BRIDGEWATER CREDIT UNION (EIN 042030899) - 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

1941

Legal Domicile

Principal Officer

MICHAEL VALLEY

Phone

5086978101

Tax Period

2018-01-01 to 2018-12-31

BRIDGEWATER CREDIT UNION, founded in 1941, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $35.0M represent 29 months of operating reserves.

Mission

MEMBER OWNED FINANCIAL INSTITUTION OFFERING A VARIETY OF SAVINGS AND LOAN PRODUCTS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,522,417

Investment Income $1,824,133

Other Revenue $0

TOTAL REVENUE $14,346,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,175,536

Fundraising Expenses $0

Other Expenses $8,786,039

TOTAL EXPENSES $13,961,575

Year-over-Year Comparison

	2018	2017	Change
Revenue	$14,346,550	$12,855,109	+0.1%
Expenses	$13,961,575	$12,520,021	+0.1%
Net Income	$384,975	$335,088	+0.1%

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

N/A

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

$1,166,737

Total Directors

$29,123

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE CREAMER	DIRECTOR	2.00	Director	$0	$33	$33
MARY K BRIAND	DIRECTOR	2.00	Director	$0	$3,176	$3,176
AUDREY GALLIVAN	DIRECTOR	2.00	Director	$0	$9,057	$9,057
RAYMOND ARABASZ	DIRECTOR	2.00	Director	$0	$4,555	$4,555
DAVID THOMAS	DIRECTOR	2.00	Director	$0	$1,491	$1,491
STEPHANIE SOUSA	DIRECTOR	2.00	Director	$0	$4,090	$4,090
DAVID LONDON	DIRECTOR	2.00	Director	$0	$1,330	$1,330
BERNARD MULLHOLLAND	DIRECTOR	2.00	Director	$0	$5,391	$5,391
DANTE DIMASSA	DIRECTOR OF RESIDENTIAL LE	40.00	Officer	$131,852	$14,500	$146,352
JOHN HOWARD	PRESIDENT/CEO	40.00	Officer	$250,223	$22,770	$272,993
MICHAEL VALLEY	SVP/CFO & TREASURER	40.00	Officer	$181,809	$11,535	$193,344
BRAD EGAN	SVP/CHIEF LENDING OFFICER	40.00	Officer	$186,581	$20,672	$207,253
JOHN HIMMEL	VP/CONS LENDING/COLLECTION	40.00	Officer	$103,541	$18,273	$121,814
BRUCE NEWTON	VP/MEMBER SERVICES	40.00	Officer	$105,842	$4,023	$109,865
ROBERT CABRAL	VP/RETAIL BANKING	40.00	Officer	$109,860	$5,256	$115,116

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
2018	$14,346,550	$13,961,575	$378,936,415	$384,975

BRIDGEWATER CREDIT UNION