PUERTO RICO INDUSTRIES FOR THE BLIND

EIN: 660800062 501(c)(3) Employment

Mayaguez, PR

Total Revenue
$36,949,851
Total Expenses
$36,678,189
Total Assets
$26,220,030
Net Assets
$1,694,808
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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
PR
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.

Program Service Accomplishments

Program 1
Expenses: $5,358,182 Revenue: $0

Manufacturing Expenses

Program 2
Expenses: $26,612,503 Revenue: $0

Costs of Manufactured Goods Sold

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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 $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

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Governance

Voting Members
3
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
1
$162,051
Total Directors
3
$162,051
Key Employees
0
$0
Highest Compensated
0
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
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