AMERICAN PRIDE CREDIT UNION (EIN 230340750) - 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

1932

Legal Domicile

Phone

8009256382

Tax Period

2023-01-01 to 2023-12-31

AMERICAN PRIDE CREDIT UNION, founded in 1932, is a small nonprofit that reported $882K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $283K, a strong 32% operating margin.

Mission

The credit union promotes thrift among its members and creates a source of credit at reasonable rates of interest while providing an opportunity for its members to use and control their money on a democratic basis in order to improve their economic and social conditions.

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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 $312,416

Investment Income $379,329

Other Revenue $190,148

TOTAL REVENUE $881,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,058

Fundraising Expenses $0

Other Expenses $382,089

TOTAL EXPENSES $599,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$881,893	$655,228	+0.3%
Expenses	$599,147	$569,340	+0.1%
Net Income	$282,746	$85,888	+2.3%

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

1897

Independent Members

1897

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

$163,690

Total Directors

$163,690

Key Employees

$158,890

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK F SPALLONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN A POTOPA	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT D LENDER	TREASURER	1.00	Officer Director	$1,380	$0	$2,760
JON C FRANK	SECRETARY	1.00	Officer Director	$1,020	$0	$2,040
DENISE M REEDER	DIRECTOR	1.00	Officer Director	$0	$0	$0
JONATHAN E MIFFLIN	DIRECTOR	1.00	Officer Director	$0	$0	$0
TED L GLUNT	MANAGER/CEO	40.00	Officer Director Key Emp	$73,622	$11,646	$158,890

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	$881,893	$599,147	$22,393,742	$282,746
2022	$655,228	$569,340	$22,591,283	$85,888
2021	$539,358	$516,449	$22,455,987	$22,909
2020	$616,786	$571,238	$20,634,581	$45,548
2019	$705,632	$593,836	$18,240,322	$111,796
2018	$663,433	$579,483	$17,872,226	$83,950

AMERICAN PRIDE CREDIT UNION