CORNERSTONE 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

GAIL CLORE

Phone

8152355855

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE CREDIT UNION, founded in 1939, is a community nonprofit in the Public & Societal Benefit sector that reported $9.4M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $8.7M left a modest 8% surplus.

Mission

CORNERSTONE CREDIT UNION IS A COMMUNITY-FOCUSED FINANCIAL COOPERATIVE COMMITTED TO PROVIDING QUALITY, DIFFERENTIATED SERVICES TO ITS MEMBER-OWNERS. OUR PROFESSIONAL STAFF AND VOLUNTEERS WILL ENSURE FISCAL STABILITY THROUGH RESPONSIBLE LEADERSHIP AND GROWTH.

Program Service Accomplishments

Program 1

PROVIDED FINANCIAL SERVICES TO 10,317 MEMBERS, PROVIDED 4,497 CONSUMER AND REAL ESTATE LOANS, MAINTAINED 22,436 DEPOSIT ACCOUNTS FOR THE BENEFIT OF OUR MEMBERS/OWNERS.

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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 $7,065,352

Investment Income $2,374,308

Other Revenue $0

TOTAL REVENUE $9,439,660

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $2,875,938

Fundraising Expenses $0

Other Expenses $3,865,182

TOTAL EXPENSES $8,665,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,439,660	$7,921,070	+0.2%
Expenses	$8,665,479	$7,368,293	+0.2%
Net Income	$774,181	$552,777	+0.4%

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

$635,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BEYER	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL SCHOAF	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE ROTHERMEL-NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY CHURCH	DIRECTOR THRU MARCH	1.00	Director	$0	$0	$0
KENNETH EICHHOLZ JR	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE KLIPPING	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE KRAFT	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS VOSS	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA WHITE	DIRECTOR THRU MAY	1.00	Director	$0	$0	$0
GAIL CLORE	PRESIDENT	40.00	Officer	$176,115	$11,188	$187,303
DAVID HOFFERT	VP OF OPERATIONS	40.00	Officer	$149,498	$10,658	$160,156
JIM COONS	VP OF FINANCE	40.00	Officer	$128,763	$20,346	$149,109
SCOTT ARNOLD	VP OF LENDING	40.00	Officer	$125,308	$14,058	$139,366

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	$9,439,660	$8,665,479	$163,615,171	$774,181
2023	$7,921,070	$7,368,293	$142,504,905	$552,777
2022	$6,965,510	$5,613,826	$145,441,779	$1,351,684
2021	$5,518,746	$5,070,418	$146,270,936	$448,328
2020	$5,424,795	$5,423,678	$135,102,332	$1,117
2019	$6,338,472	$5,811,169	$120,430,604	$527,303
2018	$6,479,141	$5,996,146	$116,104,761	$482,995