BROTHERHOOD CREDIT UNION (EIN 041126132) - 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

1934

Legal Domicile

Principal Officer

ADAM H SHERMAN

Phone

7815985555

Tax Period

2023-01-01 to 2023-12-31

BROTHERHOOD CREDIT UNION, founded in 1934, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 13% surplus.

Mission

CREDIT UNION MEMBER 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,467,326

Investment Income $2,050,828

Other Revenue $236,169

TOTAL REVENUE $4,754,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,805,116

Fundraising Expenses $0

Other Expenses $2,351,407

TOTAL EXPENSES $4,156,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,754,323	$3,117,598	+0.5%
Expenses	$4,156,523	$3,271,384	+0.3%
Net Income	$597,800	$-153,786	-4.9%

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

$401,172

Total Directors

$7,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM H SHERMAN	PRESIDENT/CE	40.00	Officer	$173,383	$35,659	$209,042
MARILYN DESIMONE	CHIEF OPER O	40.00	Officer	$156,698	$27,987	$184,685
JAMES J SHERMAN	ADVISORADMIN	12.00	Officer Director	$7,090	$355	$7,445
JOSE ALAS-RUIZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL COHEN	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD FIELD	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD KESSEL	CLERK	2.00	Officer Director	$0	$0	$0
DARREN KLEIN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SAGAN	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD I SHADOFF	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN SHUMAN	TREASURER	4.00	Officer Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$4,754,323	$4,156,523	$111,888,397	$597,800
2022	$3,117,598	$3,271,384	$120,701,668	$-153,786
2021	$3,001,494	$2,890,926	$116,425,943	$110,568
2020	$301,182	$3,240,080	$111,724,882	$-2,938,898
2019	$3,315,721	$3,237,024	$108,574,290	$78,697
2018	$3,115,961	$2,893,695	$105,972,783	$222,266

BROTHERHOOD CREDIT UNION