FALL RIVER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FALL RIVER MUNICIPAL CREDIT UNION, founded in 1930, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.
STRIVE TO PROVIDE A FULL RANGE OF QUALITY FINANCIAL SERVICES TO OUR MEMBERS, DELIVERED BY PROFESSIONAL AND MOTIVATED EMPLOYEES, WHILE MAINTAINING THE STABILITY AND SECURITY OF OUR MEMBERS AND THE CREDIT UNION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $9,717,486 | $7,203,621 | +0.3% |
| Expenses | $9,561,121 | $6,407,076 | +0.5% |
| Net Income | $156,365 | $796,545 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RUSSELL OAGLES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL SAWEJKO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES MACHADO | TREASURER/DIRECTOR | 1.00 |
Officer
Director
|
$5,148 | $0 | $5,148 |
| JANICE SANTOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL GARCIA | CHAIRMAN | 1.00 |
Officer
Director
|
$5,448 | $0 | $5,448 |
| MICHAEL L SHEA | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE HOWAYECK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN VASCONCELLOS | CLERK | 1.00 |
Officer
Director
|
$5,148 | $0 | $5,148 |
| SCOTT O'BRIEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANICE CARRIGG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER CARREIRO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID MACHADO TERM ENDED 4292023 | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW SCHONDEK | PRESIDENT/CEO | 40.00 |
Officer
|
$275,380 | $0 | $275,380 |
| MARYELLEN MEDEIROS | EVP OF OPERATIONS | 40.00 |
Officer
|
$162,358 | $0 | $162,358 |
| JAMES MALONEY | VICE PRESIDENT LENDING | 40.00 |
Officer
|
$125,458 | $0 | $125,458 |
| BRIEN MAGINNIS | VICE PRESIDENT OF FINANCE | 40.00 |
Officer
|
$137,758 | $0 | $137,758 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $9,717,486 | $9,561,121 | $282,970,513 | $156,365 |
| 2022 | $7,203,621 | $6,407,076 | $244,625,881 | $796,545 |
| 2021 | $6,823,270 | $6,447,620 | $267,136,518 | $375,650 |
| 2020 | $7,970,095 | $7,647,801 | $249,530,910 | $322,294 |
| 2019 | $8,061,760 | $7,654,534 | $212,239,825 | $407,226 |
| 2018 | $8,141,486 | $7,023,354 | $209,635,929 | $1,118,132 |
Compare FALL RIVER MUNICIPAL CREDIT UNION with other nonprofits in Massachusetts and across the country.