FOUNDATION FOR PUERTO RICO INC (EIN 660776227) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

DAMARIS OCASIO NIEVES

Phone

7877731100

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR PUERTO RICO INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2024.

Mission

FOUNDATION FOR PUERTO RICO, INC. (FPR) WORKS WITH A DEFINED PLAN TO DEVELOP PUERTO RICO'S SOCIAL AND ECONOMIC POTENTIAL AND TRANSFORM IT INTO AN IMPORTANT COMPETITOR IN THE WORLD. FPR DOES THIS BY PROMOTING THE VISITOR ECONOMY AND EXPORT OF THE 21ST CENTURY AS CENTRAL TO ECONOMIC DEVELOPMENT; SUPPORTING INNOVATION IN EVERY SECTOR; CONTRIBUTING TO STRENGTHEN AND DEVELOP THE ORGANIZATIONS THAT MAKE UP OUR SOCIETY; AND DRIVING THE TALENT HERE TO RECOGNIZE ITS POTENTIAL. THE MISSION IS TO TRANSFORM PUERTO RICO INTO A DESTINATION FOR THE WORLD BY DRIVING SUSTAINABLE STRATEGIES OF ECONOMIC AND SOCIAL DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,423,440

Program Service Revenue $0

Investment Income $81,460

Other Revenue $27,298

TOTAL REVENUE $4,532,198

Expense Breakdown

Grants Paid $95,441

Salaries & Benefits $2,897,844

Fundraising Expenses $353,107

Program Expenses $2,607,132

Other Expenses $1,548,037

TOTAL EXPENSES $4,541,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,532,198	$4,333,453	+0.0%
Expenses	$4,541,322	$4,622,360	0.0%
Net Income	$-9,124	$-288,907	-1.0%

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

Volunteers

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

$159,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMARIS OCASIO NIEVES	CFO	40.00	Officer	$159,990	$0	$159,990
SOLEDAD GAZTAMBIDE ARANDES	CHIEF OFFICE	40.00	Highest	$127,100	$0	$127,100
CESAR A SANTOS CARDONA	HR DIRECTOR	40.00	Highest	$105,100	$0	$105,100
ALMA M FRONTERA COLON	VP OPERATION	40.00	Highest	$104,225	$0	$104,225
ALEXANDER BORSCHOW	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN BORSCHOW	CHAIRMAN	N/A	Officer Director	$0	$0	$0
RONALD CASTRO	DIRECTOR	N/A	Director	$0	$0	$0
GRACIELA ELETA	VICE-CHAIRWO	N/A	Officer Director	$0	$0	$0
JESUS LOPEZ	DIRECTOR	N/A	Director	$0	$0	$0
RAMON MELLADO	CHAIR GOVERN	N/A	Officer Director	$0	$0	$0
CARLOS L RODRIGUEZ RAMOS	DIRECTOR	N/A	Director	$0	$0	$0
JUAN A RAMOS	DIRECTOR	N/A	Director	$0	$0	$0
INGRID RIVERA	SECRETARY	N/A	Officer Director	$0	$0	$0
ZULMARIE URRUTIA	TREASURER	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	$4,532,198	$4,541,322	$6,179,788	$-9,124
2023	$4,333,453	$4,622,360	$5,529,867	$-288,907
2022	$6,329,800	$4,635,720	$5,842,849	$1,694,080
2021	$7,478,799	$7,301,165	$4,538,825	$177,634
2020	$5,218,626	$5,972,674	$3,606,933	$-754,048
2018	$6,149,360	$8,944,229	$6,990,888	$-2,794,869

FOUNDATION FOR PUERTO RICO INC