HAYWARD COMMUNITY CREDIT UNION (EIN 390860430) - 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

1935

Legal Domicile

Principal Officer

BEN ALTONEN

Phone

7156348931

Tax Period

2022-01-01 to 2022-12-31

HAYWARD COMMUNITY CREDIT UNION, founded in 1935, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 6% surplus.

Mission

TO SERVE OUR MEMBERS AND COMMUNITY BY PROMOTING FINANCIAL STABILITY AND QUALITY OF LIFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,606,356

Investment Income $866,155

Other Revenue $-4,863

TOTAL REVENUE $3,467,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,608,141

Fundraising Expenses $0

Program Expenses $3,254,957

Other Expenses $1,646,816

TOTAL EXPENSES $3,254,957

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,467,648	$3,131,116	+0.1%
Expenses	$3,254,957	$2,707,367	+0.2%
Net Income	$212,691	$423,749	-0.5%

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

$334,551

Total Directors

$9,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH LASAVAGE	2ND VICE CHAIR	1.00	Officer Director	$1,600	$0	$1,600
JOEL CLAPERO	1ST VICE CHAIR	1.00	Officer Director	$1,600	$0	$1,600
ROB FRENCHICK	CHAIR	1.00	Officer Director	$3,000	$0	$3,000
RON SIEMERS	TREASURER	1.00	Officer Director	$1,700	$0	$1,700
LISA NAULT	SECRETARY	1.00	Officer Director	$1,600	$0	$1,600
KRISTIN TINGO	EXEC. VICE PRESIDENT	40.00	Officer	$202,664	$4,288	$206,952
SHELLEY MELL	PRESIDENT AND CEO	40.00	Officer	$99,784	$18,315	$118,099

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
2022	$3,467,648	$3,254,957	No data	$212,691
2021	$3,131,116	$2,707,367	$103,621,136	$423,749
2020	$3,337,674	$2,980,183	$89,435,636	$357,491
2019	$3,621,043	$2,984,689	$75,005,197	$636,354
2018	$3,487,657	$3,226,316	$70,827,014	$261,341

HAYWARD COMMUNITY CREDIT UNION