Allcom Credit Union
Nonprofit profile at a glance
- EIN
- 041163260
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Worcester, MA, USA
- Phone
- 5087549980
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Credit Unions
Reported finances
- Revenue
- $3,691,561
- Expenses
- $3,195,774
- Assets
- $78,978,570
- Liabilities
- $66,868,943
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LAURA YBARRA (PRES., CEO & DIRECTOR)
Highest reported compensation
- LAURA YBARRA (PRES., CEO & DIRECTOR): $252,145 total reported compensation
- JOHN J NAUGHTON (CHAIRMAN OF THE BOARD): $2,000 total reported compensation
- SCOTT MORRISON (TREASURER & DIRECTOR): $1,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The credit union accepts deposits and grants loans to its members. Benefits paid are dividends on deposit accounts.
What it reported doing in 2024
Granting of credit (consumer and mortgage loan products) to members.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 82
- Accountability: 90
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.1%; rating input score 36
- Program expense ratio: 59.8%; rating input score 60
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90.9%; rating input score 91; 21st 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
Sustainability
- Operating margin: 13.4%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 24.71; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.85; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 36.1% of revenue deployed · 59.8% of spending went to programs
- Governance: 10 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $252K · 11 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $367K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.