Cooperativa De Ahorro Y Credito Morovena

Nonprofit profile at a glance

EIN
660329330
IRS 990 coverage
2012–2025
Forms available
Form 990 2025
Location
Morovis, PR, USA
Phone
7878627440
Rating
51
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$6,281,362
Expenses
$5,539,874
Assets
$103,969,371
Liabilities
$71,824,782

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • IVIS N VALLES RIVERA (EXECUTIVE PRESIDENT)

Highest reported compensation

  • IVIS N VALLES RIVERA (EXECUTIVE PRESIDENT): $111,553 total reported compensation
  • JESSICA I QUIJANO MORELL (VP OPERATIONS): $75,128 total reported compensation
  • YAJAIRA RIVERA NAZARIO (CONTROLLER): $65,860 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Investment-supported. 84% 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: 91
  • Sustainability: 63
  • Growth: 60

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; 63rd 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.8%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 18.77; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 53; 53rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.1% per year; rating input score 100; 12th percentile among comparable filings
  • Asset growth: 1.8% per year; rating input score 100; 16th 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 · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $112K · 4 people listed
  • Highest-paid contractors: 2 contractors listed · $374K reported
  • Consistency: 44 of 44 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 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.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Review — Sustainability: Officer compensation ratio scored 53/100.