CRESCENT CREDIT UNION (EIN 041217290) - 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

1919

Legal Domicile

Principal Officer

DAVID W COX

Phone

5085806511

Tax Period

2019-01-01 to 2019-12-31

CRESCENT CREDIT UNION, founded in 1919, is a mid-sized nonprofit that reported $19.6M in total revenue in fiscal year 2019. Expenses of $17.8M left a modest 9% surplus.

Mission

A COOPERATIVE SOCIETY ORGANIZED WITH A GROUP OF PEOPLE OPERATING UNDER STATE AND FEDERAL SUPERVISION PROVIDING A SYSTEM FOR ACCUMULATING SAVINGS AND CREDIT

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,269,821

Investment Income $1,250,545

Other Revenue $62,462

TOTAL REVENUE $19,582,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,217,566

Fundraising Expenses $0

Other Expenses $10,624,586

TOTAL EXPENSES $17,842,152

Year-over-Year Comparison

	2019	2018	Change
Revenue	$19,582,828	$18,630,554	+0.1%
Expenses	$17,842,152	$16,099,298	+0.1%
Net Income	$1,740,676	$2,531,256	-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

116

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

$859,687

Total Directors

$596,359

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A GOODMAN CPA	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN P KOLENTSAS	CLERK	5.00	Officer Director	$0	$0	$0
ANTONIO F MACEDO	ASSISTANT CLERK & MEMBERSHIP OFFICER	5.00	Officer Director	$0	$0	$0
PAUL A MARINO	DIRECTOR	2.00	Director	$0	$0	$0
JAMES P MIHOS	DIRECTOR	2.00	Director	$0	$0	$0
HERBERT S NAGLE	DIRECTOR	2.00	Director	$0	$0	$0
ALFRED T NICCOLI	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
WILLIAM ROSA ESQ	DIRECTOR	2.00	Director	$0	$0	$0
F ROBERT SILVERSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT G SIMS	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD L SPILLER CPA	CHAIRMAN	5.00	Officer Director	$20,000	$0	$20,000
ARTHUR F SULLIVAN	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JEAN CAPUTO WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT W GUSTAFSON	PRESIDENT & CEO	55.00	Officer Director	$529,215	$47,144	$576,359
BRIAN FINDLAY	VP FINANCE	50.00	Officer	$214,954	$48,374	$263,328
CHERYL MCCORMICK	SVP COMMERCIAL LENDING	45.00	Highest	$170,601	$49,053	$219,654
PAUL PIJANOWSKI	SVP IT	45.00	Highest	$186,750	$64,061	$250,811
MARK HENNESSY	SVP COMMERCIAL LENDING	45.00	Highest	$186,894	$49,834	$236,728
JONAH WEIN	VP COMMUNITY RELATIONS	45.00	Highest	$142,548	$23,308	$165,856

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
2019	$19,582,828	$17,842,152	No data	$1,740,676
2018	$18,630,554	$16,099,298	$438,601,837	$2,531,256

CRESCENT CREDIT UNION