AUBURN HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)1199 CORNERSTONE COMMUNITY FINANCIAL CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $24.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $22.6M left a modest 9% surplus.
WE ARE COMMITTED TO BEING A LEADING COMMUNITY-FOCUSED CREDIT UNION THAT IS THE CORNERSTONE TO HELPING MEMBERS ACHIEVE THEIR FINANCIAL GOALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $24,864,783 | $21,603,999 | +0.2% |
| Expenses | $22,611,791 | $16,880,842 | +0.3% |
| Net Income | $2,252,992 | $4,723,157 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LEO MOSES | CHAIRPERSON | 10.00 |
Director
|
$0 | $0 | $0 |
| CHRIS BAKER | TREASURER | 5.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY MCGLINCHEY | VICE CHAIRPERSON | 5.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY GREEN | SECRETARY | 5.00 |
Director
|
$0 | $0 | $0 |
| JOHN ELSE II | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DAVID WOODWARD | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| LORI OZDOWY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JACKIE MACON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| HEIDI KASSAB | PRESIDENT/CEO | 40.00 |
Officer
|
$458,728 | $48,363 | $507,091 |
| JENNIFER DICKEY | CHIEF EXPERIENCE OFFICER | 40.00 |
Officer
|
$213,327 | $33,168 | $246,495 |
| CHRISTOPHER MANGENO | CHIEF LENDING OFFICER | 40.00 |
Officer
|
$188,437 | $56,950 | $245,387 |
| MARK EVENSON | CFO | 40.00 |
Officer
|
$163,666 | $45,872 | $209,538 |
| ROBERT STIER | CFO | 40.00 |
Officer
|
$23,962 | $0 | $23,962 |
| SUZANNE MARTIN | VP OF RETAIL SALES | 40.00 |
Key Emp
|
$163,987 | $21,562 | $185,549 |
| DAVID SHOSEY | VP OF IT | 40.00 |
Key Emp
|
$156,979 | $52,322 | $209,301 |
| STEVE FLORES | VP OF OPERATIONS | 40.00 |
Highest
|
$145,325 | $47,497 | $192,822 |
| AUTUMN NANASI | VP OF CULTURE AND TALENT | 40.00 |
Highest
|
$140,134 | $29,804 | $169,938 |
| ANDREA CORNELL | HR BUSINESS PARTNER | 40.00 |
Highest
|
$105,151 | $17,622 | $122,773 |
| HEATHER HERMES | LOAN SERVICING MANAGER | 40.00 |
Highest
|
$104,732 | $16,957 | $121,689 |
| CHRISTOPHER DEGEN | LENDING MANAGER | 40.00 |
Highest
|
$103,662 | $7,643 | $111,305 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $24,864,783 | $22,611,791 | $405,800,769 | $2,252,992 |
| 2022 | $21,603,999 | $16,880,842 | $409,250,365 | $4,723,157 |
| 2021 | $18,739,193 | $14,499,595 | $371,170,169 | $4,239,598 |
| 2020 | $16,335,314 | $14,442,775 | $328,529,665 | $1,892,539 |
| 2019 | $16,149,680 | $14,650,131 | $288,188,015 | $1,499,549 |
| 2018 | $14,753,782 | $12,712,714 | $284,138,924 | $2,041,068 |
Compare 1199 CORNERSTONE COMMUNITY FINANCIAL CREDIT UNION with other nonprofits in Michigan and across the country.