ONE CREDIT UNION OF NY (EIN 160368000) - 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

1933

Legal Domicile

Principal Officer

JAMES FURMAN

Phone

7168421320

Tax Period

2025-01-01 to 2025-12-31

ONE CREDIT UNION OF NY, founded in 1933, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 22% operating margin.

Mission

TO SERVICE THE BANKING NEEDS OF 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 $4,816,073

Investment Income $0

Other Revenue $1,006,921

TOTAL REVENUE $5,822,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,863,491

Fundraising Expenses $0

Program Expenses $4,570,261

Other Expenses $2,706,770

TOTAL EXPENSES $4,570,261

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,822,994	$5,053,249	+0.2%
Expenses	$4,570,261	$3,510,106	+0.3%
Net Income	$1,252,733	$1,543,143	-0.2%

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

$584,095

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY WALLACE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MATTHEW YUSICK	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MELISSA DENNEE	DIRECTOR	1.00	Director	$0	$0	$0
SHANTEE PERKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH NAPLES	DIRECTOR	1.00	Director	$0	$0	$0
RONALD KOZLOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FURMAN	CHIEF EXECUTIVE OFFICER/ TREASURER	40.00	Officer	$241,254	$45,187	$286,441
JODIE M PENFOLD	ADMINISTRATOR	40.00	Officer	$181,486	$14,151	$195,637
CHRISTOPHER GASIEWICZ	CHIEF FINANCIAL OFFICER	40.00	Officer	$86,924	$15,093	$102,017
KATHLEEN FORDHAM	CHIEF LENDING OFFICER/ CHIEF MARKETING OFFICER	40.00	Highest	$119,436	$10,061	$129,497

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	$5,822,994	$4,570,261	$110,051,684	$1,252,733
2024	$5,053,249	$3,510,106	$103,620,070	$1,543,143
2023	$3,975,030	$2,490,432	$81,201,249	$1,484,598
2022	$2,959,889	$2,315,893	$84,014,408	$643,996
2021	$2,649,007	$2,218,680	$83,185,157	$430,327
2020	$2,658,103	$2,256,989	$73,795,771	$401,114
2019	$3,214,691	$2,317,767	$60,160,047	$896,924
2018	$2,656,481	$2,169,985	$57,436,592	$486,496

ONE CREDIT UNION OF NY