Puerto Rico College of Physicians and Surgeons
Nonprofit profile at a glance
- EIN
- 660524457
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- San Juan, PR, USA
- Phone
- 7877515979
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $3,505,151
- Expenses
- $3,038,198
- Assets
- $8,999,695
- Liabilities
- $1,732,404
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Carlos Diaz Velez MD (President)
- Luis A Valle Pea MD (Vice President)
Highest reported compensation
- Carlos Diaz Velez MD (President): $112,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PRCPS' mission is to promote the professional improvement of its members, implement community service programs and contribute to the advancement of medicine and public health of Puerto Rico, including the defense of confidentiality in the physician-patient relationship and the discouragement of unethical procedures in the medical practice.
What it reported doing in 2024
Medical education courses and conferences- a variety of CPE courses, both in person and online, are offered to members to enhance their professional knowledge and skills. These CPE courses also assist members in fulfilling the medical education hours required for the renewal of their professional licenses. Additional, during the year 2024, an 8-hrs conference on Cancer for Primary Physician was held on October 5 and 20 hrs in educational courses were offered as part of the organization Annual Meeting, held December 13-15, 2024.
Operating model
- Revenue model
- Membership-supported. 76% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 93
- Accountability: 90
- Sustainability: 66
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.7%; rating input score 51
- Program expense ratio: 58.5%; rating input score 58
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Fail
- 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: 13.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 2.96; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -31.7% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -21.6% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -8.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 50.7% of revenue deployed · 58.5% of spending went to programs
- Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $526K in reported program spending
- Leadership: top reported pay $113K · 18 people listed
- Highest-paid contractors: 3 contractors listed · $401K reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes related organizations
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.