SACO VALLEY CREDIT UNION (EIN 010203515) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

KEVIN PARTRIDGE

Phone

2072826169

Tax Period

2024-01-01 to 2024-12-31

SACO VALLEY CREDIT UNION, founded in 1947, is a community nonprofit that reported $9.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $8.4M left a modest 13% surplus.

Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,268,177

Investment Income $1,138,808

Other Revenue $1,246,451

TOTAL REVENUE $9,653,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,748,637

Fundraising Expenses $0

Other Expenses $2,476,788

TOTAL EXPENSES $8,355,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,653,436	$8,151,514	+0.2%
Expenses	$8,355,899	$6,609,217	+0.3%
Net Income	$1,297,537	$1,542,297	-0.2%

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

$477,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY NELSON	BOARD CHAIRPERSON	6.00	Officer Director	$0	$0	$0
PAUL GOSSELIN	TREASURER	5.00	Officer Director	$0	$0	$0
ED POLITO	SECRETARY	4.00	Officer Director	$0	$0	$0
AARON CASE	DIRECTOR	4.00	Director	$0	$0	$0
ROBERT DENTON	DIRECTOR	5.00	Director	$0	$0	$0
ROBERTA MANNING	DIRECTOR	5.00	Director	$0	$0	$0
ROYAL SMITH	DIRECTOR	4.00	Director	$0	$0	$0
KEVIN PARTRIDGE	PRESIDENT/CEO	50.00	Officer	$260,994	$51,821	$312,815
BENJAMIN GOSSELIN	CHIEF FINANCIAL OFFICER	45.00	Officer	$136,334	$28,397	$164,731
SEAN READY	CHIEF LENDING OFFICER	45.00	Highest	$123,142	$13,673	$136,815
AMY IRISH	VP OF MARKETING AND DIGITAL SERVICES	45.00	Highest	$110,666	$13,553	$124,219

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
2024	$9,653,436	$8,355,899	$182,747,094	$1,297,537
2023	$8,151,514	$6,609,217	$171,420,491	$1,542,297
2022	$6,289,921	$5,312,831	$167,112,274	$977,090
2021	$5,439,528	$4,904,816	$163,723,218	$534,712
2020	$4,992,918	$4,886,350	$144,340,540	$106,568
2019	$5,720,779	$4,686,405	$128,364,010	$1,034,374
2018	$5,273,568	$4,292,149	$118,059,718	$981,419

SACO VALLEY CREDIT UNION