PUERTO RICO INDUSTRIES FOR THE BLIND (EIN 660800062) - 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

2013

Legal Domicile

Principal Officer

Carlos Gierbolini

Phone

7878060054

Tax Period

2024-01-01 to 2024-12-31

PUERTO RICO INDUSTRIES FOR THE BLIND, founded in 2013, is a mid-sized nonprofit in the Employment sector that reported $36.9M in total revenue in fiscal year 2024. Revenue surged 232% from the prior year, signaling strong growth momentum.

Mission

Train and employ people with severe disabilities that are in need of training, employment and 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 (2024)

Revenue Breakdown

Contributions & Grants $1,441,108

Program Service Revenue $0

Investment Income $0

Other Revenue $35,508,743

TOTAL REVENUE $36,949,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,039,612

Fundraising Expenses $0

Program Expenses $31,970,685

Other Expenses $30,638,577

TOTAL EXPENSES $36,678,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,949,851	$11,142,239	+2.3%
Expenses	$36,678,189	$9,933,560	+2.7%
Net Income	$271,662	$1,208,679	-0.8%

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

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

$162,051

Total Directors

$162,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEAN FELICIANO	DIRECTOR	40	Officer Director	$162,051	$0	$162,051
JOHN JOSEPH DODGE	MEMBER	10	Director	$0	$0	$0
JOHN HADAS	MEMBER	10	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	$36,949,851	$36,678,189	$26,220,030	$271,662
2023	$11,142,239	$9,933,560	$20,714,450	$1,208,679
2022	$8,189,193	$6,447,880	$6,338,282	$1,741,313
2021	$2,200,072	$3,325,483	$5,418,021	$-1,125,411
2020	$3,864,622	$4,669,991	$9,165,314	$-805,369
2019	$4,904,838	$3,712,038	$5,565,711	$1,192,800
2018	$572,103	$895,313	$2,368,572	$-323,210

PUERTO RICO INDUSTRIES FOR THE BLIND