Whitehall Credit Union

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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

1978

Legal Domicile

Phone

6144167588

Tax Period

2019-01-01 to 2019-12-31

Whitehall Credit Union, founded in 1978, is a small nonprofit that reported $521K in total revenue in fiscal year 2019. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $802K exceeded revenue, resulting in a 54% operating deficit.

Mission

As a member owned cooperative, we will be responsive to the financial needs of our members, we will offer fiscally sound, high quality, consumer related financial products and services in an honest and friendly manner, providing our members the opportunity to lead secure lifestyles.

Program Service Accomplishments

Program 1

Expenses: $405,219 Revenue: $518,140

The organization is a state chartered member owned cooperative credit union that provides financial services and products to the 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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $354,613

Investment Income $164,887

Other Revenue $1,696

TOTAL REVENUE $521,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,663

Fundraising Expenses $0

Program Expenses $405,219

Other Expenses $567,548

TOTAL EXPENSES $802,211

Year-over-Year Comparison

	2019	2018	Change
Revenue	$521,196	$699,901	-0.3%
Expenses	$802,211	$670,562	+0.2%
Net Income	$-281,015	$29,339	-10.6%

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

$116,589

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Eakin	Chairman of the Board	1	Director	$0	$0	$0
Don Lutz	Vice Chairman of Board	1	Director	$0	$0	$0
Gary Kubat	Treasurer of Board	1	Director	$0	$0	$0
Bryan Weisbarth	Secretary of Board	1	Director	$0	$0	$0
Jim Pace	Director	1	Director	$0	$0	$0
Tracy Sharpless	Director	1	Director	$0	$0	$0
Doris Coy	Director	1	Director	$0	$0	$0
Jeffrey Gardner	Chief Executive Officer	40	Key Emp Highest	$100,589	$16,000	$116,589

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
2019	$521,196	$802,211	No data	$-281,015
2018	$699,901	$670,562	$18,683,515	$29,339