ESPACIOS ABIERTOS PUERTO RICO INC (EIN 660927287) - 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

2019

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ESPACIOS ABIERTOS PUERTO RICO INC, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $473K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 158% operating deficit.

Mission

ESPACIOS ABIERTOS PUERTO RICO,INC WAS INCORPORATED IN 2019 TO BRING ABOUT LONG TERM SYSTEMIC CHANGE AND SOCIO-ECONOMIC JUSTICE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $467,578

Program Service Revenue $0

Investment Income $0

Other Revenue $5,682

TOTAL REVENUE $473,260

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $619,646

Fundraising Expenses $0

Program Expenses $1,009,425

Other Expenses $549,778

TOTAL EXPENSES $1,219,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,260	$1,805,952	-0.7%
Expenses	$1,219,424	$1,809,705	-0.3%
Net Income	$-746,164	$-3,753	+197.8%

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

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

$126,000

Total Directors

$126,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILLE BLONDET	EXCECUTIVE DIRECTOR	40.00	Officer Director	$126,000	$0	$126,000
GINORIS LOPEZ-LAY	MEMBER	0.17	Officer	$0	$0	$0
JUAN E RODRIGUEZ	FORMER CHAIRPERSON	2.92	Officer	$0	$0	$0
ISABEL ABISLAIMAN	MEMBER	0.17	Officer	$0	$0	$0
WILLIAM LOCKWOOD	TREASURER	0.87	Officer	$0	$0	$0
DANERIS FERNANDEZ	VICE PRESIDENT	0.92	Officer	$0	$0	$0
LISSETTE ROLON	CHAIRPERSON	2.21	Officer	$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	$473,260	$1,219,424	$815,548	$-746,164
2022	$1,805,952	$1,809,705	$1,567,498	$-3,753
2021	$1,783,749	$530,334	$1,536,423	$1,253,415
2020	$201,300	$19,941	$201,210	$181,359

ESPACIOS ABIERTOS PUERTO RICO INC