NEW HORIZONS CREDIT UNION INC (EIN 316030845) - 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

1934

Principal Officer

TERRI VAN ANTWERP

Phone

5135626610

Tax Period

2020-01-01 to 2020-12-31

NEW HORIZONS CREDIT UNION INC, founded in 1934, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

OUR MISSION IT TO TAILOR OUR PRODUCTS AND SERVICES TO THE INDIVIDUAL NEEDS OF OUR MEMBERS BY PROVIDING THE BEST MEMBER SERVICE AND GUIDANCE ON FINANCIAL PLANNING FOR OUR MEMBER'S FINANCIAL SUCCESS. WE STRIVE TO BE THE FIRST PLACE OUR MEMBERS TURN IF THEY HAVE A FINANCIAL QUESTION OR NEED. WE STAND OUT IN THE FINANCIAL INDUSTRY, BY ALWAYS FOLLOWING ONE SIMPLE PRINCIPLE, "HOW CAN WE HELP YOU ACHIEVE YOUR FINANCIAL SUCCESS?"

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,141,088

Investment Income $54,751

Other Revenue $0

TOTAL REVENUE $2,195,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $727,231

Fundraising Expenses $0

Other Expenses $1,724,669

TOTAL EXPENSES $2,451,900

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,195,839	$2,761,299	-0.2%
Expenses	$2,451,900	$3,203,156	-0.2%
Net Income	$-256,061	$-441,857	-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

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

$95,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI VAN ANTWERP	PRESIDENT	40.00	Officer	$90,000	$5,027	$95,027
RICHARD FIDDES	VICE CHAIRPE	1.00	Director	$0	$0	$0
KEVIN HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RICHARD	SECRETARY	1.00	Director	$0	$0	$0
POLINA RUUGE	CHAIRPERSON	1.00	Director	$0	$0	$0
STEPHEN VON WAHLDE	DIRECTOR	1.00	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
2020	$2,195,839	$2,451,900	$41,257,610	$-256,061
2019	$2,761,299	$3,203,156	$41,328,874	$-441,857
2018	$2,870,562	$2,937,346	$42,888,107	$-66,784

NEW HORIZONS CREDIT UNION INC