PRODUCERS CREDIT CORPORATION (EIN 314440318) - 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

1932

Legal Domicile

Principal Officer

BRADLEY WARNER

Phone

6144332150

Tax Period

2023-01-01 to 2023-12-31

PRODUCERS CREDIT CORPORATION, founded in 1932, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. The organization ran a surplus of $1.5M, a strong 47% operating margin.

Mission

EXEMPT ORGANIZATION TO FINANCE THE LIVESTOCK OPERATIONS OF MEMBERS OF AN EXEMPT SECTION 521 AGRICULTURAL COOPERATIVE.

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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 $3,203,179

Investment Income $69,106

Other Revenue $0

TOTAL REVENUE $3,272,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,117,126

Fundraising Expenses $0

Other Expenses $625,327

TOTAL EXPENSES $1,742,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,272,285	$3,196,750	+0.0%
Expenses	$1,742,453	$1,614,468	+0.1%
Net Income	$1,529,832	$1,582,282	0.0%

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

N/A

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

$916,690

Total Directors

$29,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM RUGGLES	DIRECTOR	1.00	Director	$0	$0	$7,500
FRED BERGE	DIRECTOR	1.00	Director	$0	$0	$4,500
DENNIS CORCORAN	DIRECTOR	1.00	Director	$0	$0	$7,250
GROVER CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$10,250
PHILIP TORRENS	DIRECTOR (PART-YEAR)	1.00	Director	$0	$0	$0
MICHAEL BUMGARNER	PRESIDENT & CEO	6.00	Officer	$0	$26,908	$446,227
ROBERT SIEGEL	VP CREDIT SERVICES	40.00	Officer	$218,941	$20,447	$239,388
BRAD WARNER	VP FINANCE & ACCTG	3.00	Officer	$0	$25,842	$231,075
JOHN KING	EMPLOYEE	40.00	Highest	$121,581	$5,095	$126,676
BRIAN FRACKER	EMPLOYEE	40.00	Highest	$129,083	$26,982	$156,065

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	$3,272,285	$1,742,453	$17,702,488	$1,529,832
2022	$3,196,750	$1,614,468	$16,175,239	$1,582,282
2021	$3,463,725	$1,550,366	$13,618,291	$1,913,359
2020	$2,695,630	$1,510,197	$11,360,152	$1,185,433
2019	$2,673,397	$1,578,021	$10,204,919	$1,095,376
2018	$2,157,549	$1,410,705	$9,274,081	$746,844

PRODUCERS CREDIT CORPORATION