PUERTO RICO INFORMATION TECHNOLOGY CLUSTER INC (EIN 660782521) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Phone

9392904645

Tax Period

2023-01-01 to 2023-12-31

PUERTO RICO INFORMATION TECHNOLOGY CLUSTER INC, founded in 2011, is a small nonprofit in the Science & Technology sector that reported $387K in total revenue in fiscal year 2023. Revenue surged 494% from the prior year, signaling strong growth momentum. Expenses of $330K left a modest 15% surplus.

Mission

Promote the integration creation growth and sustainability of the information technology sector in Puerto Rico to ensure that local firms are highly competitive in the national and international arena.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $386,669

Program Service Revenue $0

Investment Income $0

Other Revenue $240

TOTAL REVENUE $386,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $263,531

Program Expenses $0

Other Expenses $330,362

TOTAL EXPENSES $330,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,909	$65,143	+4.9%
Expenses	$330,362	$50,744	+5.5%
Net Income	$56,547	$14,399	+2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
ALBERTO LUGO	CO PRESIDENT	10.00	Officer Director	$0	$0	$0
DAVID LINARES	CO PRESIDENT	10.00	Officer Director	$0	$0	$0
GRETCHEN MOLINA	VICE PRESIDENT	10.00	Director	$0	$0	$0
DR ELIUT FLORES	SECRETARY	10.00	Director	$0	$0	$0
EDWARD RODRIGUEZ	TREASURER	10.00	Director	$0	$0	$0
EUGENIO TORRES	DIRECTOR	10.00	Director	$0	$0	$0
JUAN C CHIPI	EX CO PRESIDENT	10.00	Director	$0	$0	$0
GUAILI A SOSA PASCUAL	EX CO PRESIDENT	10.00	Director	$0	$0	$0
KEREN HENRIQUEZ	DIRECTOR	10.00	Director	$0	$0	$0
VANESSA QUINONES	DIRECTOR	10.00	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	$386,909	$330,362	$102,351	$56,547

PUERTO RICO INFORMATION TECHNOLOGY CLUSTER INC