LANCASTER RED ROSE CREDIT UNION (EIN 231343877) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

KARA E VINCENT

Phone

7172956685

Tax Period

2023-01-01 to 2023-12-31

LANCASTER RED ROSE CREDIT UNION, founded in 1948, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 41% operating margin.

Mission

ORGANIZED AND OPERATED TO PROMOTE THRIFT AMONG ITS MEMBERS AND A SOURCE OF LOW COST CREDIT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,176,008

Investment Income $1,485,210

Other Revenue $0

TOTAL REVENUE $2,661,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,389

Fundraising Expenses $0

Other Expenses $1,119,595

TOTAL EXPENSES $1,569,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,661,218	$1,715,820	+0.6%
Expenses	$1,569,984	$1,884,788	-0.2%
Net Income	$1,091,234	$-168,968	-7.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$131,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C MICHAEL WETZEL	CHAIRMAN	1.00	Director	$0	$0	$0
JAMES T O'BRIEN	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
ERNEST DOERSCHUK III	SECRETARY & TRESURER	1.00	Director	$0	$0	$0
LOIS M MURSE	DIRECTOR	1.00	Director	$0	$0	$0
KARA E VINCENT	CEO	45.00	Officer	$104,810	$26,535	$131,345

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	$2,661,218	$1,569,984	$55,116,274	$1,091,234
2022	$1,715,820	$1,884,788	$59,764,850	$-168,968
2021	$1,412,692	$1,761,716	$62,862,077	$-349,024
2020	$1,969,722	$2,182,557	$60,507,381	$-212,835
2019	$2,345,784	$2,489,398	$54,241,397	$-143,614
2018	$2,437,581	$3,060,110	$57,315,497	$-622,529

LANCASTER RED ROSE CREDIT UNION