FINEX CREDIT UNION (EIN 060659505) - 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

1938

Legal Domicile

Principal Officer

JOSEPH BARTOLOTTA

Phone

8602820001

Tax Period

2024-04-01 to 2025-03-31

FINEX CREDIT UNION, founded in 1938, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

FINANCIAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,380,501

Investment Income $828,261

Other Revenue $250,394

TOTAL REVENUE $11,459,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,432,937

Fundraising Expenses $0

Other Expenses $8,501,675

TOTAL EXPENSES $11,934,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,459,156	$10,167,569	+0.1%
Expenses	$11,934,612	$12,010,475	0.0%
Net Income	$-475,456	$-1,842,906	-0.7%

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

$770,349

Total Directors

Key Employees

$449,808

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HOMICKI	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PETER LUPI	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEVEN BAFUNDO	TREASURER	1.00	Officer Director	$0	$0	$0
GINA DORAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOYCE REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
GUY LABELLA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNA WOODBERRY	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS MICHAEL GUERRERA III	DIRECTOR	1.00	Director	$0	$0	$0
PAUL FALCONE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FERRARO	CHIEF OPERATING OFFICER	40.00	Officer	$262,063	$11,886	$273,949
MICHAEL PALLADINO	PRESIDENT/CEO	40.00	Officer	$344,116	$2,349	$346,465
SUSAN BROWN	CHIEF FINANCIAL OFFICER	40.00	Officer	$140,300	$9,635	$149,935
KRISTINA ZIEGLER	VP, SALES & OPERATIONS	40.00	Key Emp	$232,052	$16,904	$248,956
WILLIAM WEINGARTNER	VP TECHNOLOGY	40.00	Key Emp	$152,643	$48,209	$200,852
SUNNY NARIYANI	AVP DIGITAL MARKETING	40.00	Highest	$132,561	$24,328	$156,889
LYNN WILKINS	SENIOR ACCOUNTING MANAGER	40.00	Highest	$127,712	$16,592	$144,304
MARY SULLIVAN	DIRECTOR BUSINESS DEVELOPMENT	40.00	Highest	$111,527	$11,767	$123,294
CYNTHIA KELLER	DIRECTOR ADMIN SERVIECS	40.00	Highest	$127,942	$3,041	$130,983
JOSEPHINE GONZALEZ RIVERA	LENDING MANAGER	40.00	Highest	$105,678	$1,582	$107,260

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	$11,459,156	$11,934,612	$143,889,213	$-475,456
2024	$10,167,569	$12,010,475	$148,562,385	$-1,842,906
2023	$7,998,878	$7,767,546	$112,609,874	$231,332
2022	$5,905,863	$5,467,885	$109,422,895	$437,978
2021	$7,074,644	$5,691,677	$109,750,704	$1,382,967
2020	$5,809,758	$5,461,820	$89,315,333	$347,938
2019	$5,203,329	$5,028,174	$87,776,020	$175,155

FINEX CREDIT UNION