HOLY ROSARY 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

1943

Legal Domicile

Principal Officer

CAROLE WIGHT

Phone

8162212734

Tax Period

2023-01-01 to 2023-12-31

HOLY ROSARY CREDIT UNION, founded in 1943, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $664K, a strong 15% operating margin.

Mission

HRCU'S MISSION IS CREATING AND PROTECTING OWNERSHIP AND ECONOMIC OPPORTUNITY FOR ALL. THE CREDIT UNION DOES THIS BY PROVIDING RESPONSIBLE FINANCIAL SERVICES AND EDUCATION, LENDING TO INDIVIDUALS, SMALL BUSINESSES AND NONPROFITS, DEVELOPING REAL ESTATE, AND PROVIDING FAIR FINANCIAL PRACTICES.

Program Service Accomplishments

Program 1

90% OF LOANS GIVEN WERE DISBURSED TO CDFI LOW-INCOME TARGET POPULATIONS. THE CREDIT UNION TRULY SERVES THE POOR.

Program 2

PROVIDES FINANCIAL AND FINANCIALLY RELATED SERVICES TO 7,225 MEMBERS.

Program 3

PROVIDES A SOURCE OF CREDIT TO MEMBERS AT A FAIR AND REASONABLE RATE OF INTEREST. AS OF DECEMBER 31, 2023, THERE WERE 3,427 LOANS OUTSTANDING TOTALING $33,612,890.

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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 $1,027,965

Program Service Revenue $2,940,045

Investment Income $343,692

Other Revenue $4,373

TOTAL REVENUE $4,316,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,422,232

Fundraising Expenses $0

Other Expenses $2,230,152

TOTAL EXPENSES $3,652,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,316,075	$3,010,457	+0.4%
Expenses	$3,652,384	$2,629,138	+0.4%
Net Income	$663,691	$381,319	+0.7%

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

$114,837

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD COHENOUR	CHAIRMAN	1.00	Director	$0	$0	$0
ROBERT GIVENS	VICE CHAIRMAN	1.00	Director	$0	$0	$0
SALVATORE VALENTI	SECRETARY	1.00	Director	$0	$0	$0
MARQUITA MILLER-JOSHUA	TREASURER	1.00	Director	$0	$0	$0
TY BUI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LYSINGER	DIRECTOR	1.00	Director	$0	$0	$0
T J JOLLY	DIRECTOR	1.00	Director	$0	$0	$0
SIMONE CURLS	DIRECTOR	1.00	Director	$0	$0	$0
WIM VAN KLINKEN	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA NERO	DIRECTOR	1.00	Director	$0	$0	$0
ERICA DOBREFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CARMONA	DIRECTOR	1.00	Director	$0	$0	$0
JESUS HUERTA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE WIGHT	PRESIDENT	80.00	Officer	$108,310	$6,527	$114,837

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	No data	No data	No data	No data
2023	$4,316,075	$3,652,384	$41,641,288	$663,691
2022	$3,010,457	$2,629,138	$38,979,468	$381,319
2021	$2,531,436	$1,910,256	$35,459,400	$621,180
2020	$1,682,680	$1,543,276	$28,051,424	$139,404
2019	$1,600,773	$1,308,749	$22,961,779	$292,024
2018	$1,359,248	$1,275,587	$22,415,376	$83,661