UNITED BAY COMMUNITY CREDIT UNION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

DIANE ABBONIZIO

Phone

9898924597

Tax Period

2023-01-01 to 2023-12-31

UNITED BAY COMMUNITY CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

PROVIDING OUR MEMBERS THE RESOURCES TO DEVELOP STRONG FINANCIAL ROOTS.

Program Service Accomplishments

Program 1

SERVED APPROXIMATELY 18,500 MEMBERS BY OFFERING LOANS, DEPOSITS, AND VARIOUS OTHER FINANCIAL SOLUTIONS TO ENSURE FINANCIAL SUCCESS TO OUR MEMBERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,210,431

Investment Income $615,298

Other Revenue $0

TOTAL REVENUE $13,825,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,304,084

Fundraising Expenses $0

Other Expenses $7,560,435

TOTAL EXPENSES $13,864,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,825,729	$11,618,988	+0.2%
Expenses	$13,864,519	$11,560,753	+0.2%
Net Income	$-38,790	$58,235	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

100

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

$508,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD GOULET	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE HOULE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS GENO	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVENE IVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIE ROTH	BOARD MEMBER	1.00	Director	$0	$0	$0
RENAY SCHMIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZABETH HOWARD	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BOSCO	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
NICKIE ROSS	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE ABBONIZIO	CEO	60.00	Officer	$255,000	$55,494	$310,494
DOUG KELLEY	CFO	60.00	Officer	$152,523	$45,028	$197,551

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	No data	No data	No data	No data
2023	$13,825,729	$13,864,519	$274,268,607	$-38,790
2022	$11,618,988	$11,560,753	$281,526,666	$58,235
2021	$10,170,296	$8,821,798	$253,810,189	$1,348,498
2020	$9,874,801	$8,354,710	$222,799,625	$1,520,091
2019	$9,697,730	$8,252,712	$194,547,838	$1,445,018
2018	$9,498,998	$7,998,955	$189,721,310	$1,500,043