NEW DIRECTIONS COMMUNITY CREDIT UNION (EIN 251261615) - 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

1974

Legal Domicile

Principal Officer

KAREN BALDWIN

Phone

8144324091

Tax Period

2024-01-01 to 2024-12-31

NEW DIRECTIONS COMMUNITY CREDIT UNION, founded in 1974, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 12% surplus.

Mission

NEW DIRECTIONS COMMUNITY CREDIT UNION STRIVES TO PROVIDE OUR MEMBERS WITH AFFORDABLE PRODUCTS AND ESSENTIAL SERVICES THAT SIMPLIFY AND EMPOWER THEIR FINANCIAL JOURNEY.

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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 $2,220,151

Investment Income $448,393

Other Revenue $58,852

TOTAL REVENUE $2,727,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,000,574

Fundraising Expenses $0

Other Expenses $1,396,663

TOTAL EXPENSES $2,397,237

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,727,396	$2,512,444	+0.1%
Expenses	$2,397,237	$2,244,336	+0.1%
Net Income	$330,159	$268,108	+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

N/A

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

$196,016

Total Directors

$200,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BALDWIN	CEO	40.00	Officer Director	$103,062	$7,839	$110,901
DAWN WHEELING	OPERATIONS M	40.00	Officer Director	$79,059	$6,056	$85,115
LORELIE GRAHAM	VICE CHAIRMA	2.00	Director	$700	$0	$700
DIANE KENDRICK	SECRETARY/TR	2.00	Director	$700	$0	$700
TIMOTHY KERR	SUPERV. COMM	2.00	Director	$650	$0	$650
STEVEN HUGHES	DIRECTOR	2.00	Director	$600	$0	$600
NANCY HARTLE	DIRECTOR	2.00	Director	$550	$0	$550
JOYCE LUTON	CHAIRMAN	2.00	Director	$550	$0	$550
DARYL DEANGELIS	SUPERV. COMM	2.00	Director	$300	$0	$300
MARY K SERAFIN	SUPERV. COMM	2.00	Director	$100	$0	$100
SUSAN BIALO	SUPERV. COMM	2.00	Director	$50	$0	$50

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	$2,727,396	$2,397,237	$37,660,430	$330,159
2023	$2,512,444	$2,244,336	$36,701,591	$268,108
2022	$2,688,911	$2,315,821	$38,968,547	$373,090
2021	$2,508,500	$2,350,663	$43,079,310	$157,837
2020	$2,286,020	$2,033,294	$40,345,015	$252,726
2019	$2,630,388	$2,873,652	$38,201,108	$-243,264
2018	$2,771,691	$2,533,360	$38,793,109	$238,331

NEW DIRECTIONS COMMUNITY CREDIT UNION