Hpm Foundation Inc
84% goes to programs $0 to raise $100 Strong reserves
Hpm Foundation Inc is a 501(c)(3) organization based in San Juan, Puerto Rico, registered in 1993, with $60,529,189 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
Po Box 14557, San Juan, PR, 00916 EIN 66-0437924 Since 1993
Revenue (FY2024)
$60.5M
▼ 0.9% vs prior year
Health median: $840K
Expenses (FY2024)
$59.6M
Net assets
$35.2M
Employees
268
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hpm Foundation Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hpm Foundation Inc: 7 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hpm Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hpm Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide primary ambulatory, supplemental and environmental health services to the medically underserved residents in the santurce ward.
Contact & location
- Address
- Po Box 14557, San Juan, PR, 00916
- City
- San Juan
- State
- Puerto Rico
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.4M (FY2019) to $60.5M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.8MNet assets $35.2M
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$38.0M
Total liabilities
$2.8M
Net assets
$35.2M
Salaries & benefits
$13.3M
22% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,529,189▼0.9% | $59,628,305▲2.9% | $35,208,213▲2.6% | $38,034,279▲2.7% | 990 |
| 2023 | $61,059,570▲0.2% | $57,945,650▲1.5% | $34,307,329▲10.0% | $37,051,813▲12.8% | 990 |
| 2022 | $60,915,741▲7.2% | $57,103,140▲8.1% | $31,193,409▲13.9% | $32,852,613▲10.7% | 990 |
| 2021 | $56,807,836▲6.7% | $52,825,870▲7.0% | $27,380,808▲17.0% | $29,670,863▲14.0% | 990 |
| 2020 | $53,248,661▲35.3% | $49,388,826▲28.0% | $23,398,842▲19.8% | $26,018,115▲17.5% | 990 |
| 2019 | $39,370,319 | $38,579,869 | $19,539,007 | $22,146,665 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ivonne Rivera Hernandez — $229,581 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ivonne Rivera Hernandez | Executive Director | 40 | $229,581 |
| Jorge F Vazquez Perez | Medical Director | 40 | $184,725 |
| Hector L Villanueva Rodriguez | Clinical Consultant | 35 | $175,026 |
| Alwin L Torres Ortiz | General Practitioner | 35 | $152,111 |
| Juan M Roman Vega | General Practicioner | 35 | $149,267 |
| Ivonne M Rosario Calderon | Pharmacy Graduate | 35 | $135,823 |
| Deborah Mendez Gines | General Practicioner | 35 | $129,447 |
| Miguel A Rivera Viera | Family Doctor | 35 | $128,999 |
| Ivette A Perez Pagan | General Practitioner | 35 | $126,847 |
| Jose J Beltran Shuck | General Practitioner | 35 | $125,236 |
| Grissel Munoz Vargas | Pediatric Doctor | 35 | $123,201 |
| Aileen D Lucca Colon | Pediatric Doctor | 35 | $118,429 |
| Marangely Collazo Vega | Pharmacist | 35 | $117,765 |
| Darrelle M Villarini Cordova | Pediatric Doctor | 35 | $117,614 |
| Graciela V Laureano Ruiz | Pharmacist | 35 | $116,547 |
| Edwin E Pagan Lopez | Internist | 35 | $115,335 |
| Luis A Martinez Rivera | Family Doctor | 35 | $115,198 |
| Robert Cabello Lugo | Finance Director | 40 | $115,132 |
| Limary Cordero Rivera | General Practitioner | 35 | $114,678 |
| Waleska Valentin Ponce | Dentist | 35 | $100,804 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| London Consulting Group | Administrative | $553,936 |
| Excel Professional Service Corp | X-ray | $351,315 |
| Immuno Reference Lab Ammvr Group Inc | Laboratory | $290,706 |
| Rm Group Inc | Repair & Maintenance Facility | $288,097 |
| Marcos Velez Cacho | Physician | $209,250 |
Grants received · $21.5M total
35 grants to Hpm Foundation Inc totaling $21.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2024 | $74,011 |
| Yale University | Subaward - sponsored research | 2023 | $291,407 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2023 | $46,805 |
| Americares Foundation Inc | Ongoing | 2023 | $24,010 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2022 | $139,599 |
| Yale University | Subaward - sponsored research | 2022 | $106,034 |
| Direct Relief | Abbvie pr infrastructure, equipment | 2021 | $1,520,000 |
| Yale University | Subaward - sponsored research | 2021 | $149,425 |
| Americares Foundation Inc | Ongoing | 2021 | $34,888 |
| Americares Foundation Inc | Ongoing | 2021 | $34,888 |
| Direct Relief | Support to us clinics & health centers for low-income, uninsured patients | 2021 | $18,536 |
| Direct Relief | Abbvie pr infrastructure, equipment, abbvie pr mobile health, abbvie pr emergency prep & resp, covid19-us | 2020 | $85,928 |
| Direct Relief | Abbvie pr infrastructure, equipment, abbvie pr mobile health, abbvie pr emergency prep & resp, covid19-us | 2020 | $85,928 |
| Direct Relief | Abbvie pr infrastructure, equipment, abbvie pr mobile health, abbvie pr emergency prep & resp, covid19-us | 2020 | $85,928 |
| Direct Relief | Abbvie pr infrastructure, equipment, abbvie pr mobile health, abbvie pr emergency prep & resp, covid19-us | 2020 | $85,928 |
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Frequently asked questions
- Is Hpm Foundation Inc a legitimate nonprofit?
- Yes. Hpm Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 66-0437924, based in San Juan, Puerto Rico. Donations are tax-deductible.
- What is Hpm Foundation Inc's EIN?
- Hpm Foundation Inc's Employer Identification Number (EIN) is 66-0437924.
- How much revenue does Hpm Foundation Inc report?
- Hpm Foundation Inc reported $60,529,189 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hpm Foundation Inc's spending goes to programs?
- Hpm Foundation Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hpm Foundation Inc have?
- CharityIndex grades Hpm Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Hpm Foundation Inc's highest-paid employee make?
- The highest reported compensation on Hpm Foundation Inc's latest Form 990 is $229,581, paid to Ivonne Rivera Hernandez (Executive Director).
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Data for Hpm Foundation Inc (EIN 66-0437924) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.