Cornerstone Community Financial Credit Union

Legal name: 1199 Cornerstone Community Financial Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

21 people listed

HEIDI KASSAB (PRESIDENT/CEO): $478,650 total reported compensation
CHRISTOPHER MANGENO (CHIEF LENDING OFFICER): $261,565 total reported compensation
JENNIFER DICKEY (CHIEF EXPERIENCE OFFICER): $253,496 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Making financial success a reality through innovation.

Provide deposit services to over 25,000 members. Members deposits approximated $323 million as of december 31, 2024.

Revenue model: Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 8.1%; rating input score 63; 63rd percentile among comparable filings
Total-asset coverage ratio: 16.3; rating input score 95; 95th percentile among comparable filings
Liabilities to assets ratio: 0.88; rating input score 11; 11th percentile among comparable filings
Officer compensation ratio: 9.5%; rating input score 22; 22nd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 8.5% per year; rating input score 100; 68th percentile among comparable filings
Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings

What they do: 1 programs and campaigns described on the official site
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
Programs: 3 filed program accomplishments
Leadership: top reported pay $479K · 21 people listed · 6 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $2.2M reported
Consistency: 13 of 13 current checks pass
Schedules: 5 filed schedules · includes grants and executive pay
Filing history: 9 filing years from 2015 to 2024
Contacts: How to reach this organization
Money network: 13 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Accountability: Governance controls: Form 990 shared with the board not reported.
High — Sustainability: Liabilities to assets ratio scored 11/100.
High — Sustainability: Officer compensation ratio scored 22/100.