Civic Intelligence

Cooperativa De Ahorro Y Credito De Aguada

EIN 66-0217490 • 501(c)14 • Aguada, Puerto Rico, RQ

Profile

To promote the saving among its members by savings deposits and financing services

PO Box 543Aguada, Puerto Rico 00602Rq

www.coopaguada.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)14 • $5M-$10M nonprofits • Source year 2021

Net Margin

31st percentile

-4.2%

Higher net margin than 31% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)14 • $5M-$10M nonprofits • Source year 2021

Asset Growth

12th percentile

-100%

Faster asset growth than 12% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-15%

Faster revenue growth than 13% of similar nonprofits.

501(c)14 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$0

Down $190,471,174 (-100%) from 2020

Liabilities

Down

$0

Down $250,232,508 (-100%) from 2020

Net Assets

Up

$0

Up $59,761,334 (+100%) from 2020

Revenue

Down

$7,181,261

Down $1,220,684 (-15%) from 2020

Expenses

Down

$7,480,646

Down $361,439 (-4.6%) from 2020

Net Income

Down

-$299,385

Down $859,245 (-153%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0-$200MAssets 2011: $476,968,535Liabilities 2011: $463,714,905Net Assets 2011: $13,253,6302011Assets 2012: $465,424,838Liabilities 2012: $459,457,937Net Assets 2012: $5,966,9012012Assets 2013: $414,158,316Liabilities 2013: $438,904,861Net Assets 2013: -$24,746,5452013Assets 2014: $374,977,043Liabilities 2014: $400,055,062Net Assets 2014: -$25,078,0192014Assets 2015: $362,361,019Liabilities 2015: $357,359,928Net Assets 2015: $5,001,0912015Assets 2016: $315,263,231Liabilities 2016: $313,584,455Net Assets 2016: $1,678,7762016Assets 2017: $217,962,985Liabilities 2017: $283,397,848Net Assets 2017: -$65,434,8632017Assets 2018: $189,861,348Liabilities 2018: $254,728,926Net Assets 2018: -$64,867,5782018Assets 2019: $174,005,226Liabilities 2019: $237,097,952Net Assets 2019: -$63,092,7262019Assets 2020: $190,471,174Liabilities 2020: $250,232,508Net Assets 2020: -$59,761,3342020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50M-$100MExpenses 2011: $37,164,5322011Expenses 2012: $22,162,0852012Revenue 2013: $20,459,562Expenses 2013: $22,152,805Net Income 2013: -$1,693,2432013Revenue 2014: $21,093,823Expenses 2014: $24,000,218Net Income 2014: -$2,906,3952014Revenue 2015: $17,794,261Expenses 2015: $15,068,904Net Income 2015: $2,725,3572015Revenue 2016: $13,015,218Expenses 2016: $15,828,415Net Income 2016: -$2,813,1972016Revenue 2017: $10,144,709Expenses 2017: $77,430,056Net Income 2017: -$67,285,3472017Revenue 2018: $22,599,767Expenses 2018: $22,050,937Net Income 2018: $548,8302018Revenue 2019: $10,002,293Expenses 2019: $8,463,265Net Income 2019: $1,539,0282019Revenue 2020: $8,401,945Expenses 2020: $7,842,085Net Income 2020: $559,8602020Revenue 2021: $7,181,261Expenses 2021: $7,480,646Net Income 2021: -$299,3852021

Highlighted filing

2021

Revenue$7,181,261
Expenses$7,480,646
Net Income-$299,385

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Dec 7, 2022
Return Version
2021v4.0
Gross Receipts
$7,181,261
Mission and Program Overview

Mission

To promote the saving among its members by savings deposits and financing services

To promote the saving among its members by savings deposits and financing services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$106,178,758$0▼ $106,178,758
Cash and Non-Interest-Bearing Accounts$24,255,359$0▼ $24,255,359
Investments Program Related$14,842,106$0▼ $14,842,106
Investments Other Securities$11,700,894$0▼ $11,700,894
Land, Buildings, and Equipment, Net$11,208,131--
Savings and Temporary Cash Investments$3,650,000$0▼ $3,650,000
Receivables From Officers Etc$75,265$0▼ $75,265
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-59,761,334$0▲ $59,761,334
Total Assets$190,471,174$0▼ $190,471,174
Other Assets Total$18,560,661$0▼ $18,560,661
Liabilities
Other Liabilities$244,995,899--
Accounts Payable and Accrued Expenses$5,236,609$0▼ $5,236,609
Total Liabilities$250,232,508$0▼ $250,232,508
Net Assets / Fund Balance
Total Net Assets Fund Balance$-59,761,334$0▲ $59,761,334
Total Liabilities and Net Assets / Fund Balance$190,471,174$0▼ $190,471,174
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patricia E ColonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,237,235
Other Revenue
$944,026
Change in Net Assets
$-299,385
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,192,458
Salaries, Compensation, and Employee Benefits$1,288,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$0$1,616,754$0$1,616,754
Other Salaries and Wages$0$1,047,139$0$1,047,139
All Other Expenses$0$644,564$0$644,564
Insurance$0$479,717$0$479,717
Depreciation Depletion$0$341,837$0$341,837
Fees for Services Other$0$327,332$0$327,332
Office Expenses$0$163,444$0$163,444
Other Expenses$0$135,205$0$135,205
Payroll Taxes$0$117,512$0$117,512
Other Employee Benefits$0$86,373$0$86,373
Occupancy$0$63,750$0$63,750
Pension Plan Contributions$0$37,164$0$37,164
Advertising$0$32,306$0$32,306
Fees for Services Accounting$0$25,000$0$25,000
Total Functional Expenses$0$7,480,646$0$7,480,646
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$75,265$0▼ $75,265
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The credit union ceased operations on october 29, 2021

