PRIME CARE CREDIT UNION

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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

Phone

7573882696

Tax Period

2023-01-01 to 2023-03-31

PRIME CARE CREDIT UNION, founded in 1970, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $211K left a modest 12% surplus.

Mission

TO PROVIDE AFFORDABLE FINANCIAL SERVICES TO ITS MEMBERS, INLCUDING LOAN RELATIONSHIPS, DEPOSITORY SERVICES, CREDIT CARDS AND INTERNET BANKING AT CONVENIENT LOCATIONS BY PROFESSIONALS WHO PROVIDE EXCELLENT SERVICE.

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDED LOANS TO 30 MEMBERS DURING THE PERIOD JANUARY 1 - MARCH 31, 2023. MANY OF THESE INDIVIDUALS WOULD NOT HAVE BEEN ABLE TO OBTAIN SUCH LOANS FROM OTHER FINANCIAL INSTITUTIONS. IN ADDITION, THE CREDIT UNION PROVIDED MEMBERS WITH DEPOSITORY AND OTHER SERVICES. THE CREDIT UNION MEMBERSHIP CONSISTS PRIMARILY OF MEDICAL EMPLOYEES AND AFFILIATES, AND THEIR FAMILIES.

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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 $140,610

Investment Income $98,625

Other Revenue $0

TOTAL REVENUE $239,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,513

Fundraising Expenses $0

Other Expenses $111,545

TOTAL EXPENSES $211,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,235	$814,955	-0.7%
Expenses	$211,058	$812,151	-0.7%
Net Income	$28,177	$2,804	+9.0%

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

$24,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY LAMBERT	Treasurer	40.00	Officer	$24,302	$0	$24,302
TRISHA ARNEL	Director	2.00	Director	$0	$0	$0
JIM MACCORD	Chairman	2.00	Officer	$0	$0	$0
RAYMOND ANDERSON	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
LARRY SMITH	Secretary	2.00	Officer	$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
2023	$239,235	$211,058	No data	$28,177
2022	$814,955	$812,151	$24,552,694	$2,804
2021	$757,254	$748,584	$24,917,727	$8,670
2020	$819,712	$788,691	$23,672,366	$31,021
2019	$1,001,319	$844,654	$19,161,712	$156,665
2018	$926,784	$813,027	$19,784,606	$113,757