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

1969

Legal Domicile

Principal Officer

MILDRED PEREZ LEBRON

Phone

7878326555

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ, founded in 1969, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.2M, a strong 48% operating margin.

Mission

THE ORGANIZATION IS A CREDIT UNION THAT PROVIDES QUALITY FINANCING AND SAVING SERVICES TO MEMBERS AND NONMEMBERS.

Program Service Accomplishments

Program 1

REVENUES EARNED FROM LENDING AND SERVICES PROVIDED TO MEMBERS, ALSO FROM INVESTING ACTIVITIES. MEMBERS RECEIVE INTEREST PAYMENTS FOR THEIR DEPOSITS HELD IN THE STATE CREDIT UNION.

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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 $0

Program Service Revenue $0

Investment Income $4,017,881

Other Revenue $4,751,328

TOTAL REVENUE $8,769,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,313,971

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,288,299

TOTAL EXPENSES $4,602,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,769,209	$4,451,822	+1.0%
Expenses	$4,602,270	$4,221,545	+0.1%
Net Income	$4,166,939	$230,277	+17.1%

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

Governance

Voting Members

Independent Members

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

$76,249

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILDRED PEREZ LEBRON	Presidenta Ejecutiva	40	Key Emp Highest	$76,249	$0	$76,249
ISRAEL VALENTIN	DIRECTOR	4	Director	$0	$0	$0
OLGA M DOBLES BISBAL	SECRETARY	4	Director	$0	$0	$0
ENRIQUE MATIAS	President	4	Director	$0	$0	$0
MARTA IRIZARRY	DIRECTOR	4	Director	$0	$0	$0
NANCY RODRIGUEZ GONZALEZ	TREASURER	4	Director	$0	$0	$0
RAUL A PLA	Vicepresident	4	Director	$0	$0	$0
RAFAEL CARO CARO	SUBTREASURER	4	Director	$0	$0	$0

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	$8,769,209	$4,602,270	$94,051,075	$4,166,939
2022	$4,451,822	$4,221,545	$91,409,973	$230,277
2021	$4,205,135	$3,736,834	$97,815,831	$468,301
2020	$4,416,224	$3,888,749	$92,351,100	$527,475

COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