BURLINGTON NORTHTOWN COMMUNITY CREDIT UNION (EIN 440401329) - 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

1928

Legal Domicile

Principal Officer

Rich Galloway

Phone

8164745610

Tax Period

2023-01-01 to 2023-12-31

BURLINGTON NORTHTOWN COMMUNITY CREDIT UNION, founded in 1928, is a small nonprofit that reported $724K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $157K, a strong 22% operating margin.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL SUCCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $524,384

Investment Income $199,943

Other Revenue $0

TOTAL REVENUE $724,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,964

Fundraising Expenses $0

Program Expenses $567,530

Other Expenses $296,566

TOTAL EXPENSES $567,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$724,327	$629,878	+0.1%
Expenses	$567,530	$512,340	+0.1%
Net Income	$156,797	$117,538	+0.3%

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

Total Directors

Key Employees

$89,570

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GALLOWAY	PRESIDENT	40	Key Emp Highest	$89,570	$0	$89,570
DAVID SMITH	CHAIRPERSON	3	Officer	$0	$0	$0
KENNETH BRITT	VICE CHAIRPERSON	3	Officer	$0	$0	$0
KELLY POLLARD	TREASURER	3	Officer	$0	$0	$0
VALETHA PERRY	BOARD SECRETARY	3	Officer	$0	$0	$0
EDWARD WILLIAMS	BOARD MEMBER	3	Officer	$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
2023	$724,327	$567,530	$15,123,535	$156,797
2022	$629,878	$512,340	$15,313,731	$117,538
2021	$570,666	$485,247	$15,734,209	$85,419
2020	$608,663	$473,100	$14,422,746	$135,563
2019	$634,460	$511,995	$12,639,290	$122,465
2018	$601,998	$513,221	$13,878,050	$88,777

BURLINGTON NORTHTOWN COMMUNITY CREDIT UNION