CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC (EIN 061029942) - 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

1980

Legal Domicile

Principal Officer

BRUCE ADAMS

Phone

2032655657

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC, founded in 1980, is a small nonprofit that reported $110K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $45K, a strong 40% operating margin.

Mission

TO HELP CT RESIDENTS ACHIEVE FINANCIAL STABILITY AND SECURITY THROUGH PROGRAM INITIATIVES

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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 $29,842

Program Service Revenue $4,000

Investment Income $5,320

Other Revenue $71,114

TOTAL REVENUE $110,276

Expense Breakdown

Grants Paid $25,010

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,727

Other Expenses $40,717

TOTAL EXPENSES $65,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,276	$117,980	-0.1%
Expenses	$65,727	$72,182	-0.1%
Net Income	$44,549	$45,798	0.0%

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

$263,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABRINA DEFAZIO	CHAIRMAN	1.00	Director	$0	$0	$0
HENRY BAUM	VICE CHAIRMAN	1.00	Director	$0	$0	$0
TERESA KNOX	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
KATHY CHARTIER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNETTE JANOVIC	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW KLIMKOSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE TODD	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT BALDINI	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK PETROSKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT STANEK	BOARD MEMBER	1.00	Director	$0	$0	$0
MEG MARTELLOTTA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MAYNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN HERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE ADAMS	PRESIDENT/CEO	1.00	Officer	$0	$11,766	$263,549

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	$110,276	$65,727	$678,668	$44,549
2022	$117,980	$72,182	$539,239	$45,798
2021	$148,162	$112,289	$501,642	$35,873

CREDIT UNIONS BUILDING FINANCIAL INDEPENDENCE INC