INITIATIVE FOR INDEPENDENT SCH IN PR INC

EIN: 660725543 501(c)(3) Education

AGUADILLA, PR

Total Revenue
$485,677
Total Expenses
$473,559
Total Assets
$100,040
Net Assets
$95,260
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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

Principal Officer
MARGARET MAYER
Phone
7878900339
Tax Period
2024-01-01 to 2024-12-31

INITIATIVE FOR INDEPENDENT SCH IN PR INC is a small nonprofit in the Education sector that reported $486K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Educational 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,532
Program Service Revenue $452,145
Investment Income $0
Other Revenue $0
TOTAL REVENUE $485,677

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,468
Fundraising Expenses $0
Program Expenses $381,482
Other Expenses $144,091
TOTAL EXPENSES $473,559

Year-over-Year Comparison

2024 2023 Change
Revenue $485,677 $439,576 +0.1%
Expenses $473,559 $442,980 +0.1%
Net Income $12,118 $-3,404 -4.6%
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
4
Independent Members
4
Employees
N/A
Volunteers
7

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
0
$0
Key Employees
1
$25,513
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICA MULCHAY PRESIDENT 8
Officer
$0 $0 $0
Arlennee Moral VICE PRESIDENT 8
Key Emp
$25,513 $0 $25,513
STEVE BLOOD Treasurer 8
Officer
$0 $0 $0
KEISHA CARABAL SECRETARY 8
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 $485,677 $473,559 $100,040 $12,118
2023 $439,576 $442,980 $89,189 $-3,404
2021 $300,801 $288,761 $179,860 $12,040
2020 $326,664 $229,996 $206,724 $96,668
2019 $297,669 $302,186 $74,218 $-4,517
2018 $272,395 $249,372 $77,885 $23,023
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