Puerto Rico Manufacturing Extension Primex INC
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Helps Puerto Rican businesses adopt new technologies and practices through training and financial aid. For fiscal year 2024 it reported $2.8M in revenue, $2.8M in expenses, and $3.7M in net assets.Pt I
Summary of the Filing
Where the work happens
The Puerto Rico Manufacturing Extension Inc. (PRiMEX) is a private non-profit organization, organized in 1996 through the initiative of Puerto Rico Industrial Development Company (PRIDCO) and the Manufacturing Extension Partnership (MEP), a program under the National Institute of Standards and Technology (NIST).
The Supply Chain program seeks to encourage and help all small businesses to optimize their supply chain with access to an exclusive database to connect with the different suppliers on the island.
TThe project benefits small and medium companies located in eleven (11) rural municipalities of Puerto Rico with access to PRiMEX's proven industry-tested business methodologies, resources, and tools.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Ramon Vega’s $111K as Executive Director is at the 26th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Ramon Vega | $111,069 | $104,643 | $102,050 | $91,431 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 92% | — | — |
| Overhead ratio | 8% | — | — |
| Revenue growth | -20% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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