WESTERLY COMMUNITY CREDIT UNION (EIN 050255222) - 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

1948

Legal Domicile

Principal Officer

AARON CLARK

Phone

4015967000

Tax Period

2025-01-01 to 2025-12-31

WESTERLY COMMUNITY CREDIT UNION, founded in 1948, is a mid-sized nonprofit that reported $28.7M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $24.8M left a modest 14% surplus.

Mission

PROVIDE HIGH QUALITY, LOW COST, FINANCIAL SERVICES TO IMPROVE THE FINANCIAL WELLBEING OF 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,410,312

Investment Income $3,249,332

Other Revenue $2,006,502

TOTAL REVENUE $28,666,146

Expense Breakdown

Grants Paid $148,073

Salaries & Benefits $8,440,408

Fundraising Expenses $0

Other Expenses $16,162,342

TOTAL EXPENSES $24,750,823

Year-over-Year Comparison

	2025	2024	Change
Revenue	$28,666,146	$25,769,590	+0.1%
Expenses	$24,750,823	$24,323,161	+0.0%
Net Income	$3,915,323	$1,446,429	+1.7%

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

$1,074,635

Total Directors

$142,550

Key Employees

$596,889

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER STEFANSKI	CHAIRPERSON	1.00	Officer Director	$14,725	$0	$14,725
STEVEN SCALES	VICE CHAIRPERSON	1.00	Officer Director	$11,125	$0	$11,125
ROBERT DELANEY	BOARD TREASURER	1.00	Officer Director	$11,125	$0	$11,125
WILLIAM QUIRK	BOARD SECRETARY	1.00	Officer Director	$11,125	$0	$11,125
SHEILIA TERRANOVA-BEATTIE	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
SCOTT HAROLD	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
STEPHEN J IACOI	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
PAUL MARSIGLIO	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
JOSEPH RITACCO	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
DAWN SMITH	BOARD MEMBER	1.00	Director	$9,925	$0	$9,925
PAUL GENCARELLA	SUPERVISORY COMMITTEE CHAI	1.00	Director	$9,325	$0	$9,325
DANNY NESMITH	SUPERVISORY COMMITTEE MEMB	1.00	Director	$8,525	$0	$8,525
NICHOLAS STAHL	SUPERVISORY COMMITTEE MEMB	1.00	Director	$8,525	$0	$8,525
KRISTIN MARTINO	SUPERVISORY COMMITTEE MEMB	1.00	Director	$8,525	$0	$8,525
STEPHEN WHITE	CEO	40.00	Officer	$409,172	$42,194	$451,366
ANDREW ROGERS	PRESIDENT	40.00	Officer	$296,908	$15,435	$312,343
MARGARET SISCO	CXO	40.00	Officer	$222,299	$40,527	$262,826
RICHARD CHAMP	VP OF COMMERCIAL LENDING	40.00	Key Emp	$179,853	$43,381	$223,234
AARON CLARK	CFO	40.00	Key Emp	$179,958	$19,179	$199,137
JAMES MALONEY	VP OF CONSUMER AND MORTGAGE LENDING	40.00	Key Emp	$168,931	$5,587	$174,518
GWENDOLYN GENCARELLLI	VP OF FINANCIAL SERVICES	40.00	Highest	$134,524	$27,002	$161,526
JOSEPH STOY	IT DIRECTOR	40.00	Highest	$144,875	$37,519	$182,394
SHANNON MELCHIONE	BUSINESS DEVELOPMENT OFFICER	40.00	Highest	$116,656	$7,084	$123,740
ALYCIA MARANDLOA	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$109,075	$36,173	$145,248
LAURA DONOHUE	CONTROLLER	40.00	Highest	$114,496	$21,174	$135,670

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	$28,666,146	$24,750,823	$506,617,789	$3,915,323
2024	No data	No data	No data	No data
2023	$22,886,086	$21,225,344	$468,681,098	$1,660,742
2022	$18,312,399	$14,838,035	$452,757,930	$3,474,364
2021	$17,253,972	$12,808,141	$412,210,779	$4,445,831
2020	$15,367,113	$12,532,611	$367,124,004	$2,834,502
2019	$14,891,523	$12,452,505	$326,735,039	$2,439,018
2018	$12,957,127	$10,849,855	$295,300,249	$2,107,272

WESTERLY COMMUNITY CREDIT UNION