EDUCATION FIRST CREDIT UNION INC (EIN 314379753) - 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

1936

Legal Domicile

Principal Officer

MICHAEL WETTRICH

Phone

6142219376

Tax Period

2024-01-01 to 2024-12-31

EDUCATION FIRST CREDIT UNION INC, founded in 1936, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.7M left a modest 4% surplus.

Mission

PROVIDE LOW COST LOANS TO SELECT MEMBERSHIP GROUPS, AS WELL AS PROVIDE SAVINGS OPTIONS, FINANCIAL LITERACY AND OTHER FINANCIAL SERVICES AND PRODUCTS WITH A SERVICE BASED EMPHASIS THAT RECOGNIZES MEMBERS AS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,730,283

Investment Income $1,335,134

Other Revenue $0

TOTAL REVENUE $10,065,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,373,576

Fundraising Expenses $0

Other Expenses $4,487,253

TOTAL EXPENSES $9,691,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,065,417	$9,028,852	+0.1%
Expenses	$9,691,550	$8,841,417	+0.1%
Net Income	$373,867	$187,435	+1.0%

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

$632,223

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WETTRICH	PRESIDENT/CE	40.00	Officer	$238,007	$40,826	$278,833
JARED ELSASS	CFO	40.00	Officer	$167,217	$15,122	$182,339
JASON THOMAS	COO	40.00	Officer	$158,691	$12,360	$171,051
JO ANNETTE BYAS-MARSTON	DIRECTOR	2.00	Director	$0	$0	$0
JULIE DIDLICK	CHAIRPERSON	2.00	Director	$0	$0	$0
DAVID DOBOS	DIRECTOR	2.00	Director	$0	$0	$0
HENRY BLAND III	DIRECTOR	2.00	Director	$0	$0	$0
EZETTA MURRAY	SECRETARY	2.00	Director	$0	$0	$0
BARBARA OVERHOLSER	DIRECTOR	2.00	Director	$0	$0	$0
IRMA TURNER	TREASURER	2.00	Director	$0	$0	$0
JEFFERY WOODSON	VICE CHAIRPE	2.00	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
2024	$10,065,417	$9,691,550	$144,633,777	$373,867
2023	$9,028,852	$8,841,417	$136,928,093	$187,435
2022	$7,953,641	$7,426,406	$146,057,594	$527,235
2021	$7,698,435	$7,062,616	$140,644,680	$635,819
2020	$8,214,189	$7,348,998	$132,948,726	$865,191
2019	$8,701,033	$7,487,781	$112,373,367	$1,213,252
2018	$7,759,493	$7,282,976	$109,171,552	$476,517

EDUCATION FIRST CREDIT UNION INC