HealthCare First Credit Union (EIN 251359287) - 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

1979

Legal Domicile

Principal Officer

Meghan Sinclair

Phone

8145352606

Tax Period

2024-01-01 to 2024-12-31

HealthCare First Credit Union, founded in 1979, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $767K, a strong 20% operating margin.

Mission

as a credit union we hold member deposits (savings) and then loan money back to the members

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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 $1,643,853

Investment Income $1,175,430

Other Revenue $1,053,921

TOTAL REVENUE $3,873,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,194,564

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,911,176

TOTAL EXPENSES $3,105,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,873,204	$3,484,196	+0.1%
Expenses	$3,105,740	$2,769,341	+0.1%
Net Income	$767,464	$714,855	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Kaiser	Director	1	Director	$0	$0	$0
John Kaiser	Director	1	Director	$0	$0	$0
P Kevin Hockenberry	Director	1	Director	$0	$0	$0
Martin Burket	Chairperson	1	Director	$0	$0	$0
Ken Zimmerman	Director	1	Director	$0	$0	$0
Brenda Martynuska	Director	1	Director	$0	$0	$0
Justin Socie	Director	1	Director	$0	$0	$0
Meghan Sinclair	CEO/President	45	Key Emp	$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
2025	No data	No data	No data	No data
2024	$3,873,204	$3,105,740	$98,382,744	$767,464
2023	$3,484,196	$2,769,341	$95,617,569	$714,855
2022	$2,861,931	$2,031,998	$103,270,442	$829,933
2021	$2,808,565	$2,502,923	$100,902,460	$305,642
2020	$2,781,339	$2,590,585	$95,004,398	$190,754
2019	$3,203,593	$2,844,782	$84,911,114	$358,811
2018	$3,304,714	$2,853,980	$84,879,527	$450,734

HealthCare First Credit Union