CALIFORNIA BEAR CREDIT UNION C/O C… - Form 990 Financial Data

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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

1933

Legal Domicile

Principal Officer

DANIEL A GRAFF

Phone

2138304111

Tax Period

2022-01-01 to 2022-09-30

CALIFORNIA BEAR CREDIT UNION C/O CREDIT UNION OF SOUTHERN CALIFORNIA, founded in 1933, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT ANDSAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CALIFORNIA BEAR CREDIT UNION CONDUCTSITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITSMEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS

Program Service Accomplishments

Program 1

AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION PROVIDED OVERDRAFT PROTECTION SERVICES TO ITS MEMBERS AT AN AVERAGE COST REDUCTION OF $7.00 PER ITEM COMPARED TO BANKS.

Program 2

AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION WORKED DILIGENTLY IN HELPING ITS MEMBER AND BUSINESS OWNERS TO KEEP THEIR HOMES AND BUSINESSES BY AGREEING TO LOAN MODIFICATIONS THAT...

AS A MEMBER OWNED COOPERATIVE, CALIFORNIA BEAR CREDIT UNION WORKED DILIGENTLY IN HELPING ITS MEMBER AND BUSINESS OWNERS TO KEEP THEIR HOMES AND BUSINESSES BY AGREEING TO LOAN MODIFICATIONS THAT ALLOWED MEMBERS TO RETAIN THEIR HOMES AND BUSINESS OWNERS THEIR BUSINESSES.

Program 3

CALIFORNIA BEAR CREDIT UNION PROVIDES ATM SERVICES TO ITS MEMBERS FREE OF CHARGE FOR USE OF THE COOP ATM NETWORK, AND IT PROVIDES ATM ACCESSIBILITY FOR NON-MEMBERS AT A MARGINAL USAGE FEE THAT IS ON AVERAGE 50% LOWER OF THOSE FEES IMPOSED BY BANKS FOR ATM USE OF THEIR ATM BY NON-MEMBERS.

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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 $2,758,586

Investment Income $371,435

Other Revenue $0

TOTAL REVENUE $3,130,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,698,069

Fundraising Expenses $0

Other Expenses $2,095,692

TOTAL EXPENSES $3,793,761

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,130,021	$4,546,792	-0.3%
Expenses	$3,793,761	$4,424,617	-0.1%
Net Income	$-663,740	$122,175	-6.4%

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

$526,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS FAILING	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
MARIA REYNOLDS-BROOKS	BOARD VICE-CHAIRMAN	2.00	Director	$0	$0	$0
FERNANDO ROLDAN	DIRECTOR	2.00	Director	$0	$0	$0
DIANE FOWLER	DIRECTOR	2.00	Director	$0	$0	$0
EMANUEL OBIORA	DIRECTOR	2.00	Director	$0	$0	$0
DEMETRIS TEAL	DIRECTOR	2.00	Director	$0	$0	$0
MARTA ZARAGOZA	SUPERVISORY COMMITTEE CHAI	2.00	Director	$0	$0	$0
STEVE BAUMAN	SUPERVISORY COMMITTEE VICE	2.00	Director	$0	$0	$0
MARIA R PENILLA	SUPERVISORY COMMITTEE MEMB	2.00	Director	$0	$0	$0
DELIA AVILA	SUPERVISORY COMMITTEE MEMB	2.00	Director	$0	$0	$0
DANIEL GRAFF	CEO	40.00	Officer	$199,728	$19,139	$218,867
WILLIAM HERNANDEZ	CLO	40.00	Officer	$136,941	$5,471	$142,412
RANDY BUCK	COCO	40.00	Officer	$134,304	$30,550	$164,854

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	$3,130,021	$3,793,761	No data	$-663,740
2021	$4,546,792	$4,424,617	$132,346,599	$122,175
2020	$4,914,803	$6,743,170	$122,691,721	$-1,828,367
2019	$5,420,371	$5,013,937	$113,588,904	$406,434
2018	$4,813,089	$4,583,687	$112,325,422	$229,402

CALIFORNIA BEAR CREDIT UNION C/O CREDIT UNION OF SOUTHERN CALIFORNIA