FONDO PERMANENTE PARA LA ADMINISTR… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $5,625,712

SERVICE TO OLYMPIC FEDERATION PROGRAM WAS ACHIVED BY PROVIDING TO THE HIGHEST PERFORMANCE ATHLETES BELONGING TO SUCH FEDERATIONS THE REQUESTED LEVEL OF TRAINING WHICH INCLUDES AMONG OTHERS EDUCATION...

Program 2

Expenses: $1,837,718

OTHER ACADEMIC AND SPORTS SERVICE PROGRAM WAS PROVIDED PRIMARILY TO STUDENTS ENROLLED IN THE ALBERGUE OLIMPICO BASEBALL ACADEMY PROGRAM WHICH INCLUDES TUITION, FEES, ROOM AND MEALS. OTHER SPORTS...

OTHER ACADEMIC AND SPORTS SERVICE PROGRAM WAS PROVIDED PRIMARILY TO STUDENTS ENROLLED IN THE ALBERGUE OLIMPICO BASEBALL ACADEMY PROGRAM WHICH INCLUDES TUITION, FEES, ROOM AND MEALS. OTHER SPORTS RECREATIONAL FACILITIES PROGRAM WAS PROVIDED TO THE GENERAL PUBLIC WHICH INCLUDE THE SALE OF TICKETS FOR ADMISSION TO PARKS, THE SALES OF MERCHANDISE, FOOD AND BEVERAGE AT THE PARKS, SHOPS AREAS AND FOOD COURTS.

Program 3

Expenses: $244,316

SPORTS MEDICINE SERVICES PROGRAM INCLUDES A CONTRACT WITH THE UNIVERSITY OF PUERTO RICO MEDICAL SCIENCE CAMPUS TO SUPPLY AND PAY FOR MATERIALS, CLEANING SERVICES, MAINTENANCE AND SURVEILLANCE OF...

SPORTS MEDICINE SERVICES PROGRAM INCLUDES A CONTRACT WITH THE UNIVERSITY OF PUERTO RICO MEDICAL SCIENCE CAMPUS TO SUPPLY AND PAY FOR MATERIALS, CLEANING SERVICES, MAINTENANCE AND SURVEILLANCE OF FACILITIES THAT THE CENTER FOR SPORTS HEALTH AND EXCERCISE SCIENCE OCCUPIES. THE CENTER OCCUPIES IN THE ALBERGUE OLIMPICO A VARIETY OF SPORTS MEDICINE SERVICES WITH A PREVENTIVE APPROACH TO ATHLETES OF NATIONAL FEDERATIONS, STUDENT ATHLETES AND TO THE GENERAL COMMUNITY. THE FIDEICOMISO OLIMPICO WILL PROVIDE TELEPHONE, WATER, ELECTRICITY AND RENT SERVICES

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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 $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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

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

FONDO PERMANENTE PARA LA ADMINISTRA CION OPERACION Y DESARROLLO DE BIEN