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Nutmeg State Financial Credit Union

  • Rocky Hill, CT
  • Tax-exempt since March 1976
  • EIN: 06-0655039

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$34M (2023)

Expenses
$31.9M (2023)

Total Assets
$585M (2023)

Total Liabilities
$512M (2023)

Source: Form 990 tax filings from 2018 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,047,640
Expenses
$31,904,625
Net Income
$2,143,015
Net Assets
$72,469,706
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,323,728
92.0%
Investment Income $2,723,912
8.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $3,183,147
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $7,272,261
22.8%
Assets/Debt
Total Assets $584,719,438
Total Liabilities $512,249,732
Net Assets $72,469,706
Compensation
Key Employees and Officers Compensation Related Other
John Holt (Chief Executive Officer) $921,780 $0 $0
Patrick Ahern (President/Coo) $416,506 $0 $0
Vincent G Angelillo (Svp Sales & Marketing) $283,340 $0 $0
Al Festni (Svp Strategic Partnerships And Community Dev) $251,684 $0 $0
Craig Knell (Svp Chief Financial Officer) $239,367 $0 $0
Robin Del Vecchio (Svp Technology And Operations) $218,752 $0 $0
Shane P Dugan (Vice President Commercial & Mortgage Lending) $175,524 $0 $0
John Korber (Svp Strategy And Innovation) $172,197 $0 $0
Javier Roman (Director Member Success) $155,716 $0 $0
Heather Gates (Svp Chief Lending Officer) $154,808 $0 $0
Marc Rietze (Product Marketing Manager) $154,505 $0 $0
Luis Ramos (Board Chairman) $7,897 $0 $0
Wallace Abramson (Board Treasurer) $7,813 $0 $0
Pj Cimini Esq (Board Member) $7,800 $0 $0
Michael Petti (Board Vice Chairman) $7,795 $0 $0
Maria Demarco (Supervisory Committee) $3,913 $0 $0
Michael Godbout (Board Member) $2,600 $0 $0
Marybeth Bunko (Board Secretary) $1,150 $0 $0
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Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,470,573
Expenses
$27,715,613
Net Income
$5,754,960
Net Assets
$70,457,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,960,345
95.5%
Investment Income $1,510,228
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,899,331
35.7%
Assets/Debt
Total Assets $554,794,800
Total Liabilities $484,337,402
Net Assets $70,457,398
Compensation
Key Employees and Officers Compensation Related Other
John Holt (President/Ceo) $963,485 $0 $0
Al Festini (Svp, Straegic Partnerships & Community Dev) $264,273 $0 $0
Craig Ginman (Svp Accounting & Finance) $262,691 $0 $0
Vincent Angelillo (Svp, Chief Of Staff) $258,518 $0 $0
John Korber (Svp, Strategy & Innovation) $249,731 $0 $0
Stacey Collins (Vp, People & Culture) $223,840 $0 $0
Dana Clark (Vp, Consumer Lending) $187,898 $0 $0
Mark Edlund (Director Infrastructure Availability) $171,525 $0 $0
Phillip Mucha (Finance & Accounting Proje) $161,925 $0 $0
Marc Rietze (Product Marketing Manager) $156,823 $0 $0
Shane Dugan (Vp, Commercial Lending) $156,131 $0 $0
Javier Roman (Member Success Director) $150,505 $0 $0
Luis Ramos (Board Chairman) $10,105 $0 $0
Michael Petti (Board Vice Chairman) $8,763 $0 $0
Wallace Abramson (Board Treasurer) $7,955 $0 $0
Maria Demarco (Supervisory Committee) $5,966 $0 $0
Michael Godbout (Board Member) $2,041 $0 $0
Marybeth Bunko (Board Secretary) $1,511 $0 $0
Charles Sabia (Board Member) $1,150 $0 $0
Ronald Brousseau (Board Member) $573 $0 $0
Pj Cimini Esq (Board Member) $0 $0 $0
Steven Hernandez Esq (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,973,660
Expenses
$24,674,372
Net Income
$4,299,288
Net Assets
$71,556,349
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,383,201
98.0%
Investment Income $590,459
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $9,328,332
37.8%
Assets/Debt
Total Assets $514,015,975
Total Liabilities $442,459,626
Net Assets $71,556,349
Compensation
Key Employees and Officers Compensation Related Other
John Holt (President/Ceo) $1,040,100 $0 $0
Al Festini (Svp, Risk & Infrastructure) $249,815 $0 $0
Phillip Mucha (Finance & Accounting Project Coordinator) $208,000 $0 $0
Craig Ginman (Svp Accounting & Finance) $195,500 $0 $0
John Korber (Svp, Strategy & Innovation) $192,210 $0 $0
Vincent Angelillo (Evp, Chief Of Staff) $188,125 $0 $0
Dana Clark (Vp, Consumer Lending) $176,967 $0 $0
Stacey Collins (Vp, People & Culture) $157,500 $0 $0
Luis Ramos (Board Chairman) $10,677 $0 $0
Michael Petti (Board Vice Chairman) $10,616 $0 $0
Wallace Abramson (Board Treasurer) $8,057 $0 $0
Charles Sabia (Board Member) $6,036 $0 $0
Ronald Brousseau (Board Member) $2,296 $0 $0
Michael Godbout (Board Member) $1,782 $0 $0
Marybeth Bunko (Board Secretary) $1,150 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,623,424
Expenses
$26,743,276
Net Income
-$1,119,852
Net Assets
$67,928,083
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,019,679
97.6%
Investment Income $603,745
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,795,976
32.9%
Assets/Debt
Total Assets $505,677,219
Total Liabilities $437,749,136
Net Assets $67,928,083
Compensation
Key Employees and Officers Compensation Related Other
John Holt (President/Ceo) $960,670 $0 $0
Al Festini (Svp, Chief Operations Offi) $198,433 $0 $0
Brian Scavone (Svp, Chief Strategy Office) $195,237 $0 $0
Craig Ginman (Svp Accounting & Finance) $166,731 $0 $0
Dana Clark (Vp Balance & Products) $162,932 $0 $0
John Korber (Svp Technology And Information) $131,687 $0 $0
Vincent Angelillo (Director Of Fl Partnerships, Production) $104,398 $0 $0
Luis Ramos (Board Chairman) $7,170 $0 $0
Wallace Abramson (Board Treasurer) $7,170 $0 $0
Michael Petti (Board Vice Chairman) $6,578 $0 $0
Charles Sabia (Board Secretary) $5,838 $0 $0
Michael Godbout (Board Member) $2,923 $0 $0
Ronald Brousseau (Board Member) $2,251 $0 $0
Marybeth Bunko (Board Member) $1,552 $0 $0
+ View more people

