COOPERATIVA DE AHORRO Y CREDITO DE ARECIBO (EIN 660190521) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

WILFREDO GONZALEZ IRIZARRY

Phone

7878782095

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVA DE AHORRO Y CREDITO DE ARECIBO, founded in 1947, is a mid-sized nonprofit that reported $48.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $13.5M, a strong 28% operating margin.

Mission

THIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,770,791

Program Service Revenue $0

Investment Income $38,485,565

Other Revenue $6,648,412

TOTAL REVENUE $48,904,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,613,606

Fundraising Expenses $0

Program Expenses $0

Other Expenses $24,760,755

TOTAL EXPENSES $35,374,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,904,768	$44,038,603	+0.1%
Expenses	$35,374,361	$34,323,202	+0.0%
Net Income	$13,530,407	$9,715,401	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

314

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$245,406

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS GERENA RUIZ	EXECUTIVE PRESIDENT	60	Highest	$93,692	$0	$93,692
IDALIA ORTIZ	VP OF FINANCE	50	Key Emp	$85,557	$0	$89,677
WILFREDO GONZALEZ IRRIZARY	VP OF ADMINISTRATIVE	50	Key Emp	$70,789	$0	$80,412
ANA M RODRIGUEZ	VP OPERATIONS	50	Key Emp	$68,420	$0	$75,317

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$48,904,768	$35,374,361	$829,556,939	$13,530,407
2022	$44,038,603	$34,323,202	$794,614,801	$9,715,401
2021	$37,267,661	$32,183,531	$793,590,464	$5,084,130
2020	$34,446,812	$30,888,927	$714,602,958	$3,557,885
2019	$32,828,294	$30,518,604	$602,935,285	$2,309,690
2018	$32,248,247	$30,073,857	$594,474,338	$2,174,390

COOPERATIVA DE AHORRO Y CREDITO DE ARECIBO