CONNECTED CREDIT UNION (EIN 010409063) - 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

1967

Legal Domicile

Principal Officer

CATHY BOND

Phone

2076233857

Tax Period

2024-01-01 to 2024-12-31

CONNECTED CREDIT UNION, founded in 1967, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 21% operating margin.

Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

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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 $3,397,971

Investment Income $1,790,761

Other Revenue $1,487,150

TOTAL REVENUE $6,675,882

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,764,357

Fundraising Expenses $0

Other Expenses $2,322,483

TOTAL EXPENSES $5,305,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,675,882	$5,874,203	+0.1%
Expenses	$5,305,769	$4,797,137	+0.1%
Net Income	$1,370,113	$1,077,066	+0.3%

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

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

$453,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA SUGA	CHAIRMAN	0.00	Officer Director	$0	$0	$0
HEATHER BROWNE	SECRETARY	0.00	Officer Director	$0	$0	$0
HANNAH DOBLE	TREASURER	0.00	Officer Director	$0	$0	$0
ALICE DRUMMOND	DIRECTOR	0.00	Director	$0	$0	$0
KAREN HARRINGTON	VICE-CHAIR	0.00	Officer Director	$0	$0	$0
DENNIS SCATES	DIRECTOR	0.00	Director	$0	$0	$0
MILES WHITLOCK	DIRECTOR	0.00	Director	$0	$0	$0
KELLEY WATHEN	CFO	40.00	Officer	$105,976	$25,327	$131,303
CATHY BOND	PRESIDENT	40.00	Officer	$146,072	$33,028	$179,100
LYNN STRATTON	CLO	40.00	Officer	$114,021	$28,743	$142,764

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	$6,675,882	$5,305,769	$122,170,888	$1,370,113
2023	$5,874,203	$4,797,137	$118,978,136	$1,077,066
2022	$4,668,287	$3,785,914	$119,172,274	$882,373
2021	$4,204,560	$3,686,213	$117,326,918	$518,347
2020	$4,444,754	$4,072,567	$107,608,255	$372,187
2019	$2,232,862	$2,085,182	$45,768,152	$147,680

CONNECTED CREDIT UNION