RYDER ASSISTED CARE 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

1996

Legal Domicile

Principal Officer

JOSE R FELICIANO

Phone

7878520768

Tax Period

2023-10-01 to 2024-09-30

RYDER ASSISTED CARE INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $418K in total revenue in fiscal year 2023. Expenses of $467K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $396,756 Revenue: $73,460

THE PROJECT IS A 41 UNIT APARTMENT FACILITY FOR ELDERLY PERSONS LOCATED IN HUMACAO, PUERTO RICO. IT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1990 AND REGULATED BY THE HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. DURING THE YEAR THE AVERAGE PERCENTAGE OF OCCUPANCY WAS 98.06%.

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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 $338,727

Program Service Revenue $73,460

Investment Income $1,286

Other Revenue $4,959

TOTAL REVENUE $418,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,022

Fundraising Expenses $0

Program Expenses $396,756

Other Expenses $379,207

TOTAL EXPENSES $467,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$418,432	$401,308	+0.0%
Expenses	$467,229	$462,480	+0.0%
Net Income	$-48,797	$-61,172	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS LOPEZ	DIRECTOR	2	Director	$0	$0	$0
ADELIA IZCHEL ACEVEDO	DIRECTOR	2	Director	$0	$0	$0
MIRIAM ALICEA	DIRECTOR	2	Director	$0	$0	$0
ELBA L SANTANA	DIRECTOR	2	Director	$0	$0	$0
CARMEN S ALBINO	DIRECTOR	2	Director	$0	$0	$0
ELDA E ROSARIO	DIRECTOR	2	Director	$0	$0	$0
JESUS JUSINO	DIRECTOR	2	Director	$0	$0	$0
JESUS M REINA	DIRECTOR	2	Director	$0	$0	$0
BENJAMIN BERRIOS	DIRECTOR	2	Director	$0	$0	$0
ESTHER ALEMAN	SECRETARY	4	Director	$0	$0	$0
CARMEN SARA GARCIA	VICE PRESIDENT	4	Director	$0	$0	$0
JUAN MENDEZ	PRESIDENT	4	Director	$0	$0	$0
PEDRO DIAZ	TREASURER	4	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	$418,432	$467,229	$1,689,726	$-48,797
2023	$401,308	$462,480	$1,748,214	$-61,172
2022	$406,003	$450,323	$1,811,201	$-44,320
2021	$425,918	$425,223	$1,847,184	$695
2020	$407,279	$419,674	$1,840,458	$-12,395
2019	$385,830	$433,380	$1,855,726	$-47,550
2018	$370,973	$397,461	$1,894,848	$-26,488