NORTHRIDGE COMMUNITY 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

1957

Legal Domicile

Principal Officer

NICHOLAS MATHIOWETZ

Phone

8776722848

Tax Period

2024-01-01 to 2024-12-31

NORTHRIDGE COMMUNITY CREDIT UNION, founded in 1957, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

OUR PURPOSE IS TO SUPPORT THE PEOPLE IN OUR COMMUNITIES; TO ENCOURAGE THEIR LEARNING AND UNDERSTANDING OF THEIR UNIQUE FINANCIAL SITUATIONS AND PROVIDE TOOLS FOR OUR MEMBERS TO REACH THEIR DREAMS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 2,512 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 7,608 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,207 NEW LOANS DURING 2024. AS OF 12/31/24 WE HAD 5,202 LOANS RECEIVABLE.

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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 $375,266

Program Service Revenue $8,916,360

Investment Income $345,082

Other Revenue $50,647

TOTAL REVENUE $9,687,355

Expense Breakdown

Grants Paid $1,793

Salaries & Benefits $2,181,980

Fundraising Expenses $0

Other Expenses $5,744,993

TOTAL EXPENSES $7,928,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,687,355	$8,252,675	+0.2%
Expenses	$7,928,766	$6,085,106	+0.3%
Net Income	$1,758,589	$2,167,569	-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

$421,172

Total Directors

$180,639

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS MATHIOWETZ	PRES/CEO & S	40.00	Officer Director	$164,236	$16,403	$180,639
MILDRED WELLS-BOYER	VP RETAIL SE	40.00	Officer	$115,986	$4,947	$120,933
ELIZABETH POPP	VP ADMINISTR	40.00	Officer	$114,998	$4,602	$119,600
RYAN REDISKE	CHAIR	0.50	Officer Director	$0	$0	$0
SUSAN SOWERS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CASSANDRA HAINEY	DIRECTOR	0.50	Director	$0	$0	$0
LORI EDSTROM	DIRECTOR	0.50	Director	$0	$0	$0

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	$9,687,355	$7,928,766	$114,306,052	$1,758,589
2023	$8,252,675	$6,085,106	$104,756,237	$2,167,569
2022	$6,267,768	$4,825,795	$97,082,999	$1,441,973
2021	$5,224,053	$3,799,494	$73,708,214	$1,424,559
2020	$4,265,981	$3,432,531	$64,225,268	$833,450
2019	$3,719,244	$3,046,563	$55,500,581	$672,681
2018	$2,901,961	$2,526,100	$44,115,746	$375,861