LIGHT COMMERCE CREDIT UNION

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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

2004

Legal Domicile

Principal Officer

HARLENE B JOHNSON

Phone

2818767576

Tax Period

2024-01-01 to 2024-12-31

LIGHT COMMERCE CREDIT UNION, founded in 2004, is a small nonprofit that reported $314K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 37% operating margin.

Mission

PROVIDE HIGHEST LEVEL OF CUSTOMER SERVICE. EMPHASIS ON BEING RESPONSIVE TO MEMBER NEEDS. ENCOURAGE BETTER QUALITY OF LIFE FOR OUR MEMBERS PRODUCING A BETTER QUALITY CU THROUGH MEMBER EDUCATION AND COMPETITIVE PRODUCTS.

Program Service Accomplishments

Program 1

NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR.

Program 2

NO SIGNIFICANT ACCOMPLISHMENTS DURING CURRENT TAX YEAR.

Program 3

CORE CONVERSION AND DEBIT CARD FLIP IN YEAR 2017.

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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 $275,091

Investment Income $38,360

Other Revenue $801

TOTAL REVENUE $314,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,667

Fundraising Expenses $0

Other Expenses $143,844

TOTAL EXPENSES $197,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,252	$288,402	+0.1%
Expenses	$197,125	$172,756	+0.1%
Net Income	$117,127	$115,646	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR IRA VAN HILLIARD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR BRIDGET HILLIARD	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
MALACHI S JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
HARLENE B JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
IRISHEA HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0

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	$314,252	$197,125	$4,923,056	$117,127
2023	$288,402	$172,756	$4,849,410	$115,646
2022	$230,108	$158,129	$4,360,265	$71,979
2021	$59,389	$30,442	$4,269,308	$28,947
2020	$331,199	$121,077	$3,870,513	$210,122
2019	$323,976	$122,286	$2,784,916	$201,690
2018	$192,108	$215,753	$2,854,006	$-23,645