NAVEO CREDIT UNION (EIN 041144988) - 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

1928

Legal Domicile

Principal Officer

ANDREA WHITE

Phone

6177025128

Tax Period

2023-01-01 to 2023-12-31

NAVEO CREDIT UNION, founded in 1928, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 4% surplus.

Mission

MEMBER THRIFT & SERVICE

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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 $5,679,561

Investment Income $1,130,071

Other Revenue $0

TOTAL REVENUE $6,809,632

Expense Breakdown

Grants Paid $56,494

Salaries & Benefits $3,151,376

Fundraising Expenses $0

Other Expenses $3,342,032

TOTAL EXPENSES $6,549,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,809,632	$5,538,258	+0.2%
Expenses	$6,549,902	$5,370,125	+0.2%
Net Income	$259,730	$168,133	+0.5%

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

$273,320

Total Directors

Key Employees

$214,895

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONTINA MANCINI	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ISAAC MACHADO	1ST VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAUL FERREIRA	2ND VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHARLES MONTEMOR	TREASURER	2.00	Officer Director	$0	$0	$0
LINDSAY LUCKE	SECRETARY/CLERK	2.00	Officer Director	$0	$0	$0
MANUEL DA SILVA	DIRECTOR	2.00	Director	$0	$0	$0
SONJA DARAI	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER LAWRENCE	DIRECTOR	2.00	Director	$0	$0	$0
MARIO BRUM	DIRECTOR	2.00	Director	$0	$0	$0
JASON ALVES	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA WHITE	PRESIDENT & CEO	40.00	Officer	$267,205	$6,115	$273,320
ALBERT PINHO	SVP LENDING	40.00	Key Emp	$202,264	$12,631	$214,895
KEVIN GEORGE	VP FIANCE	40.00	Highest	$116,326	$17,468	$133,794
MICHAEL DWYER	VP OPERATIONS	40.00	Highest	$113,209	$17,468	$130,677
JAMIE LEVINE	VP HUMAN RESOURCES	40.00	Highest	$125,542	$12,631	$138,173
ADAM CARPENTER	VP TECHNOLOGY	40.00	Highest	$117,276	$6,115	$123,391

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	$6,809,632	$6,549,902	$170,305,612	$259,730
2022	$5,538,258	$5,370,125	$168,948,495	$168,133
2021	$5,441,719	$4,994,317	$178,250,990	$447,402
2020	$6,679,739	$5,059,453	$162,064,758	$1,620,286
2019	$5,890,227	$4,777,423	$139,879,183	$1,112,804
2018	$5,337,840	$4,444,946	$130,867,039	$892,894

NAVEO CREDIT UNION