FONDO PERMANENTE PARA LA ADMINISTRA CION OPERACION Y DESARROLLO DE BIEN

EIN: 660630488 501(c)(3) Recreation & Sports

SALINAS, PR

Total Revenue
$13,895,760
Total Expenses
$12,172,990
Total Assets
$28,085,060
Net Assets
$26,185,567
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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
1992
Legal Domicile
PR
Principal Officer
JORGE RENDON
Phone
7878242200
Tax Period
2023-01-01 to 2023-12-31

FONDO PERMANENTE PARA LA ADMINISTRA CION OPERACION Y DESARROLLO DE BIEN, founded in 1992, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.9M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 12% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE AND TO MAINTAIN THE LEVEL REQUIRED FOR THE TRAINING OF PUERTO RICO'S HIGH PERFOMANCE ATHLETES.

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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 $4,775,025
Program Service Revenue $787,859
Investment Income $9,284
Other Revenue $8,323,592
TOTAL REVENUE $13,895,760

Expense Breakdown

Grants Paid $872,442
Salaries & Benefits $5,238,726
Fundraising Expenses $2,731,878
Program Expenses $7,707,746
Other Expenses $6,061,822
TOTAL EXPENSES $12,172,990

Year-over-Year Comparison

2023 2022 Change
Revenue $13,895,760 $7,259,343 +0.9%
Expenses $12,172,990 $8,511,025 +0.4%
Net Income $1,722,770 $-1,251,682 -2.4%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
129
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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUISETTE SANCHEZ DIRECTOR OF 40.00
Director
$0 $0 $0
JORGE RENDON EXECUTIVE DI N/A
Officer
$0 $0 $0
YANIRA MORALES HR DIRECTOR 40.00
Director
$0 $0 $0
CARMEN CARTAGENA ACADEMIC DIR 40.00
Officer
$0 $0 $0
PEDRO ROJAS OPERATIONS D 40.00
Officer
$0 $0 $0
SAMUEL CESPEDES SECRETARY N/A
Director
$0 $0 $0
RICHARD CARRION PRESIDENT N/A
Director
$0 $0 $0
SARA ROSARIO DIRECTOR/MEM N/A
Director
$0 $0 $0
CARLOS J BELTRAN DIRECTOR/MEM N/A
Director
$0 $0 $0
VICTOR RUIZ DIRECTOR/MEM N/A
Director
$0 $0 $0
EDUARDO AMY DIRECTOR/MEM N/A
Director
$0 $0 $0
HECTOR LOPEZ DIRECTOR/MEM N/A
Director
$0 $0 $0
JOSE PORTELA DIRECTOR/MEM N/A
Director
$0 $0 $0
FERNANDO FAGUNDO DIRECTOR/MEM N/A
Director
$0 $0 $0
GRETCHEN SCALE DIRECTOR/MEM N/A
Director
$0 $0 $0
BEVERLY RAMOS DIRECTOR/MEM N/A
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 No data No data No data No data
2023 $13,895,760 $12,172,990 $28,085,060 $1,722,770
2022 $7,259,343 $8,511,025 $25,799,936 $-1,251,682
2021 $3,740,055 $8,692,631 $27,112,601 $-4,952,576
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