Centro Unido De Detallistas De Pr

Nonprofit profile at a glance

EIN
660189899
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
San Juan, PR, USA
Phone
7876418405
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Business and Industry

Official website

Reported finances

Revenue
$2,414,220
Expenses
$1,971,751
Assets
$5,386,408
Liabilities
$728,130

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • Alan Taveras (Elected President)
  • Ignacio Veloz (Honorary President)
  • Jorge Arguelles (Vice President)
  • Ramon C Barquin Torres (President)

Highest reported compensation

  • Ramon C Barquin Torres (President): $42,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote the economic technological social and business cultural progress of the commercial classes represented by the organization as small and medium business industrial and self-employment.

What it reported doing in 2024

Educational and Management Development Training Program. Through the educational and management training program offered over 300 independent child care centers business were impacted. Through the training offered the impacted child care centers were able to update administrative permit documents and applicable laws in accordance with the regulations for this type of organization in Puerto Rico. The centers achieved significant improvements in their infrastructure to provide better services to the population of children they serve. The Centers received monetary relief in relation to payroll payments and recurring utilities expenses to raise their budget and thus be able to continue operating. Monitoring final stage of the program and validating the compliance of programs objectives.

Operating model

Revenue model
Other-operating. 64% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.9%; rating input score 71
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $9.24 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.3%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 2.73; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 13.4% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 8.3% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 70.9% of revenue deployed · 86.1% of spending went to programs
  • Governance: 19 of 19 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $502K in reported program spending
  • Leadership: top reported pay $42K · 19 people listed
  • Highest-paid contractors: 1 contractor listed · $250K reported
  • Consistency: 45 of 45 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.