.00	Director	$0	$0	$0
Ramon Paoli Bruno	Director	10.00	Director	$0	$0	$0
Manuel Fernandez Figueroa	Director	10.00	Director	$0	$0	$0
Juan L Robles Nieves	Director	10.00	Director	$0	$0	$0
Alicia Feliberti Irizarry	Vice President	30.00	Officer	$0	$0	$0
Jose Massanet	Secretary	30.00	Officer	$0	$0	$0
William Garcia Montalvo	Treasurer	30.00	Officer	$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	$3,980,803	$3,522,525	$8,913,018	$458,278
2022	$6,502,539	$5,970,479	$9,435,932	$532,060
2021	$6,780,406	$6,512,978	$10,703,005	$267,428
2020	$8,417,388	$5,569,388	$12,210,145	$2,848,000

PUERTO RICO COLLEGE OF PHYSICIANS AND SURGEONS