CREDIT UNION OF NEW JERSEY (EIN 210628526) - 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

1943

Legal Domicile

Principal Officer

ROBERT M VUOCOLO

Phone

6095384061

Tax Period

2021-01-01 to 2021-05-31

CREDIT UNION OF NEW JERSEY, founded in 1943, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2021. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 14% surplus.

Mission

PROVIDE MEMBERS WITH THE KNOWLEDGE AND ABILITY TO BE IN CONTROL OF THEIR FINANCIAL LIVES AT A COMPETITIVE COST.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,489,901

Investment Income $31,472

Other Revenue $243,157

TOTAL REVENUE $1,764,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,564

Fundraising Expenses $0

Other Expenses $961,734

TOTAL EXPENSES $1,525,298

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,764,530	$22,938,316	-0.9%
Expenses	$1,525,298	$21,491,392	-0.9%
Net Income	$239,232	$1,446,924	-0.8%

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

$369,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP PRASSAS	DIRECTOR	1.00	Director	$0	$0	$0
GARY K CHIZMADIA	CHAIRMAN OF BOARD	1.00	Officer Director	$0	$0	$0
THOMAS J VALERI JR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BETHANNE L MOWERY	TREASURER	1.00	Officer Director	$0	$0	$0
LEON J FULGINITI	SECRETARY	1.00	Officer Director	$0	$0	$0
J ERIC KRAEHENBUEHL	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS M TONDINI	DIRECTOR	1.00	Director	$0	$0	$0
GUY J DIMEMMO	DIRECTOR	1.00	Director	$0	$0	$0
DONALD N CHIACCHIO	DIRECTOR	1.00	Director	$0	$0	$0
RONALD P LUNETTA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW L JAEGER	PRESIDENT/CEO	40.00	Officer	$219,963	$19,588	$239,551
SOMA SARKAR	EVP/COO	40.00	Officer	$117,261	$13,021	$130,282
PATRICIA FISK	SVP/CAO	40.00	Officer	$0	$0	$0
ROBERT M VUOCOLO	SVP/CFO	40.00	Officer	$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
2021	$1,764,530	$1,525,298	No data	$239,232
2020	$22,938,316	$21,491,392	$389,748,389	$1,446,924
2019	$24,842,107	$23,447,169	$344,895,703	$1,394,938
2018	$24,719,417	$25,018,829	$343,902,652	$-299,412

CREDIT UNION OF NEW JERSEY