ONE CREDIT UNION (EIN 036008252) - 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

1952

Legal Domicile

Principal Officer

BRETT SMITT

Phone

8028864228

Tax Period

2023-01-01 to 2023-12-31

ONE CREDIT UNION, founded in 1952, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $13.4M left a modest 5% surplus.

Mission

PROVIDING FINANCIAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,227,707

Investment Income $887,773

Other Revenue $16,215

TOTAL REVENUE $14,131,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,092,869

Fundraising Expenses $0

Program Expenses $13,373,646

Other Expenses $6,621,942

TOTAL EXPENSES $13,373,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,131,695	$11,338,999	+0.2%
Expenses	$13,373,646	$9,466,832	+0.4%
Net Income	$758,049	$1,872,167	-0.6%

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

$625,074

Total Directors

Key Employees

$135,008

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT A SMITH	CEO	45	Officer	$287,021	$0	$287,021
DAVID MACLEAN	CFO	45	Officer	$174,486	$0	$174,486
NATHAN D COBB	COO	45	Officer	$163,567	$0	$163,567
RANDY BUTLER	SVP OF RETAIL	45	Key Emp	$135,008	$0	$135,008
JEFF TAFT	CHAIRMAN/BOARD OF DIRECTORS	3	Director	$0	$0	$0
JACK MITCHELL	VICE CHAIR/DIRECTOR	3	Director	$0	$0	$0
ROBERT REARDON	TREASURER/DIRECTOR	3	Director	$0	$0	$0
BENJAMIN DRUGG	SECREATRY/DIRECTOR	3	Officer	$0	$0	$0
JOHN PADGETT	DIRECTOR	3	Officer	$0	$0	$0
TIMOTHY ANDERSON	DIRECTOR	3	Officer	$0	$0	$0
MEGHAN HANSON	DIRECTOR	3	Officer	$0	$0	$0
DENISE MYERS	DIRECTOR	3	Officer	$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	No data	No data	No data	No data
2023	$14,131,695	$13,373,646	$245,207,861	$758,049
2022	$11,338,999	$9,466,832	$245,966,696	$1,872,167
2021	$9,424,805	$8,824,768	$231,054,967	$600,037
2020	$9,334,014	$8,820,127	$209,809,896	$513,887
2019	$9,478,599	$8,862,435	$174,974,821	$616,164
2018	$10,116,717	$9,243,254	$170,480,780	$873,463

ONE CREDIT UNION