BAY SHORE 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

1953

Legal Domicile

Principal Officer

VICKI CARVIOU

Phone

7157320065

Tax Period

2025-01-01 to 2025-12-31

BAY SHORE CREDIT UNION, founded in 1953, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $692K, a strong 26% operating margin.

Mission

TO ENCOURAGE THRIFT AMONG OUR MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR EACH OF OUR MEMBERS TO IMPROVE THEIR RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 203 NEW DEPOSIT ACCOUNTS IN 2025. AS OF 12/31/25 WE HAD 3,322 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 695 NEW LOANS TO MEMBERS DURING 2025. AS OF 12/31/25 WE HAD 1,995 LOANS TO OUR MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,422,699

Investment Income $1,099,095

Other Revenue $103,739

TOTAL REVENUE $2,625,533

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $686,912

Fundraising Expenses $0

Other Expenses $1,244,702

TOTAL EXPENSES $1,933,114

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,625,533	$2,338,109	+0.1%
Expenses	$1,933,114	$1,461,632	+0.3%
Net Income	$692,419	$876,477	-0.2%

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

$124,253

Total Directors

$435

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI CARVIOU	PRESIDENT	40.00	Officer	$96,684	$27,151	$123,835
CRAIG BUTLER	VICE CHAIR	1.00	Officer Director	$350	$17	$367
MITCH HUBERT	CHAIR	0.50	Officer Director	$0	$17	$17
ANITA MOROIS	TREASURER	0.50	Officer Director	$0	$17	$17
JAMES ENGMAN	SECRETARY	0.50	Officer Director	$0	$17	$17
STEVE HANSEN	DIRECTOR	0.50	Director	$0	$17	$17

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
2025	$2,625,533	$1,933,114	$46,267,296	$692,419
2024	$2,338,109	$1,461,632	$43,400,438	$876,477
2023	$1,887,919	$1,347,846	$42,341,389	$540,073
2022	$1,490,247	$1,276,002	$44,922,514	$214,245
2021	$1,398,581	$1,246,504	$44,561,621	$152,077
2020	$1,532,103	$1,211,205	$38,175,128	$320,898
2019	$1,563,706	$1,161,153	$32,259,029	$402,553
2018	$1,374,116	$1,038,775	$30,826,354	$335,341