ALTURA CREDIT UNION FOUNDATION

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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

1994

Legal Domicile

Principal Officer

KATHY THAYER

Phone

8888838228

Tax Period

2023-01-01 to 2023-12-31

ALTURA CREDIT UNION FOUNDATION, founded in 1994, is a small nonprofit in the Education sector that reported $296K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 52% operating margin.

Mission

TO ASSIST HIGH SCHOOL SENIORS IN REACHING THEIR HIGHER EDUCATION GOALS.

Program Service Accomplishments

Program 1

Expenses: $119,647

THE ALTURA FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS LOOKING TO ENTER THEIR FIRST YEAR OF COLLEGE IN RIVERSIDE COUNTY AND THROUGHOUT THE UNITED STATES. THE QUEST FOR HIGHER...

THE ALTURA FOUNDATION AWARDS ANNUAL SCHOLARSHIPS TO HIGH SCHOOL SENIORS LOOKING TO ENTER THEIR FIRST YEAR OF COLLEGE IN RIVERSIDE COUNTY AND THROUGHOUT THE UNITED STATES. THE QUEST FOR HIGHER EDUCATION IS ONE OF LIFE'S GREATEST JOURNEYS, AND ALL GREAT JOURNEYS TAKE TIME. WE ARE COMMITTED TO EMPOWERING THE DREAMS OF ALL OUR MEMBERS.IN ADDITION TO GENERAL SCHOLARSHIPS, THE ALTURA FOUNDATION OFFERS MEMORIAL SCHOLARSHIPS ESTABLISHED IN LEGACY OF FOUR VERY SPECIAL COMMUNITY MEMBERS. OUR CEO ALSO PERSONALLY FUNDS ALTURA'S FUTURE LEADER SCHOLARSHIP, DESIGNED FOR A HIGH SCHOOL SENIOR WHO EMBODIES LEADERSHIP CHARACTERISTICS.

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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 $173,800

Program Service Revenue $0

Investment Income $122,286

Other Revenue $0

TOTAL REVENUE $296,086

Expense Breakdown

Grants Paid $95,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,647

Other Expenses $46,265

TOTAL EXPENSES $141,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,086	$179,373	+0.7%
Expenses	$141,265	$94,571	+0.5%
Net Income	$154,821	$84,802	+0.8%

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

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

$996,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HAWKINS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BARBARA PURVIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK BALYS	DIRECTOR	1.00	Director	$0	$0	$0
ALAN STRZEMIECZNY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH DOWNS	DIRECTOR	1.00	Director	$0	$0	$0
NINFA DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BINKLEY	CEO	1.00	Director	$0	$40,924	$996,061

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	$296,086	$141,265	$6,048,225	$154,821
2022	$179,373	$94,571	$5,265,009	$84,802
2021	$628,123	$115,903	$5,727,011	$512,220
2020	$347,179	$197,822	$4,887,020	$149,357
2019	$330,551	$120,612	$4,374,347	$209,939
2018	$1,319,683	$117,423	$3,689,981	$1,202,260