993 FREEDOM FIRST CREDIT UNION INC (EIN 310645425) - 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

1961

Legal Domicile

Principal Officer

Chad Rother

Phone

9372232828

Tax Period

2022-01-01 to 2022-12-31

993 FREEDOM FIRST CREDIT UNION INC, founded in 1961, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 11% surplus.

Mission

Freedom 1st Credit Union, Inc. as a member owned and directed financial institution is dedicated to serving the present and future needs of our members, through cost effective financial services consistent with co-operative principles, applicable legislation and sound management.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,906,695

Investment Income $325,031

Other Revenue $19,713

TOTAL REVENUE $2,251,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $830,221

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,176,552

TOTAL EXPENSES $2,006,773

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,251,439	$2,000,560	+0.1%
Expenses	$2,006,773	$1,780,335	+0.1%
Net Income	$244,666	$220,225	+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
Deborah DeVous	CEO	40.0	Highest	$105,132	$0	$105,132
Shari L Fowler	Director	0.75	Officer Director	$0	$0	$0
Charlene Nuse	Board Secretary	0.75	Officer Director	$0	$0	$0
Jennie Kaltenback	Board Treasurer	0.75	Officer Director	$0	$0	$0
Chelsea M Hoelzle	Board Vice Chairperson	0.75	Officer Director	$0	$0	$0
Chad Rother	Board Chairperson	0.75	Officer 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
2022	$2,251,439	$2,006,773	$55,919,313	$244,666
2021	$2,000,560	$1,780,335	$55,045,256	$220,225
2020	$2,027,220	$1,794,662	$50,405,240	$232,558
2019	$2,141,969	$1,740,942	$37,331,087	$401,027
2018	$1,902,986	$1,600,897	$36,383,322	$302,089

993 FREEDOM FIRST CREDIT UNION INC