COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC Charity Report

Public IRS 990 nonprofit record

COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC

EIN 66-0220429 · Telecommunications (W50)

What they do

to OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES and DEPOSITS and OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$77.60spent for every $100 of revenueRevenue covered expenses this year.

77.60%of revenue went to management and office costs100.0% of expenses

$16.86in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $168,600 for CANDIDO RIVERA LOPEZ (EXECUTIVE PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$23,873,690

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$18,526,03977.60% of revenue100.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,347,65122.40% of revenueShown in gray on the chart

Total expenses$18,526,03977.60% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 77.60% of revenue

2023Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 71.81% of revenue

2022Expense mix: 72.0% mission · 28.0% management · 0.0% fundraisingTotal expenses: 77.10% of revenue

2021Expense mix: 56.0% mission · 44.0% management · 0.0% fundraisingTotal expenses: 81.51% of revenue

2020Expense mix: 59.6% mission · 40.4% management · 0.0% fundraisingTotal expenses: 85.83% of revenue

2019Expense mix: 56.2% mission · 43.8% management · 0.0% fundraisingTotal expenses: 83.33% of revenue

2018Expense mix: 41.5% mission · 58.5% management · 0.0% fundraisingTotal expenses: 87.10% of revenue

2017Expense mix: 47.2% mission · 60.5% management · 0.0% fundraisingTotal expenses: 85.28% of revenue

Money in and money out

Revenue$23,873,690

Expenses$18,526,039

Annual surplus $5,347,651 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$18,526,039 · 100.0% of expenses

See all reported dollar amounts

Revenue$23,873,690

Expenses$18,526,039

Assets$312,426,829

Income$23,873,690

Management and general$18,526,039

Stocks and bonds$43,903,212

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CANDIDO RIVERA LOPEZEXECUTIVE PRESIDENT $168,600

ANDERSON MARTINEZ COLONVICE PRESIDENT OF FINANCE $75,075

JOSEAN PAGAN KUILANVICE PRESIDENT OF OPERATIONS $65,272

SORRY ADROVETVICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE $55,997

MILAGROS ROMEROVICE PRESIDENT ADMINISTRATION · 40 hrs/week $51,895

IRIS ROMERODEPARTMENT MANAGER SYSTEMS · 40 hrs/week $48,105

NORAIDA RODRIGUEZ CONCEPCIONOFFICE COMPLIANCE · 40 hrs/week $45,765

BRIGMARIAN SANCHEZHUMAN RESOURCES OFFICER · 40 hrs/week $43,856

MARIA MELENDEZ ZAYASLOAN MANAGER · 40 hrs/week $42,978

DIANA NEGRON JIMENEZINTERNAL AUDITOR · 40 hrs/week $42,894

VANESSA ROMEROBRANCH MANAGER MANATI PLAZA · 40 hrs/week $40,562

SHERLY MUNOZSUC MANAGER VEGA BAJA · 40 hrs/week $40,444

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

CANDIDO RIVERA LOPEZEXECUTIVE PRESIDENT

ANDERSON MARTINEZ COLONVICE PRESIDENT OF FINANCE

JOSEAN PAGAN KUILANVICE PRESIDENT OF OPERATIONS

SORRY ADROVETVICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE

MILAGROS ROMEROVICE PRESIDENT ADMINISTRATION

IRIS ROMERODEPARTMENT MANAGER SYSTEMS

NORAIDA RODRIGUEZ CONCEPCIONOFFICE COMPLIANCE

BRIGMARIAN SANCHEZHUMAN RESOURCES OFFICER

MARIA MELENDEZ ZAYASLOAN MANAGER

DIANA NEGRON JIMENEZINTERNAL AUDITOR

VANESSA ROMEROBRANCH MANAGER MANATI PLAZA

SHERLY MUNOZSUC MANAGER VEGA BAJA

YOLANDA OTEROBRANCH MANAGER BARCELONETA

EMILY CARNEVALEBRANCH MANAGER CALES CENTER

SAGER RODRIGUEZBRANCH MANAGER EXPRESS CIALES

LUIS ROBLESDEPARTMENT MANAGER COLLECTIONS

ZALLIA CARDONAEXECUTIVE SECRETARY

JOEL ROLON ALINDATOBOARD OF DIRECTORS

ANIBAL DELGADOBOARD OF DIRECTORS

RICARDO ALVAREZ CLASBOARD OF DIRECTORS

HERIBERTO MARTINEZ GONZALEZBOARD OF DIRECTORS

HECTOR AULET MEJIASBOARD OF DIRECTORS

ANGEL NOGUERASBOARD OF DIRECTORS

DORIS CLASSBOARD OF DIRECTORS

CARMEN SOTO CABANBOARD OF DIRECTORS

CARLOS COLON RAMOSBOARD OF DIRECTORS

About this charity

Recognized since: January 1986
Location: PO BOX 30562, MANATI, PR 00674-8516
In care of: CANDIDO RIVERA
Primary officer: CANDIDO RIVERA, EXECUTIVE PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(787) 854-2214 Officer phone(787) 622-8855

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: LLAVONA CASAS CPA PSC
NTEE classification: Telecommunications (W50)
IRS tax category: Telecommunications