READING BERKS SCHOOL EMPLOYEES CREDIT UNION (EIN 231332297) - 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

1944

Legal Domicile

Principal Officer

Steven Harris

Phone

6109211003

Tax Period

2024-01-01 to 2024-12-31

READING BERKS SCHOOL EMPLOYEES CREDIT UNION, founded in 1944, is a small nonprofit that reported $447K in total revenue in fiscal year 2024. Net assets of $14.4M represent 387 months of operating reserves.

Mission

Provide low interest loans and pay competitive dividends on saving accounts to its members.

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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 $446,952

Other Revenue $0

TOTAL REVENUE $446,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,013

Fundraising Expenses $0

Program Expenses $0

Other Expenses $256,073

TOTAL EXPENSES $440,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,952	$446,952	N/A
Expenses	$440,086	$440,086	N/A
Net Income	$6,866	$6,866	N/A

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

1290

Independent Members

1290

Employees

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

$67,802

Total Directors

$161,636

Key Employees

$167,098

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN L HARRIS	PRESIDENT TREASURER	15	Director Key Emp Highest	$53,996	$0	$53,996
SHIRLEY J NUSS	VICE PRESIDENT	12	Officer Director Key Emp	$39,838	$0	$39,838
PATRICIA A SANDS	BOARD MEMBER	12	Director Key Emp	$39,838	$0	$39,838
MARILYN SEIDERS	SECRETARY	10	Officer Director Key Emp	$27,964	$0	$27,964
Gina Becker	Clerical	5	Key Emp	$5,462	$0	$5,462
Kim Didypung	clerical	8	Highest	$727	$0	$727
JOHN C BOYER	BOARD MEMBER	1	Director	$0	$0	$0
ELIZABETH GATTONE	BOARD MEMBER	1	Director	$0	$0	$0
JEFFREY GATTONE	BOARD MEMBERS	1	Director	$0	$0	$0
JOSEPH GODEK	BOARD MEMBER	1	Director	$0	$0	$0
SUSAN GODEK	BOARD MEMBER	1	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
2025	No data	No data	No data	No data
2024	$446,952	$440,086	$14,423,543	$6,866
2023	$441,421	$317,521	$16,194,531	$123,900
2022	$336,982	$357,192	$18,780,055	$-20,210
2021	$293,471	$354,439	$18,653,725	$-60,968
2020	$388,599	$423,373	$17,961,648	$-34,774
2019	$466,176	$544,634	$17,573,987	$-78,458
2018	$462,441	$414,187	$18,694,136	$48,254

READING BERKS SCHOOL EMPLOYEES CREDIT UNION