MARINE CREDIT UNION FOUNDATION (EIN 261564606) - 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

2007

Legal Domicile

Principal Officer

QUINN DEVLIN

Phone

8006599693

Tax Period

2023-01-01 to 2023-12-31

MARINE CREDIT UNION FOUNDATION, founded in 2007, is a small nonprofit in the Education sector that reported $375K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $571K exceeded revenue, resulting in a 52% operating deficit.

Mission

THE MCU FOUNDATION WAS FOUNDED TO MAKE A POSITIVE DIFFERENCE IN THE COMMUNITIES SERVED BY MCU THROUGH CHARITABLE DONATIONS AND INITIATIVES THAT INCREASE FINANCIAL LITERACY.

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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 $404,584

Program Service Revenue $0

Investment Income $-45,996

Other Revenue $16,039

TOTAL REVENUE $374,627

Expense Breakdown

Grants Paid $206,371

Salaries & Benefits $234,224

Fundraising Expenses $31,850

Program Expenses $477,139

Other Expenses $129,917

TOTAL EXPENSES $570,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,627	$458,798	-0.2%
Expenses	$570,512	$427,480	+0.3%
Net Income	$-195,885	$31,318	-7.3%

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

N/A

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

$109,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN KING	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH VANDEBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN HALL	TREASURER	1.00	Officer Director	$0	$0	$0
SHY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
SAM KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JUAN JIMENEZ	DIRECTOR	1.00	Director	$0	$0	$0
TONYA WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
QUINN DEVLIN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$36,002	$109,107

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	No data	No data	No data	No data
2023	$374,627	$570,512	$1,347,086	$-195,885
2022	$458,798	$427,480	$1,357,362	$31,318
2021	$487,550	$478,053	$1,548,070	$9,497
2020	$557,730	$397,658	$1,344,679	$160,072
2019	$465,238	$328,035	$1,153,907	$137,203
2018	$415,689	$211,094	$911,199	$204,595

MARINE CREDIT UNION FOUNDATION