Cape Regional Credit Union (EIN 237099978) - 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

1970

Legal Domicile

Principal Officer

Kenneth Ruth

Phone

5733347686

Tax Period

2024-01-01 to 2024-12-31

Cape Regional Credit Union, founded in 1970, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $921K left a modest 11% surplus.

Mission

Our mission is to serve the members (owners) by providing a variety of financial services at competitive rates, while assuring the financial stability and future growth of the Credit Union.

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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 $1,036,739

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,036,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $430,148

Fundraising Expenses $0

Program Expenses $921,443

Other Expenses $491,295

TOTAL EXPENSES $921,443

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,036,739	$952,418	+0.1%
Expenses	$921,443	$871,804	+0.1%
Net Income	$115,296	$80,614	+0.4%

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

$84,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Cauble	President	40	Officer	$84,661	$0	$84,661
John Creutz	Chairman	1	Director	$0	$0	$0
Melissa Spencer	Secretary	1	Director	$0	$0	$0
Ken Ruth	Treasurer	2	Director	$0	$0	$0
Ken Cook	Director	1	Director	$0	$0	$0
Steve Slaten	Director	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
2024	$1,036,739	$921,443	$17,954,649	$115,296
2023	$952,418	$871,804	$17,242,383	$80,614
2022	$789,220	$724,859	$17,118,597	$64,361
2021	$688,064	$687,953	$17,031,004	$111
2020	$667,652	$709,436	$18,038,381	$-41,784

Cape Regional Credit Union