New York Credit Union Association Inc
Nonprofit profile at a glance
- EIN
- 911996137
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Albany, NY, USA
- Phone
- 8003429835
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $91,636
- Expenses
- $80,284
- Assets
- $349,734
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Jody Carpenter (Adirondack Chapter President)
- Mike Carter (Capital Chapter President)
- Kristine Coleman-Jelinek (Catskill-Hudson President)
- Christin Vincent (Central New York Chapter President)
- Micheld Walczak (Tri-Chapter WNY Chapter President)
- Jennifer Gunn (Long Island Chapter President)
People named in this filing
- Jody Carpenter (Adirondack Chapter President)
- Eric McDowell (Adirondack Chapter Treasurer)
- Mike Carter (Capital Chapter President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Chapters of New York Credit Union Association, Inc. represent the grassroots efforts of New York credit unions. The Chapters generate funds from functions such as dinner meetings, education sessions, events, and an annual allocation from the state trade association dues. These funds are expended in the credit union spirit of 'People Helping People' in the form of scholarships, seminars, discussion forums, charitable causes, and community services.
What it reported doing in 2024
Program service revenue includes Membership Services which encompasses the educational sessions that provide professional training and education for credit union management, employees, and volunteers. Community events are also held to promote credit union awareness and membership as well as consumer financial education. Annual meetings for the Chapters are also held for the election of officers. Additionally, dinner meetings and workshops are held to provide speakers on pertinent issues as well as a forum for members to exchange information and discuss regulatory issues.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 76
- Accountability: 82
- Sustainability: 61
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 6th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 68%; rating input score 68; 48th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.4%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 4.36; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -11.5% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $35K in reported program spending
- Leadership: top reported pay $0 · 22 people listed
- Consistency: 10 of 12 current checks pass · 2 findings to review
- Schedules: 3 filed schedules · includes grants
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.