COOPERATIVA DE AHORRO Y CREDITO MOROVENA (EIN 660329330) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

IVIS N VALLES RIVERA

Phone

7878627440

Tax Period

2024-01-01 to 2024-12-31

COOPERATIVA DE AHORRO Y CREDITO MOROVENA, founded in 1953, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.8M, a strong 27% operating margin.

Mission

TO PROVIDE FINANCIAL SERVICES AS LOANS SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPE IN PUERTO RICO. ALSO, CREDIT UNION MAKEA SOCIAL INVESMENT IN THE COMMUNITY.

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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 $5,121,848

Other Revenue $1,569,843

TOTAL REVENUE $6,691,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,403,077

Fundraising Expenses $0

Program Expenses $0

Other Expenses $3,498,930

TOTAL EXPENSES $4,902,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,691,691	$8,648,954	-0.2%
Expenses	$4,902,007	$4,666,438	+0.1%
Net Income	$1,789,684	$3,982,516	-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

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

$217,727

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVIS N VALLES RIVERA	EXECUTIVE PRESIDENT	40	Key Emp	$92,053	$0	$92,053
YAJAIRA RIVERA NAZARIO	CONTROLLER	40	Key Emp	$56,986	$0	$56,986
JONATHAN ROSA QUINONEZ	OFFICER OF COMPLIANCE	40	Key Emp	$43,230	$0	$43,230
JESSICA I QUIJANO MORELL	VP OPERATIONS	40	Key Emp	$25,458	$0	$25,458

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	$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

COOPERATIVA DE AHORRO Y CREDITO MOROVENA