Document Links

990
Filed on Nov. 18, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,061,614
Expenses
$25,299,709
Net Income
$3,761,905
Net Assets
$67,535,067
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,398,157
94.3%
Investment Income $948,360
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $715,097
2.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,413,670
29.3%
Assets/Debt
Total Assets $448,891,661
Total Liabilities $381,356,594
Net Assets $67,535,067
Compensation
Key Employees and Officers Compensation Related Other
John Holt (President/Ceo) $906,575 $0 $0
Robert Bruhn (Svp, Chief Financial Offic) $285,327 $0 $4,550
Al Festini (Svp, Chief Operations Offi) $245,885 $0 $5,258
Brian Scavone (Svp, Chief Strategy Office) $241,933 $0 $5,370
Lisa Asadourian (Svp, Chief Engagement Offi) $211,593 $0 $3,618
Luis Ramos (Board Chairman) $10,615 $0 $0
Michael Petti (Board Vice Chairman) $10,523 $0 $0
Charles Sabia (Board Secretary) $6,457 $0 $0
Wallace Abramson (Board Treasurer) $5,496 $0 $0
Michael Godbout (Board Member) $3,884 $0 $0
Ronald Brousseau (Board Member) $3,031 $0 $0
Marybeth Bunko (Board Member) $2,174 $0 $0
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Document Links

990
Filed on Nov. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,610,905
Expenses
$22,562,546
Net Income
$2,048,359
Net Assets
$62,829,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,173,821
94.2%
Investment Income $1,026,223
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $410,861
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $452,366,618
Total Liabilities $389,537,594
Net Assets $62,829,024
Compensation
Key Employees and Officers Compensation Related Other
John Holt (President/Ceo) $515,764 $0 $13,750
Robert Bruhn (Svp, Chief Financial Officer) $212,815 $0 $22,066
Al Festini (Svp, Chief Operations Officer) $183,614 $0 $23,139
Brian Scavone (Svp, Chief Strategy Officer) $182,500 $0 $25,492
Lisa Asadourian (Svp, Chief Engagement Officer) $161,791 $0 $19,480
Jeffrey Levesque (Evp) $115,000 $0 $3,368
Luis Ramos (Board Chairman) $9,351 $0 $0
Michael Petti (Board Vice Chairman) $8,890 $0 $0
Charles Sabia (Board Secretary) $6,329 $0 $0
Wallace Abramson (Board Treasurer) $5,291 $0 $0
Michael Godbout (Board Member) $3,083 $0 $0
Marybeth Bunko (Board Member) $2,041 $0 $0
Ronald Brousseau (Board Member) $2,026 $0 $0
+ View more people

Document Links

990
Filed on Aug. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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