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

1957

Legal Domicile

Principal Officer

XIOMARA PAGAN SOTOMAYOR

Phone

7878222630

Tax Period

2024-01-01 to 2024-12-31

COOPERATIVA DE AHORRO Y CREDITO DE FLORIDA, founded in 1957, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 26% operating margin.

Mission

THE ORGANIZATIONS MISSION ARE PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATIONS MISSION IS TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AND THE COMMUNITY IN GENERAL. THE CREDIT UNION KEEPS PROVIDING FINANCIAL SERVICES TO ITS MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,699,810

Other Revenue $644,123

TOTAL REVENUE $4,343,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,057,836

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,146,264

TOTAL EXPENSES $3,204,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,343,933	$6,828,154	-0.4%
Expenses	$3,204,100	$3,355,057	0.0%
Net Income	$1,139,833	$3,473,097	-0.7%

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

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

$156,521

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Xiomara Pagan Sotomayor	Executive President	40.00	Key Emp	$65,308	$0	$65,308
Zoraida Miranda Viera	Vicepresident	40.00	Key Emp	$50,016	$0	$50,016
Angilberto Rivera Ayala	BRANCH MANAGER	40.00	Key Emp	$41,197	$0	$41,197

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
2025	No data	No data	No data	No data
2024	$4,343,933	$3,204,100	$61,811,565	$1,139,833
2023	$6,828,154	$3,355,057	$61,765,952	$3,473,097
2022	$3,033,328	$2,354,139	$60,601,725	$679,189
2021	$5,571,964	$3,786,475	$60,853,752	$1,785,489

COOPERATIVA DE AHORRO Y CREDITO DE FLORIDA