NEW HAVEN FIREFIGHTERS CREDIT UNION (EIN 060677564) - 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

1951

Legal Domicile

Principal Officer

MICHELLE SERRA

Phone

2036240939

Tax Period

2025-01-01 to 2025-12-31

NEW HAVEN FIREFIGHTERS CREDIT UNION, founded in 1951, is a small nonprofit that reported $300K in total revenue in fiscal year 2025. Net assets of $1.5M represent 62 months of operating reserves.

Mission

PROVIDE FINANCIAL SERVICES TO FIREFIGHTERS AND THEIR IMMEDIATE FAMILY 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 $242,585

Investment Income $57,053

Other Revenue $0

TOTAL REVENUE $299,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,103

Fundraising Expenses $0

Other Expenses $120,757

TOTAL EXPENSES $302,860

Year-over-Year Comparison

	2025	2024	Change
Revenue	$299,638	$294,090	+0.0%
Expenses	$302,860	$294,665	+0.0%
Net Income	$-3,222	$-575	+4.6%

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

$69,000

Total Directors

$69,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSEL ANDERSON	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
ZOFIA JAKUBIEC	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALKER	SECRETARY	1.00	Director	$0	$0	$0
JOE MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HEWITT	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JAMES KOTTAGE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SERRA	TREASURER	30.00	Officer Director	$69,000	$0	$69,000

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	$299,638	$302,860	$5,915,153	$-3,222
2024	No data	No data	No data	No data
2023	$333,193	$287,243	$6,301,942	$45,950
2022	$351,998	$288,809	$8,131,358	$63,189
2021	$296,829	$261,766	$8,339,970	$35,063
2020	$335,722	$320,320	$7,780,089	$15,402
2019	$332,872	$309,003	$7,103,375	$23,869
2018	$316,088	$292,451	$6,774,156	$23,637

NEW HAVEN FIREFIGHTERS CREDIT UNION