GLATCO CREDIT UNION (EIN 232047398) - 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

1977

Legal Domicile

Principal Officer

BROOKE BORTNER-FETROW

Phone

7172254548

Tax Period

2024-01-01 to 2024-12-31

GLATCO CREDIT UNION, founded in 1977, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $670K, a strong 32% operating margin.

Mission

THE MISSION OF GLATCO CREDIT UNION IS TO PROVIDE SERVICE EXCELLENCE AND TO MEET THE FINANCIAL NEEDS OF MEMBERS BY FURNISHING THE WIDEST ARRAY POSSIBLE OF HIGH QUALITY, LOW COST, FINANCIAL PRODUCTS, SERVICES AND INFORMATION. CONSERVATIVE FINANCIAL MANAGEMENT PRACTICES AND FINANCIAL STRENGTH WILL BE THE CORE FROM WHICH THE CREDIT UNION GROWS AND EXECUTES ITS MISSION. THE FOUNDATION OF THE MISSION IS FIRMLY ESTABLISHED IN THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE- AND IT IS THE OBJECTIVE OF EVERY MEMBER OF THE BOARD OF DIRECTORS, ALL COMMITTEES, MANAGEMENT AND STAFF.

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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 $733,491

Investment Income $1,252,795

Other Revenue $92,462

TOTAL REVENUE $2,078,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,342

Fundraising Expenses $0

Other Expenses $1,001,928

TOTAL EXPENSES $1,408,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,078,748	$1,620,040	+0.3%
Expenses	$1,408,270	$1,081,889	+0.3%
Net Income	$670,478	$538,151	+0.2%

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

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

$101,272

Total Directors

$101,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROOKE BORTNER-FETROW	CEO/TREASURE	40.00	Officer Director	$82,192	$19,080	$101,272
CHERYL BRENNEMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID BRICKER	DIRECTOR	2.00	Director	$0	$0	$0
MARK CZAPP	DIRECTOR	2.00	Director	$0	$0	$0
JESSE FUHRMAN	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN MILLER	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE MUMMERT	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
REBECCA REAM-WEIGLE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
STEVE WIBLE	DIRECTOR	2.00	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
2024	$2,078,748	$1,408,270	$50,309,856	$670,478
2023	$1,620,040	$1,081,889	$50,271,339	$538,151
2022	$1,133,746	$943,979	$53,420,235	$189,767
2021	$1,034,538	$953,674	$51,875,011	$80,864
2020	$1,146,223	$1,172,091	$47,567,183	$-25,868
2019	$1,282,850	$1,002,197	$42,644,405	$280,653
2018	$1,197,145	$1,027,110	$41,074,905	$170,035

GLATCO CREDIT UNION