1368 CODE CREDIT UNION (EIN 311225765) - 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

1940

Legal Domicile

Principal Officer

SCOTT RUTHERFORD

Phone

9372228971

Tax Period

2024-01-01 to 2024-12-31

1368 CODE CREDIT UNION, founded in 1940, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $8.9M left a modest 9% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES TO MEMBER OWNERS WITH A COMMON BOND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,635,161

Investment Income $1,117,148

Other Revenue $0

TOTAL REVENUE $9,752,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,465,620

Fundraising Expenses $0

Other Expenses $6,417,512

TOTAL EXPENSES $8,883,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,752,309	$8,913,808	+0.1%
Expenses	$8,883,132	$7,407,654	+0.2%
Net Income	$869,177	$1,506,154	-0.4%

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

$728,071

Total Directors

$337,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID S RUTHERFORD	PRESIDENT/CEO/TREASURER	40.00	Officer Director	$267,989	$69,185	$337,174
A DOYLE BURKE	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID SEAGRAVES	BOARD VICE CHAIR	0.25	Director	$0	$0	$0
MICHAEL DE BORDE	BOARD SECRETARY	0.25	Officer Director	$0	$0	$0
J CHRIS KRUG	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN FINKE	DIRECTOR	0.25	Director	$0	$0	$0
ERIC HENDERSON	DIRECTOR	0.25	Director	$0	$0	$0
CRAIG M BALLANTINE	SVP OPERATIONS/IT	40.00	Officer	$158,884	$50,731	$209,615
MADISON Y MESSINGER	SVP FINANCE/ADMINISTRATION	40.00	Officer	$144,424	$36,858	$181,282

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	$9,752,309	$8,883,132	$163,375,004	$869,177
2023	$8,913,808	$7,407,654	$160,715,683	$1,506,154
2022	$7,461,336	$6,419,905	$163,817,752	$1,041,431
2021	$6,633,864	$5,585,939	$158,867,570	$1,047,925
2020	$6,599,673	$6,209,413	$149,412,821	$390,260
2019	$6,748,284	$6,277,113	$137,196,868	$471,171
2018	$6,446,545	$6,057,941	$129,853,219	$388,604

1368 CODE CREDIT UNION