COMMONWEALTH CENTRAL CREDIT UNION (EIN 946087440) - 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

1958

Legal Domicile

Principal Officer

VIKTORIA EARLE

Phone

4085313100

Tax Period

2023-01-01 to 2023-12-31

COMMONWEALTH CENTRAL CREDIT UNION, founded in 1958, is a mid-sized nonprofit that reported $34.4M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.6M, a strong 31% operating margin.

Mission

TO HELP OUR MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING.

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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 $1,881,608

Program Service Revenue $28,312,646

Investment Income $4,186,624

Other Revenue $64,291

TOTAL REVENUE $34,445,169

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $11,368,712

Fundraising Expenses $0

Other Expenses $10,739,805

TOTAL EXPENSES $23,841,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,445,169	$26,354,115	+0.3%
Expenses	$23,841,777	$21,401,805	+0.1%
Net Income	$10,603,392	$4,952,310	+1.1%

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

111

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

$1,920,584

Total Directors

$32,663

Key Employees

$257,356

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CRAWFORD	CHAIRMAN	1.00	Officer Director	$10,023	$0	$10,023
LARRY CHAMBERS	VICE-CHAIR	1.00	Officer Director	$3,711	$0	$3,711
ALBERT BALAGSO	TREASURER	1.00	Officer Director	$10,885	$0	$10,885
ANNE LE	SECRETARY	1.00	Officer Director	$3,142	$0	$3,142
MICHAEL F FILICE JR	DIRECTOR (THRU 4/20/23)	1.00	Director	$2,117	$0	$2,117
BARRY SCHIMMEL	DIRECTOR	1.00	Director	$780	$0	$780
LILY LIM-TSAO	DIRECTOR	1.00	Director	$2,005	$0	$2,005
MEENA MEYYAPPAN	DIRECTOR	1.00	Director	$0	$0	$0
VIKTORIA EARLE	PRESIDENT/CEO	40.00	Officer	$496,340	$44,869	$541,209
DAVID LOFTUS	CHIEF FINANCIAL OFFICER	40.00	Officer	$241,145	$10,590	$251,735
LISA BROWN	CHIEF STRATEGY AND PEOPLE OFFICER	40.00	Officer	$301,883	$14,602	$316,485
JENNIFER D'AMICO	CHIEF MARKETING OFFICER	40.00	Officer	$233,566	$33,398	$266,964
SUNDEEP JAIN	CHIEF LENDING OFFICER	40.00	Officer	$226,714	$13,160	$239,874
VAL OVROOTSKY	CHIEF INFORMATION OFFICER	40.00	Officer	$252,721	$23,835	$276,556
SYLVIA GRANGER	VP, RETAIL SERVICES	40.00	Key Emp	$233,910	$23,446	$257,356
MANUEL CARINO	AVP, INFORMATION SYSTEMS & SECURITY	40.00	Highest	$141,157	$19,690	$160,847
AMY CIMORELLI	AVP, HUMAN RESORCES	40.00	Highest	$170,637	$20,010	$190,647
EILISH PERRY	DIRECTOR OF COMPLIANCE	40.00	Highest	$141,384	$19,554	$160,938
NOEL SHANKER	DIGITAL SERVICES MANAGER	40.00	Highest	$134,574	$26,711	$161,285
SIRISAK UMPAWA	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$133,577	$26,745	$160,322

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	$34,445,169	$23,841,777	$631,464,188	$10,603,392
2022	$26,354,115	$21,401,805	$672,566,612	$4,952,310
2021	$22,054,983	$19,833,281	$681,759,070	$2,221,702
2020	$22,878,620	$22,572,712	$628,253,573	$305,908
2019	$25,504,310	$22,588,829	$530,015,745	$2,915,481
2018	$23,731,127	$19,909,315	$515,077,902	$3,821,812

COMMONWEALTH CENTRAL CREDIT UNION