PRIME CARE CREDIT UNION (EIN 237204161) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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 $927K in total revenue in fiscal year 2018. Expenses of $813K left a modest 12% surplus.

Mission

THE CREDIT UNION PROVIDED AFFORDABLE LOANS TO 408 MEMBERS DURING THE YEAR. 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 INCLUDES MANY INDIVIDUALS GENERALLY NOT RECRUITED FOR SERVICES AT LARGER FINANCIAL INSTITUTIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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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

PRIME CARE CREDIT UNION