COOPERATIVA DE AHORRO Y CREDITO MOROVENA

EIN: 660329330

MOROVIS, PR

Total Revenue
$6,281,362
Total Expenses
$5,539,874
Total Assets
$103,969,371
Net Assets
$32,144,589
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
PR
Principal Officer
IVIS N VALLES RIVERA
Phone
7878627440
Tax Period
2025-01-01 to 2025-12-31

COOPERATIVA DE AHORRO Y CREDITO MOROVENA, founded in 1953, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Expenses of $5.5M left a modest 12% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES AS LOANS SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO CREDIT UNION MAKE A SOCIAL INVESTMENT IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $6,281,362

THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL...

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THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS PERSONAL LOANS MORTGAGE LOANS COMMERCIAL LOANS RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES. INTEREST INCOME OF 6,281,362 AND TOTAL EXPENSES OF 5,539,874.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,293,189
Other Revenue $988,173
TOTAL REVENUE $6,281,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,838,755
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,701,119
TOTAL EXPENSES $5,539,874

Year-over-Year Comparison

2025 2024 Change
Revenue $6,281,362 $6,691,691 -0.1%
Expenses $5,539,874 $4,902,007 +0.1%
Net Income $741,488 $1,789,684 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
50
Volunteers
14

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
4
$303,780
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVIS N VALLES RIVERA EXECUTIVE PRESIDENT 40.00
Key Emp
$111,553 $0 $111,553
YAJAIRA RIVERA NAZARIO CONTROLLER 40.00
Key Emp
$65,860 $0 $65,860
JONATHAN ROSA QUINONEZ OFFICER OF COMPLIANCE 40.00
Key Emp
$51,239 $0 $51,239
JESSICA I QUIJANO MORELL VP OPERATIONS 40.00
Key Emp
$75,128 $0 $75,128
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 $6,281,362 $5,539,874 $103,969,371 $741,488
2024 $6,691,691 $4,902,007 $102,146,141 $1,789,684
2023 $8,648,954 $4,666,438 $105,307,292 $3,982,516
2022 $4,630,080 $3,845,711 $102,430,082 $784,369
2021 $4,097,760 $3,662,086 $104,195,562 $435,674
2020 $4,285,880 $3,649,648 $96,822,240 $636,232
2019 $4,391,671 $4,138,351 $82,769,839 $253,320
2018 $4,334,998 $4,123,033 $88,888,822 $211,965
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