Form 990, Part VI, Section A, Line 8B

The credit union ceased operations on october 29, 2021

Form 990, Part VI, Section B, Line 11B

The trustee reviewed the form before submission.

Form 990, Part VI, Section C, Line 19

The credit union ceased operations on october 29, 2021. Documents are being held by another state credit union.

Filing and Contact Details

Filer

Filer Name
Cooperativa De Ahorro Y Credito De Aguada
EIN
66-0217490
Phone
7878682115
Address
RQ

Signing Officer

Name
Patricia E Colon
Title
Trustee-administrator
Phone
7878682115
Signed
2022-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia E Colon
Formed
1948
Legal Domicile
Pr
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
CPA Benjamin Rosario Rosario
Address
RQ
Preparer
Benjamin Rosario
Phone
7879226222
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

The credit union ceased operations on october 29, 2021 and the regulator assume losses and transfer the assets and liabilities to four other credit unions.

Raw XML AppendixShowing 400 of 417 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/ForeignAddress/ForeignPostalCd000677
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/ForeignAddress/ProvinceOrStateNm0PR
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0INVESTMENTS BASED ON BROKERS' STATEMENT OF ACCOUNTS, REAL ESTATE BASED ON APPRAISAL REPORTS, CASH, LOANS AND OTHER ASSETS BASED ON HISTORICAL COSTS.
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CREDIT UNION CEASED OPERATIONS ON OCTOBER 29, 2021
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION CEASED OPERATIONS ON OCTOBER 29, 2021
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEE REVIEWED THE FORM BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CREDIT UNION CEASED OPERATIONS ON OCTOBER 29, 2021. DOCUMENTS ARE BEING HELD BY ANOTHER STATE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CREDIT UNION CEASED OPERATIONS ON OCTOBER 29, 2021 AND THE REGULATOR ASSUME LOSSES AND TRANSFER THE ASSETS AND LIABILITIES TO FOUR OTHER CREDIT UNIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0COOP AC AGUADA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0660758381
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MANAGING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0MULTICOOP DEL OESTE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0BO ASOMANTE CARR 115 KM 24 H6
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0AGUADA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0PR
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd000602
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PR
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0190471174
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0190471174
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07480646
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt07480646
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0250232508
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0250232508
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-59761334
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07181261
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07181261
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0190471174
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.coopaguada.com
IRS990/WhistleblowerPolicyInd00
ReasonableCauseExplanation/ExplanationTxt0The credit union ceased operations on october 29, 2021. Other information to point out is disclosed as follows: 1) All reported program and other revenues are directly related to its exempt purpose. This Credit Union main revenues were interest from loans to members and investments. 2) This Credit Union records as revenues, charges made for services provided related to members' deposit accounts. 3) All sources of income are within the requirements provided by Puerto Rico law 255 effective since October 28, 2002. 4) This Institution is a Puerto Rico entity not subject to Federal Taxation due to section 933 of the IRC. 5) The reason form 990 has been filed every year was due to requirements from a local governmental agency (la Corporación para la Supervisión y Seguro de Cooperativas de Puerto Rico - COSSEC) which is the agency that regulates this institution. 6) This Credit Union does not receive donations from the Public, private entities or the membership because of the nature of this institution. PLEASE TAKE INTO CONSIDERATION THE INFORMATION PROVIDED AS REASONABLE CAUSE TO AVOID ANY PENALTIES.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICIA E COLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE-ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07878682115
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COOPERATIVA DE AHORRO Y CREDITO DE AGUADA
ReturnHeader/Filer/BusinessNameControlTxt0COOP
ReturnHeader/Filer/EIN0660217490
ReturnHeader/Filer/ForeignAddress/AddressLine1Txt0PO BOX 543
ReturnHeader/Filer/ForeignAddress/CityNm0AGUADA
ReturnHeader/Filer/ForeignAddress/CountryCd0RQ
ReturnHeader/Filer/ForeignAddress/ForeignPostalCd000602
ReturnHeader/Filer/ForeignAddress/ProvinceOrStateNm0PUERTO RICO

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