NEW HAVEN COUNTY CREDIT UNION INC (EIN 060790693) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

CHRISTOPHER MARONE

Phone

2032348773

Tax Period

2023-01-01 to 2023-12-31

NEW HAVEN COUNTY CREDIT UNION INC, founded in 1952, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $518K, a strong 33% operating margin.

Mission

STATE CHARTERED CREDIT UNION THAT PROVIDES FINANCIAL SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,323,474

Investment Income $258,991

Other Revenue $0

TOTAL REVENUE $1,582,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,475

Fundraising Expenses $0

Program Expenses $1,063,978

Other Expenses $692,503

TOTAL EXPENSES $1,063,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,582,465	$1,291,115	+0.2%
Expenses	$1,063,978	$1,022,058	+0.0%
Net Income	$518,487	$269,057	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$141,897

Total Directors

$141,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WOLLMAN	CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH TATTA	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS IWANEC	TREASURER	1.00	Director	$0	$0	$0
SUSAN MCQUIRE	SECRETARY	1.00	Director	$0	$0	$0
MICHAEL KOFF	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
RYAN PARENT	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MARONE	CEO	40.00	Officer Director	$141,897	$0	$141,897

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	$1,582,465	$1,063,978	$26,834,004	$518,487
2022	$1,291,115	$1,022,058	$26,111,213	$269,057
2021	$1,041,048	$988,325	$27,232,950	$52,723
2020	$1,036,530	$994,522	$24,374,352	$42,008

NEW HAVEN COUNTY CREDIT UNION INC