Niagara Frontier Federal Municipal Employees Credit Union (EIN 160570030) - 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

1931

Legal Domicile

Principal Officer

Michele Fritzke

Phone

7162842161

Tax Period

2024-01-01 to 2024-12-31

Niagara Frontier Federal Municipal Employees Credit Union, founded in 1931, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Expenses of $199K exceeded revenue, resulting in a 40% operating deficit.

Mission

To provide financial services similar to banks; to encourage savings and approve loans; to provide financial management in order to maintain earnings and or continued growth.

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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 $0

Investment Income $142,258

Other Revenue $0

TOTAL REVENUE $142,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,613

Fundraising Expenses $0

Program Expenses $199,347

Other Expenses $93,733

TOTAL EXPENSES $199,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,258	$145,575	0.0%
Expenses	$199,346	$215,010	-0.1%
Net Income	$-57,088	$-69,435	-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

Total Directors

Key Employees

$63,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michele Fritzke	Treasurer & Secretary	40	Key Emp Highest	$63,464	$0	$63,464
Francine Bax	Board Member	0	Director	$0	$0	$0
Bernadette Di'Martile	Board Member	0	Director	$0	$0	$0
Charles LaValley	Board Member	0	Director	$0	$0	$0
Anthony Mikesic	Board Member	0	Director	$0	$0	$0
Phillip Young	Chairperson	0	Director	$0	$0	$0
Corey Walter	Vice Chairperson	0	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	$142,258	$199,346	$2,255,176	$-57,088
2023	$145,575	$215,010	$2,644,988	$-69,435
2022	$109,072	$154,066	$3,126,387	$-44,994
2021	$118,239	$117,897	$3,154,717	$342
2020	$121,951	$120,945	$3,128,015	$1,006
2019	$119,101	$129,689	$2,803,012	$-10,588
2018	$109,965	$116,002	$2,682,309	$-6,037

Niagara Frontier Federal Municipal Employees Credit Union