ALIGN CREDIT UNION (EIN 041680140) - 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

1922

Legal Domicile

Principal Officer

KENNETH M DEL ROSSI

Phone

8009429575

Tax Period

2023-01-01 to 2023-12-31

ALIGN CREDIT UNION, founded in 1922, is a mid-sized nonprofit that reported $27.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $31.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

BY PROVIDING EXPERT GUIDANCE AND THE RIGHT FINANCIAL TOOLS, WE BUILD MEANINGFUL CONNECTIONS WITH MEMBERS, DELIVERING A TRULY CUSTOMIZED BANKING EXPERIENCE.

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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 $18,578,674

Investment Income $6,385,021

Other Revenue $2,944,576

TOTAL REVENUE $27,908,271

Expense Breakdown

Grants Paid $93,584

Salaries & Benefits $11,657,697

Fundraising Expenses $0

Other Expenses $12,610,177

TOTAL EXPENSES $31,391,959

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,908,271	$24,433,942	+0.1%
Expenses	$31,391,959	$24,024,186	+0.3%
Net Income	$-3,483,688	$409,756	-9.5%

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

169

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

$2,884,219

Total Directors

Key Employees

$208,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE R GAGAN	CHAIRPERSON	1.00	Director	$0	$0	$0
KAREN A MORRIS	CLERK	1.00	Director	$0	$0	$0
STEVEN J BABBITT	DIRECTOR	1.00	Director	$0	$0	$0
FRANK H LOSPENNATO	TREASURER	1.00	Director	$0	$0	$0
DAVID R MORRIS	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
RICHARD W PIECEWICZ	2ND VICE CHAIRPERSON (TERMED NOV)	1.00	Director	$0	$0	$0
ALAN J SEXTON	DIRECTOR (TERMED MAR)	1.00	Director	$0	$0	$0
MARTIN E CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FORSTER	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN E MCKENNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH M DEL ROSSI	PRESIDENT AND CEO	40.00	Officer	$1,826,749	$69,372	$1,896,121
THOMAS HAMMOND	CFO (TERMED MAR)	40.00	Officer	$307,230	$61,351	$368,581
LYDIA VAZQUEZ	CHIEF OPERATING OFFICER	40.00	Officer	$276,295	$67,782	$344,077
MARK SANGUINETTI	SVP CHIEF LENDING OFFICER	40.00	Officer	$63,984	$873	$64,857
JENNIFER HUSKA	SVP CHIEF STRATEGY OFFICER	40.00	Officer	$169,098	$41,485	$210,583
JOANNE MCCARTHY	SVP CHIEF RETAIL OFFICER & SECURITY OFFICER	40.00	Key Emp	$184,230	$24,741	$208,971
MARYANN BEDARD	SVP-CONSUMER LENDING	40.00	Highest	$147,669	$38,524	$186,193
SANDRA LAMPLOUGH	SVP-OPERATIONS	40.00	Highest	$136,903	$36,140	$173,043
TODD CARON	CIO	40.00	Highest	$102,418	$30,293	$132,711
JOANNE DOULAMES	SVP IT	40.00	Highest	$101,876	$19,568	$121,444
KATHLEEN KAY-ALLEN	VP-SERVICING	40.00	Highest	$100,978	$44,180	$145,158

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	$27,908,271	$31,391,959	$706,708,681	$-3,483,688
2022	$24,433,942	$24,024,186	$703,539,071	$409,756
2021	$24,193,748	$23,783,699	$748,085,438	$410,049
2020	$28,709,871	$26,990,515	$692,602,330	$1,719,356
2019	$27,329,261	$25,413,125	$641,056,129	$1,916,136
2018	$24,664,776	$23,986,410	$571,266,691	$678,366

ALIGN CREDIT UNION