CREDIT UNION OF THE BERKSHIRES (EIN 042264442) - 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

1939

Legal Domicile

Principal Officer

MELISSA MORIN

Phone

4134431313

Tax Period

2021-01-01 to 2021-12-31

CREDIT UNION OF THE BERKSHIRES, founded in 1939, is a small nonprofit that reported $381K in total revenue in fiscal year 2021. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $592K exceeded revenue, resulting in a 55% operating deficit.

Mission

CREDIT UNION- THRIFT SERVICES

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $224,466

Investment Income $100,428

Other Revenue $56,233

TOTAL REVENUE $381,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,530

Fundraising Expenses $0

Other Expenses $377,688

TOTAL EXPENSES $592,218

Year-over-Year Comparison

	2021	2020	Change
Revenue	$381,127	$560,850	-0.3%
Expenses	$592,218	$696,463	-0.1%
Net Income	$-211,091	$-135,613	+0.6%

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

$75,919

Total Directors

$75,919

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MORIN	CEO & TREASU	40.00	Officer Director	$71,026	$3,463	$74,489
KAREN MCHUGH	SECRETARY	1.00	Officer Director	$1,430	$0	$1,430
JANICE BATES	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA BELLAND	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN JANKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW KERWOOD	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
ROBERT MALNATI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MALOY	DIRECTOR	1.00	Director	$0	$0	$0
BETH WALLACE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0

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
2021	$381,127	$592,218	No data	$-211,091
2020	$560,850	$696,463	$22,447,956	$-135,613
2019	$624,251	$666,807	$20,683,704	$-42,556
2018	$583,114	$633,766	$19,028,431	$-50,652

CREDIT UNION OF THE BERKSHIRES