COOPERATIVA DE AHORRO Y CREDITO MAUNABO

EIN: 660271958

MAUNABO, PR

Total Revenue
$15,172,740
Total Expenses
$9,611,849
Total Assets
$238,450,251
Net Assets
$85,575,403
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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
1965
Legal Domicile
PR
Principal Officer
CARLOS CRESPO
Phone
7878612240
Tax Period
2024-01-01 to 2024-12-31

COOPERATIVA DE AHORRO Y CREDITO MAUNABO, founded in 1965, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $5.6M, a strong 37% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS AND CLIENTS FOLLOWING 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 (2024)

Revenue Breakdown

Contributions & Grants $718,258
Program Service Revenue $0
Investment Income $12,425,266
Other Revenue $2,029,216
TOTAL REVENUE $15,172,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,795,344
Fundraising Expenses $0
Program Expenses $0
Other Expenses $6,816,505
TOTAL EXPENSES $9,611,849

Year-over-Year Comparison

2024 2023 Change
Revenue $15,172,740 $16,255,291 -0.1%
Expenses $9,611,849 $9,871,613 0.0%
Net Income $5,560,891 $6,383,678 -0.1%
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
9
Independent Members
9
Employees
57
Volunteers
9

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
11
$556,789
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS A CRESPO RAMOS EXECUTIVE PRESIDENT 40
Highest
$189,967 $0 $189,967
DORIS GOMEZ LUGO CREDIT ANALYST 40
Officer
$88,670 $0 $88,670
ANGEL RIVERA RUIZ FINANCE VICEPRESIDENT 40
Officer
$78,000 $0 $78,000
NOEMI SANCHEZ RODRIGUEZ QUALITY MANAGER 40
Officer
$58,178 $0 $58,178
HECTOR MELENDEZ RODRIGUEZ BRANCH MANAGER 40
Officer
$51,709 $0 $51,709
LILLIAN DEFENDINI ORTIZ BRANCH MANAGER 40
Officer
$44,283 $0 $44,283
NERY VALLE VEGA BRANCH MANAGER 40
Officer
$42,966 $0 $42,966
MERILYN RIVERA LEBRON BRANCH MANAGER 40
Officer
$42,037 $0 $42,037
KEILA SOSTRE LAMB BRANCH MANAGER 40
Officer
$41,746 $0 $41,746
NELLY CRUZ TORRES BRANCH MANAGER 40
Officer
$37,877 $0 $37,877
REBECCA GUTIERREZ PERALTA COLLECTION MANAGER 40
Officer
$36,712 $0 $36,712
EDDIE C LEBRON RIVERA MARKETING PROMOTION AND EDUCATION OFFICER 40
Officer
$34,611 $0 $34,611
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 $15,172,740 $9,611,849 $238,450,251 $5,560,891
2023 $16,255,291 $9,871,613 $235,618,166 $6,383,678
2022 $11,071,523 $8,923,943 $242,553,813 $2,147,580
2021 $11,072,933 $9,587,057 $243,358,008 $1,485,876
2020 $10,434,361 $9,810,625 $212,883,371 $623,736
2018 $10,753,880 $9,992,129 $185,733,128 $761,751
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