NORTHSTAR CREDIT UNION (EIN 237113418) - 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

1971

Legal Domicile

Principal Officer

LLOYD FREDENDALL

Phone

6303937201

Tax Period

2020-01-01 to 2020-12-31

NORTHSTAR CREDIT UNION, founded in 1971, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $12.0M in total revenue in fiscal year 2020. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $10.3M left a modest 14% surplus.

Mission

NORTHSTAR CREDIT UNION IS A MEMBER-OWNED & OPERATED, NOT-FOR-PROFIT FINANCIAL COOPERATIVE. NORTHSTAR OPERATES AS A FULL SERVICE FINANCIAL INSTITUTION FOR THE BENEFIT OF OUR MEMBERSHIP. OUR PROFITS ARE RETURNED TO THE MEMBERSHIP, OUR OWNERS, THROUGH LOWER INTEREST RATE LOANS, COMPETITIVE MONTHLY DIVIDENDS, LOWER FEES, AND CAPITAL ACCUMULATION TO ENSURE LONG TERM STABILITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,393,509

Investment Income $632,795

Other Revenue $0

TOTAL REVENUE $12,026,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,603,875

Fundraising Expenses $0

Other Expenses $6,680,394

TOTAL EXPENSES $10,284,269

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,026,304	$10,962,869	+0.1%
Expenses	$10,284,269	$9,862,435	+0.0%
Net Income	$1,742,035	$1,100,434	+0.6%

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

$1,519,528

Total Directors

$926,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD FREDENDALL	CEO	40.00	Officer Director	$795,680	$130,983	$926,663
DENNIS HUGHES	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL ALOIA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BROZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH JOSEPH	CHAIR	1.00	Officer Director	$0	$0	$0
TIM KEEFE	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY ZILINSKY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE FIEGLE	DIRECTOR	1.00	Director	$0	$0	$0
JILL VERSACE	DIRECTOR	1.00	Director	$0	$0	$0
ROWENA TORRES ORDONEZ	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD NIEWOEHNER IV	VICE PRESIDENT	40.00	Officer	$156,821	$14,088	$170,909
LUZ CASTELLO	VICE PRESIDENT	40.00	Officer	$128,767	$23,403	$152,170
CRISTEN AUSTGEN	VICE PRESIDENT	40.00	Officer	$103,000	$16,342	$119,342
LISA KLEVEN	VICE PRESIDENT	40.00	Officer	$131,879	$18,565	$150,444
VALERIE NICHOLSON	CONTROLLER	40.00	Highest	$138,933	$18,392	$157,325
BIKRAMJIT DHILLON	LOAN OFFICER	40.00	Highest	$210,670	$24,287	$234,957

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
2020	$12,026,304	$10,284,269	$211,754,900	$1,742,035
2019	$10,962,869	$9,862,435	$183,562,695	$1,100,434
2018	$10,066,037	$9,132,507	$169,802,214	$933,530

NORTHSTAR CREDIT UNION