COOPERATIVA DE AHORRO Y CREDITO DE RINCON

EIN: 660228482

RINCON, PR

Total Revenue
$27,176,725
Total Expenses
$21,396,754
Total Assets
$738,053,311
Net Assets
$281,826,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
PR
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

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

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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%)

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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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Governance

Voting Members
N/A
Independent Members
N/A
Employees
87
Volunteers
15

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
0
$0
Total Directors
0
$0
Key Employees
1
$109,964
Highest Compensated
1
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
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