SOUTHBRIDGE CREDIT UNION

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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

1938

Legal Domicile

Principal Officer

JEFFREY CANNIFF

Phone

5087655454

Tax Period

2025-01-01 to 2025-12-31

SOUTHBRIDGE CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 8% surplus.

Mission

PROVIDE FINANCIAL PRODUCTS AND PERSONALIZED SERVICES THAT WILL ASSIST OUR MEMBERS IN ACHIEVING THEIR FINANCIAL GOALS.

Program Service Accomplishments

Program 1

SOUTHBRIDGE CREDIT UNION IS A MEMBER-OWNED CREDIT UNION THAT COMMITTED TO PROVIDING ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS...

SOUTHBRIDGE CREDIT UNION IS A MEMBER-OWNED CREDIT UNION THAT COMMITTED TO PROVIDING ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM THEM. FOR YEAR ENDED 12/31/2025, LOAN INTEREST RECEIVED FROM MEMBERS WAS $9,175,811.

Program 2

INTEREST PAID ON SHARE ACCOUNTS $2,998,861

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,402,784

Investment Income $1,541,982

Other Revenue $1,215,795

TOTAL REVENUE $13,160,561

Expense Breakdown

Grants Paid $136,827

Salaries & Benefits $3,967,663

Fundraising Expenses $0

Other Expenses $8,050,817

TOTAL EXPENSES $12,155,307

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,160,561	$11,878,282	+0.1%
Expenses	$12,155,307	$11,430,592	+0.1%
Net Income	$1,005,254	$447,690	+1.2%

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

$655,332

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KEYES	1ST VICE CHAIR/DIRECTOR	2.00	Director	$0	$0	$0
PHIL CYR	BOARD CHAIR/DIRECTOR	3.00	Director	$12,000	$0	$12,000
MICHELLE M ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
MADALINE I BONADEIES	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN TULLY	2ND VICE CHAIR/DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM TRIFONE	DIRECTOR	2.00	Director	$0	$0	$0
JOSE DINGAI	DIRECTOR	2.00	Director	$0	$0	$0
AMY HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA BRUSO	DIRECTOR (ENDED 03/2025)	2.00	Director	$0	$0	$0
AMANDA BELDING	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS CANTARA	DIRECTOR (AS OF 06/2025)	2.00	Director	$0	$0	$0
GARY FONTAINE	DIRECTOR	2.00	Director	$0	$0	$0
KATHERINE R THEODOSS	PRESIDENT/ CEO	40.00	Officer	$274,136	$47,869	$322,005
JEFFREY CANNIFF	CFO/TREASURER	40.00	Officer	$309,055	$24,272	$333,327
JO-ANN SANTELLI	VP OF COMMERCIAL LOANS	40.00	Highest	$129,517	$29,004	$158,521
LYNN MERO	VP OF CONSUMER LENDING	40.00	Highest	$133,449	$28,304	$161,753
MARIA GARCIA-TORRES	SVP OF ADMINISTRATION	40.00	Highest	$137,607	$13,078	$150,685
KAREN BROUSSEAU	SVP OF RETAIL OPERATIONS	40.00	Highest	$139,367	$13,608	$152,975

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
2025	$13,160,561	$12,155,307	$236,321,866	$1,005,254
2024	$11,878,282	$11,430,592	$222,471,452	$447,690
2023	$10,589,215	$10,331,619	$213,066,598	$257,596
2022	$9,370,814	$8,248,124	$210,069,860	$1,122,690
2021	$8,395,141	$7,941,976	$204,683,991	$453,165
2020	$8,804,606	$8,635,831	$202,221,584	$168,775
2019	$9,399,424	$8,941,507	$189,072,301	$457,917
2018	$8,820,160	$8,627,254	$186,828,744	$192,906