NORTH COAST CREDIT UNION (EIN 340894391) - 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

1958

Legal Domicile

Principal Officer

BRYAN BOYKO

Phone

4407340400

Tax Period

2024-01-01 to 2024-12-31

NORTH COAST CREDIT UNION, founded in 1958, is a small nonprofit that reported $929K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $837K left a modest 10% surplus.

Mission

IT IS THE MISSION OF NORTH COAST CREDIT UNION TO EXCEED EXPECTATIONS WITH SUPERIOR SERVICE AND PRODUCTS THAT WILL PROMOTE MEMBERS' FINANCIAL SUCCESS, WHILE OPERATING IN A FINANCIALLY SOUND, ETHICAL MANNER.

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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 $583,686

Investment Income $345,233

Other Revenue $0

TOTAL REVENUE $928,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,320

Fundraising Expenses $0

Other Expenses $447,527

TOTAL EXPENSES $836,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$928,919	$855,312	+0.1%
Expenses	$836,935	$768,425	+0.1%
Net Income	$91,984	$86,887	+0.1%

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

$135,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN BOYKO	PRESIDENT	40.00	Officer	$131,335	$3,940	$135,275
PATRICK COONEY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HINTON	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE LACAUSE	SECRETARY	1.00	Director	$0	$0	$0
RAYMOND MARVAR	VICE CHAIRMA	1.00	Director	$0	$0	$0
RALPH MCGREEVY	TREASURER	1.00	Director	$0	$0	$0
JEFFREY RECHENBACH	CHAIRMAN	1.00	Director	$0	$0	$0
JIM ROKAKIS	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
2024	$928,919	$836,935	$15,817,676	$91,984
2023	$855,312	$768,425	$16,611,716	$86,887
2022	$1,330,622	$748,450	$16,673,960	$582,172
2021	$1,536,107	$655,211	$16,528,427	$880,896
2020	$598,030	$702,874	$14,498,126	$-104,844
2019	$659,702	$675,745	$12,551,706	$-16,043
2018	$622,127	$672,852	$12,710,183	$-50,725

NORTH COAST CREDIT UNION