ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW YORK CREDIT UNION FOUNDATION, founded in 1959, is a small nonprofit in the Community Improvement sector that reported $322K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 20% operating margin.
THE MISSION IS TO SERVE CREDIT UNIONS, SCHOOLS AND COMMUNITY ORGANIZATIONS THAT IMPROVE THE FINANCIAL LITERACY AND INDEPENDENCE OF NEW YORKERS.
GRANTMAKING PROGRAMS INCLUDE PROFESSIONAL DEVELOPMENT GRANTS, FINANCIAL FITNESS GRANTS, AND SMART MONEY GRANTS. PROFESSIONAL DEVELOPMENT GRANTS PROVIDE FUNDS FOR THE EDUCATION AND TRAINING OF CREDIT...
GRANTMAKING PROGRAMS INCLUDE PROFESSIONAL DEVELOPMENT GRANTS, FINANCIAL FITNESS GRANTS, AND SMART MONEY GRANTS. PROFESSIONAL DEVELOPMENT GRANTS PROVIDE FUNDS FOR THE EDUCATION AND TRAINING OF CREDIT UNION EMPLOYEES AND VOLUNTEERS. FINANCIAL FITNESS GRANTS HELP FUND GENERAL OPERATING NEEDS OF CREDIT UNIONS THAT WILL ULTIMATELY HELP IMPROVE MEMBER SERVICE. SMART MONEY GRANTS HELP FUND PROGRAMS AND SERVICES THAT PROMOTE FINANCIAL LITERACY AND INDEPENDENCE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $321,776 | $171,122 | +0.9% |
| Expenses | $256,251 | $250,369 | +0.0% |
| Net Income | $65,525 | $-79,247 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| WILLIAM MELLIN | PRESIDENT / CEO | 1.00 |
Officer
Director
|
$0 | $4,771 | $613,513 |
| EDWARD KOVALEFSKY | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$0 | $779 | $222,979 |
| CHRISTOPHER PAJAK | COO - ASSOCIATION SERVICES | 1.00 |
Officer
|
$0 | $8,846 | $208,300 |
| SHELBY BASKIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG BOOTH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY CALABRESE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TWANDA CHRISTENSEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC HEPKINS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES LANGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN MIETLICKI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHRYA PIERRE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA SAUVE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOMENIC VERO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURAN WILSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD YEAGER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY BRUCULERE | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KUSEY KIRK | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROL ALLEN | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $321,776 | $256,251 | $1,238,380 | $65,525 |
| 2023 | $171,122 | $250,369 | $1,172,585 | $-79,247 |
| 2022 | $227,167 | $214,296 | $1,139,016 | $12,871 |
| 2021 | $185,913 | $143,340 | $1,264,207 | $42,573 |
| 2020 | $229,526 | $237,173 | $1,212,842 | $-7,647 |
| 2019 | $271,802 | $235,075 | $1,195,062 | $36,727 |
| 2018 | $252,545 | $261,179 | $1,131,520 | $-8,634 |
Compare NEW YORK CREDIT UNION FOUNDATION with other nonprofits in New York and across the country.