BELCO COMMUNITY CREDIT UNION

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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

1939

Legal Domicile

Principal Officer

AMEY R SGRIGNOLI

Phone

8006424482

Tax Period

2024-01-01 to 2024-12-31

BELCO COMMUNITY CREDIT UNION, founded in 1939, is a mid-sized nonprofit that reported $63.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $60.4M left a modest 5% surplus.

Mission

WE ARE A LOCALLY BASED, NOT-FOR PROFIT CREDIT UNION DEDICATED TO MEETING THE NEEDS OF THE COMMUNITIES WE SERVE THROUGH EXCEPTIONAL SERVICE AND FINANCIAL EDUCATION.

Program Service Accomplishments

Program 1

PROVIDE LOANS INCLUDING MORTGAGE, BUSINESS, HOME EQUITY, CREDIT CARD, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $597,100,000 AS OF DECEMBER 31...

PROVIDE LOANS INCLUDING MORTGAGE, BUSINESS, HOME EQUITY, CREDIT CARD, SHARE SECURED, VEHICLE, AND LINE OF CREDIT LOANS WITH AGGREGATE LOAN BALANCES THAT APPROXIMATED $597,100,000 AS OF DECEMBER 31, 2024.

Program 2

PROVIDE MEMBERS WITH REGULAR SAVINGS, SHARE DRAFT, CERTIFICATES OF DEPOSIT, IRA, CLUB, HEALTH SAVINGS, AND MONEY MARKET ACCOUNTS WITH AGGREGATE DEPOSIT BALANCES THAT APPROXIMATED $816,271,000 AS OF...

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,370,666

Investment Income $8,305,470

Other Revenue $539,868

TOTAL REVENUE $63,216,004

Expense Breakdown

Grants Paid $11,500

Salaries & Benefits $20,513,640

Fundraising Expenses $0

Other Expenses $39,845,831

TOTAL EXPENSES $60,370,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,216,004	$55,881,523	+0.1%
Expenses	$60,370,971	$52,708,984	+0.1%
Net Income	$2,845,033	$3,172,539	-0.1%

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

273

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

$1,012,647

Total Directors

Key Employees

$871,970

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY HESSLER	CHAIRPERSON	5.00	Director	$0	$0	$0
DAWN GAMBLE	VICE CHAIRPERSON	5.00	Director	$0	$0	$0
RICHARD MYXTER	SECRETARY	5.00	Director	$0	$0	$0
ERIC LEIDIGH	ASSISTANT SECRETARY	5.00	Director	$0	$0	$0
STEPHANIE MILLER	TREASURER	5.00	Director	$0	$0	$0
JEFF STERNER	ASSISTANT TREASURER	5.00	Director	$0	$0	$0
WILLIAM O'DONNELL	DIRECTOR	5.00	Director	$0	$0	$0
BEVERLY LILLEY	DIRECTOR	5.00	Director	$0	$0	$0
AMEY SGRIGNOLI	CEO	40.00	Officer	$516,607	$241,158	$757,765
REBEKA LANDON	SVP OF FINANCE	40.00	Officer	$222,731	$32,151	$254,882
JASON ALLEN	SVP OF MEMBER ENGAGEMENT	40.00	Key Emp	$220,653	$18,204	$238,857
PAUL PERINI III	SVP OF MARKETING & BUSISNESS DEVELOPMENT	40.00	Key Emp	$190,143	$31,328	$221,471
SAMUEL GLESNER	SVP OF IT AND CS	40.00	Key Emp	$187,749	$31,015	$218,764
MICHAEL WOLFE	SVP OF LENDING	40.00	Key Emp	$162,715	$30,163	$192,878
TIMOTHY BRADLEY	VP OF IT	40.00	Highest	$169,338	$6,676	$176,014
NATHAN DAVIS	BUSINESS LENDING MANAGER	40.00	Highest	$138,629	$29,220	$167,849
ROBERT HOKE	VP OF CORPORATE SUPPORT	40.00	Highest	$140,493	$29,177	$169,670
SCOTT SABOLSKY	IT NETWORK MANAGER	40.00	Highest	$149,436	$28,670	$178,106
MARTI SPECK	VP OF HR & TRAINING	40.00	Highest	$162,348	$26,080	$188,428

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	$63,216,004	$60,370,971	$935,226,776	$2,845,033
2023	$55,881,523	$52,708,984	$917,387,402	$3,172,539
2022	$48,046,376	$40,889,110	$935,041,238	$7,157,266
2021	$40,862,040	$32,408,455	$811,601,260	$8,453,585
2020	$36,897,498	$32,210,678	$741,180,010	$4,686,820
2019	$38,281,599	$31,838,798	$629,886,333	$6,442,801
2018	$35,373,397	$30,834,038	$613,628,377	$4,539,359