FRIENDS OF PUERTO RICO

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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

2016

Legal Domicile

Principal Officer

ANGELIQUE SINA OFFICER

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF PUERTO RICO, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $755K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 16% operating margin.

Mission

Friends of Puerto Rico is a non-profit 501(C)(3) that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives, education, and creating opportunities for women and girls. Since 2015, we have mobilized a passionate community of over 30,000

Program Service Accomplishments

Program 1

Expenses: $389,930 Revenue: $772,018

WE WORK WITH AT RISK YOUTH TO CREATE OPPORTUNITY AND DEVELOP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS IN PUERTO RICO.Friends of Puerto Rico is a non-profit 501(C)(3) that supports the...

WE WORK WITH AT RISK YOUTH TO CREATE OPPORTUNITY AND DEVELOP THE NEXT GENERATION OF LEADERS AND ENTREPRENEURS IN PUERTO RICO.Friends of Puerto Rico is a non-profit 501(C)(3) that supports the economic development of the people of Puerto Rico through entrepreneurial initiatives, education, and creating opportunities for women and girls. Since 2015, we have mobilized a passionate community of over 30,000 global entrepreneurs, donors and partner organizations focused on driving economic success and innovation to cultivate the next generation of leaders. Through a combination of training, education and mentorship initiatives that utilize the beautiful culture, art and people of Puerto Rico, our goal is to end financial hardship and provide economic opportunities and self-sufficiency for people on the island, in Washington, DC and around the United States.

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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 $587,872

Program Service Revenue $153,254

Investment Income $3,943

Other Revenue $9,800

TOTAL REVENUE $754,869

Expense Breakdown

Grants Paid $18,517

Salaries & Benefits $249,773

Fundraising Expenses $0

Program Expenses $389,930

Other Expenses $365,925

TOTAL EXPENSES $634,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$754,869	$479,593	+0.6%
Expenses	$634,215	$820,154	-0.2%
Net Income	$120,654	$-340,561	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGRID ARVELO	DIRECTOR	2.00	Director	$0	$0	$0
JUAN GARCIA	TREASURER	5.00	Director	$0	$0	$0
ANGELIQUE SINA	PRESIDENT	40.00	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	$754,869	$634,215	$680,333	$120,654
2022	$479,593	$820,154	$625,763	$-340,561
2021	$373,053	$431,267	$935,685	$-58,214
2020	$351,453	$495,169	$464,321	$-143,716
2019	$81,471	$483,817	$574,998	$-402,346