Universal Technology College of Pr Inc

Nonprofit profile at a glance

EIN
660439432
IRS 990 coverage
2022–2023
Forms available
Form 990 2023
Location
Aguadilla, PR, USA
Phone
7878822065
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Official website

Reported finances

Revenue
$3,082,531
Expenses
$3,432,707
Assets
$9,989,132
Liabilities
$1,655,966

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • KEILA L LOPEZ RIVERA (EXECUTIVE PRESIDENT)
  • LUIS A LOPEZ VALE (PRESIDENT BOARD OF DIRECTORS)

Highest reported compensation

  • KEILA L LOPEZ RIVERA (EXECUTIVE PRESIDENT): $41,224 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

UNITEC is committed to the holistic development of its students by providing education that fosters both technological and humanistic growth, in response to current job market demands and social and economic conditions. The institution strives to educate individuals with intellectual freedom and moral awareness, promoting open, pluralistic dialogue and contributing to a more authentic and compassionate Puerto Rican society. As a post-secondary institution, UNITEC offers students academic opportunities, knowledge, and skills for personal fulfillment, productive economic lives, and meaningful contributions to society. Faculty and students are viewed as essential participants in building a just and peaceful society. UNITEC believes education is a lifelong process that requires a stimulating environment to support students? growth and potential. Academic and training needs of students seeking to develop strong technical and professional skills is addressed through high quality education.

What it reported doing in 2023

As a multidisciplinary institution, Unitec provides comprehensive post-secondary education and practical training to undergraduate students, preparing them to succeed across diverse fields.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
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

MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 83
  • Accountability: 31
  • Sustainability: 43
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.5%; rating input score 65
  • Program expense ratio: 58.8%; rating input score 59
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th 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: Limited
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.4%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 2.91; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -12.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 65.5% of revenue deployed · 58.8% of spending went to programs
  • Governance: 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.4M in reported program spending
  • Leadership: top reported pay $41K · 5 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2022 to 2023
  • 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.

Key Signals

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

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • Review — Accountability: Governance controls: Conflict-of-interest policy not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.