CORNERSTONE 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

1931

Legal Domicile

Principal Officer

GARY KEY

Phone

5152741171

Tax Period

2018-01-01 to 2018-12-31

CORNERSTONE COMMUNITY CREDIT UNION, founded in 1931, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018.

Mission

CORNERSTONE COMMUNITY CREDIT UNION'S VISION PROVIDEDS OUR MEMBERS WITH THE HIGHEST QUALITY FINANCIAL PRODUCTS AVAILABLE. WE PUT YOU FIRST AND PLEDGE TO SERVE YOUR PERSONAL NEEDS WITH COMPETENCE, INTEGRITY, AND IMPORTANCE. BUILDING YOUR FINANCIAL SUCCESS, ONE MEMBER AT A TIME SINCE 1931.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 192 NEW DEPOSIT ACCOUNTS IN 2018. AS OF 12/31/18 WE HAD 3,211 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 325 NEW LOANS TO MEMBERS DURING 2018. AS OF 12/31/18 WE HAD 944 LOANS TO OUR MEMBERS.

Program 3

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $910,895

Investment Income $105,358

Other Revenue $39,470

TOTAL REVENUE $1,057,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,081

Fundraising Expenses $0

Other Expenses $788,430

TOTAL EXPENSES $1,114,511

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,057,723	$1,001,072	+0.1%
Expenses	$1,114,511	$992,589	+0.1%
Net Income	$-56,788	$8,483	-7.7%

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

$111,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CLARK	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN DEANGELIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHELE CHEEK	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDI SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARK COOPER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE SCANLON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY KEY	CEO	50.00	Officer	$100,476	$10,615	$111,091

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
2018	$1,057,723	$1,114,511	$20,525,137	$-56,788