PR EDUCATION INITIATIVE CORP

EIN: 660888097 501(c)(3) Education

SAN JUAN, PR

Total Revenue
$416,344
Total Expenses
$580,888
Total Assets
$251,451
Net Assets
$240,899
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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
DAVID BOGATY
Tax Period
2023-01-01 to 2023-12-31

PR EDUCATION INITIATIVE CORP is a small nonprofit in the Education sector that reported $416K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $581K exceeded revenue, resulting in a 40% operating deficit.

Mission

THEIR MISSION IS TO EMPOWER CHANGE THROUGH MEANINGFUL AND STRATEGIC PARTNERSHIPS FOR THE BENEFIT OF EVERYONE IN PUERTO RICO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $416,344
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $416,344

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,433
Fundraising Expenses $0
Program Expenses $580,888
Other Expenses $382,455
TOTAL EXPENSES $580,888

Year-over-Year Comparison

2023 2022 Change
Revenue $416,344 $574,289 -0.3%
Expenses $580,888 $829,298 -0.3%
Net Income $-164,544 $-255,009 -0.4%
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
3
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
0
$0
Total Directors
1
$30,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOMINIQUE A GI EXECUTIVE DIRE 40
Director Highest
$30,000 $0 $30,000
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 $416,344 $580,888 $251,451 $-164,544
2020 $2,054,130 $1,450,523 $997,319 $603,607
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