HTM AREA CREDIT UNION INC (EIN 310616841) - 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

1950

Legal Domicile

Principal Officer

STACEY DEITERING

Phone

9373358591

Tax Period

2023-01-01 to 2023-01-31

HTM AREA CREDIT UNION INC, founded in 1950, is a small nonprofit that reported $114K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 110% operating deficit.

Mission

HTM AREA CREDIT UNION, INC. IS A FINANCIAL INSTITUTION COOPERATIVE ORGANIZED TO PROVIDE LOAN AND DEPOSIT PRODUCTS AND SERVICES FOR ITS MEMBER OWNERS.

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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 $71,973

Investment Income $42,514

Other Revenue $0

TOTAL REVENUE $114,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,074

Fundraising Expenses $0

Other Expenses $217,234

TOTAL EXPENSES $240,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,487	$1,261,314	-0.9%
Expenses	$240,308	$1,421,829	-0.8%
Net Income	$-125,821	$-160,515	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY KERCE	VICE CHAIRMA	1.00	Director	$0	$0	$0
RONALD MAY	CHAIRPERSON	1.00	Director	$0	$0	$0
JAMES UTRECHT	BOARD MEMBER	1.00	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
2023	$114,487	$240,308	No data	$-125,821
2022	$1,261,314	$1,421,829	$30,103,477	$-160,515
2021	$1,615,851	$2,056,831	$35,578,902	$-440,980
2020	$1,386,250	$946,491	$37,601,873	$439,759
2019	$1,684,773	$1,224,773	$28,553,822	$460,000
2018	$1,609,356	$1,139,356	$27,734,466	$470,000

HTM AREA CREDIT UNION INC