AMERICA'S FIRST NETWORK CREDIT UNION (EIN 060944493) - 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

1976

Legal Domicile

Principal Officer

NICHOLAS A MOALLI

Phone

8602910345

Tax Period

2023-01-01 to 2023-12-31

AMERICA'S FIRST NETWORK CREDIT UNION, founded in 1976, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $3.4M left a modest 14% surplus.

Mission

PROVIDE FINANCIAL SERVICES TO OUR MEMBERS AND THEIR FAMILY MEMBERS THAT WORK AND/OR BELONG TO SPECIFIC COMPANIES/ORGANIZATIONS.

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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 $3,286,643

Investment Income $629,644

Other Revenue $0

TOTAL REVENUE $3,916,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,557,560

Fundraising Expenses $0

Other Expenses $1,812,104

TOTAL EXPENSES $3,369,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,916,287	$2,957,864	+0.3%
Expenses	$3,369,664	$2,529,546	+0.3%
Net Income	$546,623	$428,318	+0.3%

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

$146,267

Total Directors

$215,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PHILIP LANE	BOARD CHAIRMAN	1.50	Director	$0	$0	$0
RICHARD VIBBERTS	BOARD VICE CHAIRMAN	1.00	Director	$0	$0	$0
JUNE MARTIN	BOARD TREASURER	1.50	Director	$3,767	$0	$3,767
ROBERT COUNIHAN	BOARD SECRETARY	1.00	Director	$0	$0	$0
GREGORY MARTY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW MORTON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS MOALLI	PRESIDENT/CEO & BOARD MEMB	40.00	Officer Director	$146,267	$0	$146,267
BARBARA THORPE	BOARD MEMBER	1.00	Director	$65,393	$0	$65,393
KELLY RAMSEY-FUHLBRIGGE	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$3,916,287	$3,369,664	$74,597,765	$546,623
2022	$2,957,864	$2,529,546	$61,601,719	$428,318
2021	$2,536,572	$2,374,677	$59,717,811	$161,895
2020	$2,172,233	$2,071,502	$48,478,672	$100,731

AMERICA'S FIRST NETWORK CREDIT UNION