GOLD CREDIT UNION (EIN 230937747) - 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

1937

Legal Domicile

Principal Officer

TRACEY WELSH

Phone

4842234200

Tax Period

2024-01-01 to 2024-04-01

GOLD CREDIT UNION, founded in 1937, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 110% operating deficit.

Mission

GOLD'S MISSION IS TO EMPOWER OUR MEMBERS TO ACHIEVE PERSONAL FINANCIAL SUCCESS, AS THEY DEFINE IT. WE LISTEN INTENTLY, ADVISE EARNESTLY, AND ACT PURPOSEFULLY, ALWAYS WITH OUR MEMBER'S BEST INTERESTS AT HEART. WE DEDICATE OURSELVES TO SERVICE OF THE INDIVIDUAL MEMBER, OF OUR TRUSTED TEAM, AND TO THE COMMUNITY AROUND US.

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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 $1,425,787

Investment Income $187,297

Other Revenue $0

TOTAL REVENUE $1,613,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,102,951

Fundraising Expenses $0

Other Expenses $1,282,980

TOTAL EXPENSES $3,385,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,613,084	$7,489,448	-0.8%
Expenses	$3,385,931	$9,038,148	-0.6%
Net Income	$-1,772,847	$-1,548,700	+0.1%

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

$923,179

Total Directors

$1,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRIE FORBES	BOARD TREASURER	1.00	Director	$1,605	$0	$1,605
DANIEL J MOFFITT	BOARD SECRETARY	2.00	Director	$60	$0	$60
MARCI HAYDT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J CAMPBELL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARJORIE J SOLOMON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KHUE TRAN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRENT SCHICK	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ERIN HENRY	BOARD CHAIR	1.00	Director	$60	$0	$60
MELISSA MICHAEL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHERYL BARTHOLOMEW	PRESIDENT & CEO	55.00	Officer	$751,405	$43,775	$795,180
DONNA L FOGEL	CFO	55.00	Officer	$62,659	$9,607	$72,266
JENNIFER GORA	CCO	50.00	Officer	$41,928	$13,805	$55,733

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	$1,613,084	$3,385,931	No data	$-1,772,847
2023	$7,489,448	$9,038,148	$142,657,018	$-1,548,700
2022	$6,259,974	$7,445,587	$155,869,853	$-1,185,613
2021	$5,388,843	$6,465,673	$159,911,772	$-1,076,830
2020	$5,286,754	$6,531,240	$145,881,306	$-1,244,486
2019	$5,315,020	$6,279,894	$137,708,185	$-964,874
2018	$4,238,474	$4,724,215	$131,475,954	$-485,741

GOLD CREDIT UNION