THE CREDIT UNION LEAGUE OF CONNECTICUT INC (EIN 060606505) - 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

1935

Legal Domicile

Principal Officer

BRUCE ADAMS

Phone

2032655657

Tax Period

2023-01-01 to 2023-12-31

THE CREDIT UNION LEAGUE OF CONNECTICUT INC, founded in 1935, is a small nonprofit in the Public & Societal Benefit sector that reported $757K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $722K left a modest 5% surplus.

Mission

THE LEAGUE PROVIDES PROGRAMS AND SERVICES TO ITS MEMBER CREDIT UNIONS.

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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 $987,234

Investment Income $24,407

Other Revenue $-254,776

TOTAL REVENUE $756,865

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $958,103

Fundraising Expenses $0

Other Expenses $-241,815

TOTAL EXPENSES $721,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$756,865	$551,091	+0.4%
Expenses	$721,985	$692,519	+0.0%
Net Income	$34,880	$-141,428	-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

$383,826

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN VIETS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JOHN HOLT	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CARL CASPER	TREASURER	1.00	Officer Director	$0	$0	$0
JO-ANN PALLADINO	SECRETARY	1.00	Officer Director	$0	$0	$0
HOWARD BRADY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CHILDRESS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KLIMKOSKI	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA KUDUK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ADAMS	PRESIDENT/CEO	19.00	Officer	$251,783	$14,572	$266,355
JUDY BRITT	VP-COMPLIANCE	1.00	Officer	$113,401	$4,070	$117,471

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
2024	No data	No data	No data	No data
2023	$756,865	$721,985	$2,746,551	$34,880
2022	$551,091	$692,519	$2,153,416	$-141,428
2021	$714,771	$568,392	$2,798,977	$146,379
2020	$689,935	$646,578	$2,415,888	$43,357
2019	$999,831	$891,062	$2,522,879	$108,769
2018	$1,032,587	$887,611	$2,539,225	$144,976

THE CREDIT UNION LEAGUE OF CONNECTICUT INC