FUNDACION COMUNITARIA DE PUERTO RI… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

NOELIA MARIN

Phone

7877211037

Tax Period

2022-01-01 to 2022-12-31

FUNDACION COMUNITARIA DE PUERTO RICO SERVICIOS, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $230K in total revenue in fiscal year 2022. Expenses of $210K left a modest 9% surplus.

Mission

To enhance the economic, entrepreneurial, and cultural well-being of the People of Puerto Rico by: i Administering, managing, and implementing social, economic, and environmental projects with federal, state, and private funding; ii Stimulating and fostering the establishment of solar communities as well as administering and managing renewable energy systems for the benefit of the community; Strengthening community aqueducts community engagement, infrastructure and management. Additionally, this corporation as a wholly owned subsidiary of the Puerto Rico Community Foundation, Inc., shall be operated, supervised in accordance with the purposes of the Puerto Rico Community Foundation, Inc.

Program Service Accomplishments

Program 1

Expenses: $179,908 Revenue: $230,000

CERI purpose is to ensure that critical community facilities such as educational, health, and economic development community centers, community-based organizations and businesses- can successfully...

CERI purpose is to ensure that critical community facilities such as educational, health, and economic development community centers, community-based organizations and businesses- can successfully and uninterruptedly operate through affordable renewable energy systems, even amid catastrophic natural disasters and power blackouts, while promoting more equitable access to the resources needed to meet the 2050 goal of a 100 percent renewable energy grid in Puerto Rico. The establishment of CERI was supported by a study of Puerto Rico's energy infrastructure, critical facilities, and renewable energy public policies. Some key highlights of these study findings define and determine CERI scopes and strategies are Puerto Rico is geographically exposed to severe hurricanes and seismic activity. Puerto Rico has a very fragile and outdated energy system. Power interruptions of up to 11 months were experienced after Hurricane Maria 2017. Within and without disasters, the central rural mountainous area and its mostly low-income residents are constantly vulnerable and susceptible to energy blackouts. Despite an avalanche of federal recovery funds, many obstacles combine to obstruct and delay effective long-term solutions to the generalized energy vulnerability. Financial institutions consider low to moderate-income communities and their non-profit critical service providers as high risk borrowers. The establishment of microgrids is an expensive proposition.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,908

Other Expenses $209,978

TOTAL EXPENSES $209,978

Year-over-Year Comparison

	2022	2021	Change
Revenue	$230,000	N/A	N/A
Expenses	$209,978	N/A	N/A
Net Income	$20,022	$0	N/A

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

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

$344,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NELSON I COLON	DIRECTOR	2	Director	$0	$0	$211,321
DAVID HADDOCK DOMINGUEZ	VICE PRESIDENT	8	Director	$0	$0	$133,275
ANTONIO ESCUDERO	PRESIDENTE	2	Director	$0	$0	$0
MARTA ELSA FERNANDEZ	DIRECTOR	2	Director	$0	$0	$0
AIDA TORRES CRUZ	SECRETARY	2	Director	$0	$0	$0
BENJAMIN ROSARIO ROSARIO	TREASURER	2	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
2022	$230,000	$209,978	$23,161	$20,022

FUNDACION COMUNITARIA DE PUERTO RICO SERVICIOS