DIRECTORS CHOICE CREDIT UNION (EIN 141822227) - 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

2000

Legal Domicile

Principal Officer

MICHAEL LANOTTE

Phone

5184562686

Tax Period

2023-01-01 to 2023-12-31

DIRECTORS CHOICE CREDIT UNION, founded in 2000, is a small nonprofit that reported $572K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $241K, a strong 42% operating margin.

Mission

THE ORGANIZATION WAS STARTED TO PROVIDE UNIQUE, QUALITY FINANCIAL SERVICES TO THE FUNERAL DIRECTING PROFESSION SERVICE INDUSTRY IN ITS FIELD OF MEMBERSHIP. DIRECTORS CHOICE CREDIT UNION SERVES AS AN ALTERNATIVE TO BANKS BY PROVIDING BASIC SAVINGS AND LOAN SERVICES WITH EMPHASIS ON HIGH QUALITY MEMBER SERVICE.

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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 $470,406

Investment Income $79,320

Other Revenue $22,186

TOTAL REVENUE $571,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $330,468

TOTAL EXPENSES $330,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,912	$423,757	+0.3%
Expenses	$330,468	$273,440	+0.2%
Net Income	$241,444	$150,317	+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

N/A

Volunteers

N/A

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
WAYNE BRASCO	BOARD MEMBER	0.50	Director	$0	$0	$0
EUGENE M GUARINO	CHAIR	0.50	Director	$0	$0	$0
FRANK KERBEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLES WATERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KELLY DEITZ	SEC/TREAS	0.50	Officer Director	$0	$0	$0
TODD KILMER	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID PARENTE	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL LANOTTE	PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$571,912	$330,468	$11,558,225	$241,444
2022	$423,757	$273,440	$11,872,621	$150,317
2021	$451,468	$302,901	$12,600,333	$148,567
2020	$459,166	$326,978	$12,301,899	$132,188
2019	$422,351	$282,793	$11,393,882	$139,558
2018	$352,133	$231,429	$9,942,910	$120,704

DIRECTORS CHOICE CREDIT UNION