BRIGHTSTAR CREDIT UNION (EIN 590653174) - 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

1946

Legal Domicile

Phone

9544862728

Tax Period

2024-01-01 to 2024-12-31

BRIGHTSTAR CREDIT UNION, founded in 1946, is a mid-sized nonprofit that reported $57.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $50.5M left a modest 12% surplus.

Mission

CREDIT UNION

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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 $0

Program Service Revenue $40,527,510

Investment Income $4,651,591

Other Revenue $12,158,956

TOTAL REVENUE $57,338,057

Expense Breakdown

Grants Paid $135,359

Salaries & Benefits $14,217,091

Fundraising Expenses $0

Program Expenses $50,596,391

Other Expenses $36,108,581

TOTAL EXPENSES $50,461,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,338,057	$47,253,853	+0.2%
Expenses	$50,461,031	$39,969,439	+0.3%
Net Income	$6,877,026	$7,284,414	-0.1%

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

247

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

$3,557,048

Total Directors

$106,463

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Biana Murnane	CEO	40.00	Officer	$922,714	$171,626	$1,094,340
David Mateo	VP of Commercial Lending Services	40.00	Officer	$473,212	$22,489	$495,701
Michael Tomko	Consultant to the CEO	40.00		$415,648	$14,685	$430,333
Natasha Schneider	VP of Finance	40.00	Officer	$235,718	$23,184	$258,902
Wendy Lutheran	VP of Human Resources	40.00	Officer	$220,605	$11,867	$232,472
Dustin Jacobs	VP of Marketing	40.00	Officer	$218,870	$27,756	$246,626
Carlos Ospino	VP of Operations	40.00	Officer	$215,126	$25,550	$240,676
Neil Dietz	Sr Vice President of Lending	40.00		$160,361	$14,343	$174,704
James Huaman	VP of Information Technology	40.00		$157,881	$14,701	$172,582
Amanda Ruddy	AVP of Branch Operations	40.00	Officer	$155,372	$19,993	$175,365
Ayleen Alfonso	AVP of Fraud Compliance	40.00	Officer	$149,792	$17,399	$167,191
David Diaz	AVP of Facilities	40.00	Officer	$146,730	$24,224	$170,954
Ricardo Acosta	AVP of Organizational Development	40.00	Officer	$134,836	$22,917	$157,753
Raed Soudani	Collection Manager	40.00	Highest	$133,497	$27,244	$160,741
Gabriel Perez	IT Director	40.00	Officer Highest	$131,468	$14,392	$145,860
Kathleen Bacco	Credit Admin and Lending Srvs Manager	40.00	Highest	$127,519	$17,933	$145,452
David Ruiz	Commercial Portfolio Administrator	40.00	Highest	$125,646	$13,777	$139,423
Manuel Cardenas	Mortgage Services Manager	40.00	Highest	$121,158	$15,595	$136,753
Guy Petroro	Sr VP of Lending	40.00	Officer	$115,388	$13,905	$129,293
Harold Hassenfelt	Chief Information Officer	40.00	Officer	$36,596	$5,319	$41,915
William Hennessey	Board Director	161.00	Director	$16,691	$0	$16,691
Colin Battle	Chairman of the Board	102.00	Director	$16,486	$0	$16,486
Patrick Hardigan	Supervisory Committee	137.00	Director	$14,963	$0	$14,963
Ben Leong	Chair Person Supervisory Committee	96.00	Director	$14,589	$0	$14,589
Diana Martens	Supervisory Committee	137.00	Director	$14,589	$0	$14,589
Kevin Cronin	Board Treasurer	109.00	Director	$14,564	$0	$14,564
Henry Robinson	Board Director	76.00	Director	$5,946	$0	$5,946
Brian Sullivan	Board Secretary	72.00	Director	$5,528	$0	$5,528
Jim Notter	Board Vice Chairman	15.00	Director	$1,677	$0	$1,677
John Quercia	Board Vice Chairman	39.00	Director	$1,430	$0	$1,430
William Lawrence	Supervisory Committee	54.00	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	$57,338,057	$50,461,031	$907,260,002	$6,877,026
2023	$47,253,853	$39,969,439	$830,730,002	$7,284,414
2022	$37,021,233	$30,244,931	$765,497,639	$6,776,302
2021	$31,011,229	$24,475,223	$704,796,140	$6,536,006
2020	$29,625,913	$28,300,926	$606,968,904	$1,324,987
2019	$33,169,539	$31,882,706	$518,452,001	$1,286,833
2018	$29,699,941	$26,690,502	$481,736,746	$3,009,439

BRIGHTSTAR CREDIT UNION