PA NJ CREDIT UNION ASSOCIATION

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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

2020

Legal Domicile

Principal Officer

PATRICK CONWAY

Phone

7172343156

Tax Period

2023-01-01 to 2023-12-31

PA NJ CREDIT UNION ASSOCIATION, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 21% operating margin.

Mission

CROSSSTATE PROVIDES ADVOCACY, RESOURCES, AND SOLUTIONS TO MEMBER CREDIT UNIONS IN PENNSYLVANIA AND NEW JERSEY.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROMOTES ADVOCACY AND PROVIDES EDUCATIONAL RESOURCES AND GUIDANCE TO CREDIT UNIONS. CROSSSTATE IS GOVERNED BY A BOARD OF DIRECTORS WHO ARE ELECTED BY AND ARE FROM AFFILIATED CREDIT...

Program 2

MEMBERS OF THE ORGANIZATION RECEIVE VARIOUS BENEFITS FROM SERVICES PROVIDED BY CROSSSTATE SUCH AS LEGISLATIVE AND REGULATORY ADVOCACY, EDUCATION AND PROFESSIONAL DEVELOPMENT, PUBLIC RELATIONS, AND...

MEMBERS OF THE ORGANIZATION RECEIVE VARIOUS BENEFITS FROM SERVICES PROVIDED BY CROSSSTATE SUCH AS LEGISLATIVE AND REGULATORY ADVOCACY, EDUCATION AND PROFESSIONAL DEVELOPMENT, PUBLIC RELATIONS, AND COMPLIANCE ASSISTANCE FOR STATE AND FEDERAL MATTERS.

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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 $6,108,815

Investment Income $578,783

Other Revenue $59,247

TOTAL REVENUE $6,746,845

Expense Breakdown

Grants Paid $16,911

Salaries & Benefits $3,374,523

Fundraising Expenses $0

Other Expenses $1,929,496

TOTAL EXPENSES $5,320,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,746,845	$6,124,256	+0.1%
Expenses	$5,320,930	$4,887,438	+0.1%
Net Income	$1,425,915	$1,236,818	+0.2%

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

211

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

$1,286,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK CONWAY	PRESIDENT &	40.00	Officer	$608,238	$66,187	$674,425
CHRISTINA MIHALIK	SVP GOV RELA	40.00	Officer	$166,632	$15,380	$182,012
NICOLA FOGGIE	CHIEF REG OF	40.00	Officer	$137,219	$12,312	$149,531
BRADFORD SIMPSON	CFO	40.00	Officer	$113,317	$29,742	$143,059
KAMALA BRANCHICK	VP, HR & OPE	40.00	Officer	$118,610	$19,085	$137,695
ANDY JAEGER	CHAIR	1.00	Officer Director	$0	$0	$0
WENDY KINGSLAND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ARDIRE	DIRECTOR	0.50	Director	$0	$0	$0
JIM BURNS	DIRECTOR	0.50	Director	$0	$0	$0
TRACI DONAHUE	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD GARCIA	DIRECTOR	0.50	Director	$0	$0	$0
JILL PETERSON	DIRECTOR	0.50	Director	$0	$0	$0
JAY REED	DIRECTOR	0.50	Director	$0	$0	$0
STACEY REMICK	DIRECTOR	0.50	Director	$0	$0	$0
ANNEMARIE SHINN	DIRECTOR	0.50	Director	$0	$0	$0
JOEL SLAGAN	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD STIPA	DIRECTOR	0.50	Director	$0	$0	$0
DARLENE J WALKER	PRESIDENT -	1.00	Officer Director	$0	$0	$0
VICTOR A GIOIOSA JR	PRESIDENT -	1.00	Officer Director	$0	$0	$0
SCOTT BRUNNER	VP - BEAVER	1.00	Officer Director	$0	$0	$0
JOSEPH FLETCHER	PRESIDENT -	1.00	Officer Director	$0	$0	$0
SARAH J JOHNSTON	PRESIDENT -	1.00	Officer Director	$0	$0	$0
AMANDA HOPPLE	PRESIDENT -	1.00	Officer Director	$0	$0	$0
KAREN WALKER	PRESIDENT -	1.00	Officer Director	$0	$0	$0
FELICIA CUNNINGHAM	PRESIDENT -	1.00	Officer Director	$0	$0	$0
ROSEMARIE E KRANTZ	PRESIDENT -	1.00	Officer Director	$0	$0	$0
GARY LOOMIS	PRESIDENT -	1.00	Officer Director	$0	$0	$0
VINCENT J MARKET	PRESIDENT -	1.00	Officer Director	$0	$0	$0
BRENDA RAKER	PRESIDENT-NW	1.00	Officer Director	$0	$0	$0
STACEY HOVAN	PRESIDENT -	1.00	Officer Director	$0	$0	$0
MARIE O'BRIEN	PRESIDENT -	1.00	Officer Director	$0	$0	$0
MICHAEL VATTER	PRESIDENT -	1.00	Officer Director	$0	$0	$0
DEBRA A KAUFFMAN	VP - YORK	1.00	Officer Director	$0	$0	$0
BOB STEEVES	PRESIDENT -	1.00	Officer Director	$0	$0	$0
MARK MALINOWSKI	PRESIDENT -	1.00	Officer Director	$0	$0	$0
GARY CHIZMADIA	PRESIDENT -	1.00	Officer Director	$0	$0	$0
JOHN NEWMAN	PRESIDENT -	1.00	Officer 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	No data	No data	No data	No data
2023	$6,746,845	$5,320,930	$25,635,027	$1,425,915
2022	$6,124,256	$4,887,438	$23,378,111	$1,236,818
2021	$5,967,329	$4,725,015	$23,054,558	$1,242,314
2020	$5,120,702	$4,897,360	$20,856,850	$223,342