COOPERATIVA DE AHORRO Y CREDITO DE… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

CARMELO ROSARIO NIEVES

Phone

7878231515

Tax Period

2020-07-01 to 2021-06-30

COOPERATIVA DE AHORRO Y CREDITO DE RINCON, founded in 1955, is a mid-sized nonprofit that reported $27.2M in total revenue in fiscal year 2020. The organization ran a surplus of $5.8M, a strong 21% operating margin.

Mission

To obtain savings deposits from its members as shares and deposits and financing sources in accordance with the cooperative movement philosophy.

Program Service Accomplishments

Program 1

Expenses: $6,476,464 Revenue: $27,176,725

DURING THE FISCAL YEAR ENDED ON JUNE 30, 2021 THE INSTITUTION OBTAINED SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS PROVIDING FINANCING TERMS AND CONDITION, INTEREST AND INSURANCE...

DURING THE FISCAL YEAR ENDED ON JUNE 30, 2021 THE INSTITUTION OBTAINED SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS PROVIDING FINANCING TERMS AND CONDITION, INTEREST AND INSURANCE BENEFITS IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. THE INSTITUTION SERVES APPROXIMATELY 30,000 MEMBERS AND IS A TAX EXEMPT ORGANIZATIONS IN PR

Program 2

Expenses: $0 Revenue: $0

OTHERS

Program 3

Expenses: $0 Revenue: $0

OTHERS

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,025,669

Investment Income $5,684,864

Other Revenue $2,466,192

TOTAL REVENUE $27,176,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,407,629

Fundraising Expenses $0

Program Expenses $6,476,464

Other Expenses $17,622,652

TOTAL EXPENSES $21,396,754

Year-over-Year Comparison

	2020	2019	Change
Revenue	$27,176,725	$25,495,635	+0.1%
Expenses	$21,396,754	$19,677,181	+0.1%
Net Income	$5,779,971	$5,818,454	0.0%

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

N/A

Independent Members

N/A

Employees

Volunteers

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

$109,964

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMELO ROSARIO NIEVES	EXECUTIVE PRESIDENT	60	Key Emp Highest	$109,964	$0	$109,964

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
2021	$27,176,725	$21,396,754	$738,053,311	$5,779,971

COOPERATIVA DE AHORRO Y CREDITO DE RINCON