3 HILL CREDIT UNION (EIN 231381955) - 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

1940

Legal Domicile

Principal Officer

BENJAMIN YOUNG

Phone

6102758440

Tax Period

2023-01-01 to 2023-12-31

3 HILL CREDIT UNION, founded in 1940, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE 3 HILL CREDIT UNION IS A MEMBER OWNED AND OPERATED ORGANIZATION. OUR MISSION IS TO PROMOTE THRIFT AND PROVIDE A FULL RANGE OF SERVICES TO ASSIST OUR MEMBERS IN MEETING THEIR FINANCIAL NEEDS. IN ACHIEVING THESE GOALS, WE WILL SEEK TO MAINTAIN THE CREDIT UNION'S LONG TERM FINANCIAL STABILITY WHILE CONTINUING OUR CREDIT UNION'S PHILOSOPHY OF "MEMBER HELPING MEMBER".

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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 $1,026,714

Investment Income $712,021

Other Revenue $23,805

TOTAL REVENUE $1,762,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $996,519

Fundraising Expenses $0

Other Expenses $1,038,627

TOTAL EXPENSES $2,035,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,762,540	$1,705,326	+0.0%
Expenses	$2,035,146	$1,764,058	+0.2%
Net Income	$-272,606	$-58,732	+3.6%

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

$161,298

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT LAU	CHAIRPERSON	4.00	Director	$0	$0	$0
ENNIO CIMINO	VICE CHAIRPERSON	4.00	Director	$0	$0	$0
THOMAS DEFUSCO	TREASURER	5.00	Director	$6,000	$0	$6,000
JOSEPH KANTANICK	SECRETARY	4.00	Director	$0	$0	$0
MARK MARINE	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN STUDEBAKER	DIRECTOR	2.00	Director	$0	$0	$0
GLENN WIMMER	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN YOUNG	PRESIDENT, CEO	40.00	Officer	$159,310	$1,988	$161,298

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	$1,762,540	$2,035,146	$51,844,623	$-272,606
2022	$1,705,326	$1,764,058	$56,587,437	$-58,732
2021	$1,479,248	$1,522,361	$62,312,584	$-43,113
2020	$1,571,244	$1,473,929	$59,594,992	$97,315
2019	$1,788,710	$1,539,038	$54,004,225	$249,672
2018	$1,762,343	$1,467,377	$55,239,687	$294,966

3 HILL CREDIT UNION