C T E C U (EIN 741199174) - 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

1952

Legal Domicile

Principal Officer

Jocelyn Jackie Kapalski

Phone

7134320038

Tax Period

2022-01-01 to 2022-12-31

C T E C U, founded in 1952, is a small nonprofit that reported $453K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $737K exceeded revenue, resulting in a 63% operating deficit.

Mission

The mission of CTECU is to offer members exceptional service, competitive interest rates, and sound financial management. This is accomplished by aggressive loan promotions, maximizing return on investments, and responsive member service and education.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $225,994

Investment Income $180,032

Other Revenue $46,514

TOTAL REVENUE $452,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,196

Fundraising Expenses $0

Program Expenses $72,862

Other Expenses $330,324

TOTAL EXPENSES $736,923

Year-over-Year Comparison

	2022	2021	Change
Revenue	$452,540	$650,911	-0.3%
Expenses	$736,923	$681,026	+0.1%
Net Income	$-284,383	$-30,115	+8.4%

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

$174,657

Total Directors

$174,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jocelyn Kapalski	President/CEO	45	Officer Director	$151,630	$23,027	$174,657
Michael Beard	Chairman of Board	2.0	Officer Director	$0	$0	$0
John Hanten	Vice-Chairman	2	Officer Director	$0	$0	$0
Gary Cohen	Treasurer of Board	2	Officer Director	$0	$0	$0
Melissa Hinch	Board Secretary	2	Officer Director	$0	$0	$0
Janice Rogers	Director	2	Director	$0	$0	$0
Wanda Stephanow	Director	2	Director	$0	$0	$0
Mike Jung	Vice-Chairman	0		$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
2022	$452,540	$736,923	$25,500,038	$-284,383
2021	$650,911	$681,026	$27,690,825	$-30,115
2020	$733,651	$673,954	$27,020,250	$59,697
2019	$721,993	$726,856	$26,402,411	$-4,863
2018	$748,524	$748,326	$28,217,862	$198

C T E C U