NEW YORK CREDIT UNION ASSOCIATION INC

EIN: 911996137

Albany, NY

Total Revenue
$132,713
Total Expenses
$156,844
Total Assets
$338,382
Net Assets
$338,382
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
NY
Principal Officer
Edward W Kovalefsky CFO
Phone
8003429835
Tax Period
2023-01-01 to 2023-12-31

NEW YORK CREDIT UNION ASSOCIATION INC, founded in 1917, is a small nonprofit that reported $133K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 18% operating deficit.

Mission

The Association's chapters reflect the grassroots efforts of NY credit unions. Chapters generate funds from dinner meetings, seminars, events and an annual allocation from the Association. Funds are expended on meetings, education, consumer awareness, advocacy, scholarships and charitable causes.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,000
Program Service Revenue $85,808
Investment Income $1,905
Other Revenue $0
TOTAL REVENUE $132,713

Expense Breakdown

Grants Paid $100,850
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $156,844
Other Expenses $55,994
TOTAL EXPENSES $156,844

Year-over-Year Comparison

2023 2022 Change
Revenue $132,713 $169,265 -0.2%
Expenses $156,844 $121,749 +0.3%
Net Income $-24,131 $47,516 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
22

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
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jody Carpenter Adirondack Chapter President 0
Director
$0 $0 $0
Chris Hay Adirondack Chapter Treasurer 0
Director
$0 $0 $0
Mike Carter Capital Chapter President 0
Director
$0 $0 $0
Alyssa Evanchick Capital Chapter Treasurer 0
Director
$0 $0 $0
Kristine Coleman-Jelinek Catskill-Hudson President 0
Director
$0 $0 $0
Troy Del Valle Catskill-Hudson Treasurer 0
Director
$0 $0 $0
Kaleb Wilson Central New York Chapter President 0
Director
$0 $0 $0
Christina Suave Central New York Chapter Treasurer 0
Director
$0 $0 $0
Marie Betti Tri-Chapter WNY Chapter President 0
Director
$0 $0 $0
Jennifer Gunn Long Island Chapter President 0
Director
$0 $0 $0
Patricia Daley Long Island Chapter Treasurer 0
Director
$0 $0 $0
Dan Czerniawski Metropolitan Chapter President 0
Director
$0 $0 $0
Robin Myers Metropolitan Chapter Treasurer 0
Director
$0 $0 $0
Laura Dewey Rochester Chapter President 0
Director
$0 $0 $0
Matt Amesbury Rochester Chapter Treasurer 0
Director
$0 $0 $0
Mario DeFulvio Southern Tier Chapter President 0
Director
$0 $0 $0
Kay Murray Southern Tier Chapter Treasurer 0
Director
$0 $0 $0
Nick Mayhew Utica-Rome Chapter President 0
Director
$0 $0 $0
Patrick Gallagher Utica-Rome Chapter Treasurer 0
Director
$0 $0 $0
Mike Mattone Westchester-Rockland President 0
Director
$0 $0 $0
Vincent Dambroso Westchester-Rockland Chapter Treasurer 0
Director
$0 $0 $0
Jen Eschenbach Tri-Chapter WNY Chapter Treasurer 0
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
2024 No data No data No data No data
2023 $132,713 $156,844 $338,382 $-24,131
2022 $169,265 $121,749 $362,513 $47,516
2021 $164,057 $180,006 $314,997 $-15,949
2020 $123,574 $79,649 $330,946 $43,925
2019 $217,793 $199,851 $287,021 $17,942
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