DANBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DANBURY CYANAMID EMPLOYEES CREDIT UNION, founded in 1957, is a small nonprofit that reported $161K in total revenue in fiscal year 2020. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 649% operating deficit.
OUR MISSION IS TO PROVIDE FINANCIAL SERVICES AND RELATED PRODUCTS TO OUR MEMBERS. WE ARE DEDICATED TO PROVIDING LOANS AT REASONABLE RATES, PROMOTING THRIFT AND MAINTAINING FINANCIAL STABILITY WITH SERVICE IN A COOPERATIVE SPIRIT.
MEMBERS OF THE CREDIT UNION ARE PROVIDED LOAN AND DEPOSIT SERVICES. THE CREDIT UNION DISSOLVED AS OF SEPTEMBER 30, 2020 AND MERGED WITH CORNERSTONE COMMUNITY CREDIT UNION. THE APPROVAL OF THIS MERGER...
MEMBERS OF THE CREDIT UNION ARE PROVIDED LOAN AND DEPOSIT SERVICES. THE CREDIT UNION DISSOLVED AS OF SEPTEMBER 30, 2020 AND MERGED WITH CORNERSTONE COMMUNITY CREDIT UNION. THE APPROVAL OF THIS MERGER IS ATTACHED TO THIS RETURN.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $160,564 | $255,292 | -0.4% |
| Expenses | $1,202,497 | $519,601 | +1.3% |
| Net Income | $-1,041,933 | $-264,309 | +2.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TAMMY S KONARESKI | CEO/TREASURER | 45.00 |
Officer
Director
|
$59,934 | $16,520 | $76,454 |
| ROBERT LEONARD | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LOIS SMART | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLARA PERKINS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT ROSASCO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $160,564 | $1,202,497 | No data | $-1,041,933 |
| 2019 | $255,292 | $519,601 | $6,514,801 | $-264,309 |
| 2018 | $269,270 | $426,826 | $6,383,572 | $-157,556 |
Compare DANBURY CYANAMID EMPLOYEES CREDIT UNION with other nonprofits in Connecticut and across the country.