Cooperativa Ahorro Y Credito Abraham Rosa

Nonprofit profile at a glance

EIN
660313974
IRS 990 coverage
2013–2020
Forms available
Form 990 2020
Location
Toa Baja, PR, USA
Phone
7876223055
Rating
49
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$3,096,229
Expenses
$4,359,257
Assets
$104,708,981
Liabilities
$92,672,966

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • LUIS R LOPEZ ROMAN (PRESIDENT)
  • LUIS A RIVERA NEGRON (VICE PRESIDENT OF CREDIT)
  • CARMEN B SERRANO RODRIGUEZ (VICE PRESIDENT OF OPERATIONS)

Highest reported compensation

  • LUIS R LOPEZ ROMAN (PRESIDENT): $108,428 total reported compensation
  • LUIS A RIVERA NEGRON (VICE PRESIDENT OF CREDIT): $53,700 total reported compensation
  • CARMEN B SERRANO RODRIGUEZ (VICE PRESIDENT OF OPERATIONS): $52,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization does savings and deposits

What it reported doing in 2020

The organization had interest income and other income from its operations of $3,096,229 and it had total expenses of $4,359,257.

Operating model

Revenue model
Investment-supported. 90% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -40.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 24.02; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 5.9%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -6.5% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 0.3% per year; rating input score 100; 18th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $108K · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $118K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2013 to 2020
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.