COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION (EIN 046055566) - 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

1926

Legal Domicile

Principal Officer

BRENDA S MAHONEY

Phone

5087483452

Tax Period

2023-01-01 to 2023-03-31

COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION, founded in 1926, is a small nonprofit that reported $408K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $184K, a strong 45% operating margin.

Mission

FINANCIAL SERVICES TO MEMBERS

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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 $126,951

Investment Income $245,902

Other Revenue $34,656

TOTAL REVENUE $407,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,614

Fundraising Expenses $0

Other Expenses $126,206

TOTAL EXPENSES $223,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,509	$1,281,875	-0.7%
Expenses	$223,820	$883,123	-0.7%
Net Income	$183,689	$398,752	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT CONKLIN	ASST TREASUR	1.00	Officer Director	$0	$0	$0
MICHAEL GOMES	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA S MAHONEY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VIVIAN J MEDEIROS	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
PETER MCCOY	1ST VICE CHA	1.00	Officer Director	$0	$0	$0
LISA SHEA	TREASURER	1.00	Officer Director	$0	$0	$0
GLORIA CAMARA	OPERATIONS/L	40.00	Officer	$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
2023	$407,509	$223,820	No data	$183,689
2022	$1,281,875	$883,123	$50,936,191	$398,752
2021	$1,081,315	$904,194	$49,419,083	$177,121
2020	$1,235,977	$1,046,856	$46,574,108	$189,121
2019	$1,353,496	$1,076,086	$41,463,569	$277,410
2018	$1,307,566	$1,048,221	$40,213,112	$259,345

COMMONWEALTH UTILITIES EMPLOYEES CREDIT UNION