PUERTO RICO COLLEGE OF PHYSICIANS AND SURGEONS

EIN: 660524457 Health Care

SAN JUAN, PR

Total Revenue
$3,980,803
Total Expenses
$3,522,525
Total Assets
$8,913,018
Net Assets
$6,800,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
PR
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

PRCPS' mission is 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.

Program Service Accomplishments

Program 1
Expenses: $1,027,668

Members activities and services- all members have access to a variety of services and activities, such as an annual convention, educational activities, assistance with license renovations, an annual...

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Members activities and services- all members have access to a variety of services and activities, such as an annual convention, educational activities, assistance with license renovations, an annual meeting, amoung others. Annual Meeting for the Year 2023 was held on April 20, 2024. From December 1 though the 3th of 2023, the 22th Annual Convention was held in the Puerto Rico Convention Center for all members.

Program 2
Expenses: $98,764

Medical education courses and conferences- a variety of CPE courses, in person and online are offered to members to help increase professional knowledge and skills. CPE courses also help members...

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Medical education courses and conferences- a variety of CPE courses, in person and online are offered to members to help increase professional knowledge and skills. CPE courses also help members obtain all medical education hours required for the renovation of their licenses. Additional, during the year 2023 two symposium were offered, the first was held from June 22-25 during the annual meeting of Physical Medicine and Rehabilitation Association, offering 12 hours credit and the 2nd offered 20 hrs in courses during the Annual Meeting of the organization held from December 1-3, 2023.

Program 3
Expenses: $7,931

Services to community - On October 14, 2023 sponsored the activity "United for Health" offering a variety of free health services to the community

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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 (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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Governance

Voting Members
16
Independent Members
16
Employees
23
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
4
$96,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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