BEST REWARD 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

1949

Legal Domicile

Principal Officer

JOHN SHIRILLA

Phone

4402329540

Tax Period

2020-01-01 to 2020-08-31

BEST REWARD CREDIT UNION, founded in 1949, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2019. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LENDING, SAVINGS AND OTHER FINANCIAL SERVICES TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKETPLACE WITH A "SERVICE-BASED EMPHASIS" THAT RECOGNIZES THE MEMBERS' STATUS AS OWNERS.

Program Service Accomplishments

Program 1

DIVIDENDS AND INTEREST PAID TO MEMBERS ON APPROXIMATELY 11,461 DEPOSIT ACCOUNTS HELD BY APPROXIMATELY 12,173 MEMBERS.

Program 2

DIRECT LABOR AND EMPLOYEE BENEFIT COSTS INCURRED PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE LOAN PORTFOLIO FOR MEMBERS.

Program 3

DATA PROCESSING COSTS INCURRED RECORDING MEMBER ACCOUNTS ACTIVITY AND PROVIDING ACCESS TO MEMBERS TO THEIR ACCOUNTS VIA HOME BANKING, ATM NETWORKS, AND IN PERSON AT THE CREDIT UNION.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,427,923

Investment Income $1,271,274

Other Revenue $17,064

TOTAL REVENUE $2,716,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,089,891

Fundraising Expenses $0

Other Expenses $1,398,661

TOTAL EXPENSES $2,695,801

Year-over-Year Comparison

	2019	2018	Change
Revenue	$2,716,261	$5,134,470	-0.5%
Expenses	$2,695,801	$4,554,920	-0.4%
Net Income	$20,460	$579,550	-1.0%

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

N/A

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

$241,781

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SHIRILLA	PRESIDENT/CE	40.00	Officer	$92,449	$6,889	$99,338
JUDI CHORBA	SVP FINANCE/	40.00	Officer	$52,547	$19,413	$71,960
STEPHEN HALAS	EXECUTIVE VP	40.00	Officer	$65,866	$4,617	$70,483
FRANK ADAMEC	DIRECTOR	0.50	Director	$0	$0	$0
NORMAN ALFORD	CHAIRMAN	0.50	Director	$0	$0	$0
JAMES JACKSON III	SECRETARY	0.50	Director	$0	$0	$0
THOMAS MERRIT JR	VICE CHAIRMA	0.50	Director	$0	$0	$0
STEPHEN KADUSKY	MEMBERSHIP O	0.50	Director	$0	$0	$0
LOUIS PASTOR	TREASURER	0.50	Director	$0	$0	$0
THOMAS ZMRAZEK	DIRECTOR	0.50	Director	$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
2020	$2,716,261	$2,695,801	No data	$20,460
2019	$5,134,470	$4,554,920	$160,120,732	$579,550
2018	$4,712,048	$4,228,305	$145,827,794	$483,743