SHAREFAX CREDIT UNION INC (EIN 310627742) - 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

1960

Legal Domicile

Principal Officer

TODD CAIN

Phone

5137532440

Tax Period

2023-01-01 to 2023-12-31

SHAREFAX CREDIT UNION INC, founded in 1960, is a mid-sized nonprofit that reported $22.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $20.9M left a modest 6% surplus.

Mission

WE ARE A MEMBER-OWNED, NOT-FOR-PROFIT FINANCIAL INSTITUTION. OUR MISSION: WE ARE A COOPERATIVE FORMED FOR THE SOLE PURPOSE OF IMPROVING THE FINANCIAL WELL BEING OF OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,083,575

Investment Income $2,125,761

Other Revenue $4,992,881

TOTAL REVENUE $22,202,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,452,463

Fundraising Expenses $0

Other Expenses $14,451,014

TOTAL EXPENSES $20,903,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,202,217	$18,157,504	+0.2%
Expenses	$20,903,477	$16,363,570	+0.3%
Net Income	$1,298,740	$1,793,934	-0.3%

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

104

Volunteers

N/A

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

$284,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MESSER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MURPHY	VICE-CHAIRPERSON	1.00	Director	$0	$0	$0
C DAVID TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN S OCHS	TREASURER	1.00	Director	$0	$0	$0
TYRONE UGARTE	DIRECTOR	1.00	Director	$0	$0	$0
MARK FOX	SECRETARY	1.00	Director	$0	$0	$0
DAVID AARONSON	CHAIRPERSON	1.00	Director	$0	$0	$0
CHARLES HERTLEIN JR	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TODD CAIN	PRESIDENT/CEO	40.00	Officer	$277,018	$7,805	$284,823
CARL FITE	VP INFORMATION SYSTEM	40.00	Highest	$147,901	$7,354	$155,255
MARGARET MOFFITT	VP OPERATIONS	40.00	Highest	$145,245	$12,533	$157,778
CARRIE COX	CFO (FORMER)	40.00		$153,471	$10,065	$163,536

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	$22,202,217	$20,903,477	$504,681,218	$1,298,740
2022	$18,157,504	$16,363,570	$514,929,234	$1,793,934
2021	$17,127,744	$14,582,593	$476,733,976	$2,545,151
2020	$16,755,561	$14,250,112	$430,891,781	$2,505,449
2020	$16,755,561	$14,250,112	$430,891,781	$2,505,449
2019	$18,312,623	$16,029,243	$397,226,742	$2,283,380
2018	$17,097,262	$14,491,642	$382,579,997	$2,605,620

SHAREFAX CREDIT UNION INC