992 GOODYEAR EMPLOYEES CREDIT UNION

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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

1961

Legal Domicile

Principal Officer

Robin R Smyth

Phone

3307249391

Tax Period

2021-01-01 to 2021-12-31

992 GOODYEAR EMPLOYEES CREDIT UNION, founded in 1961, is a small nonprofit that reported $120K in total revenue in fiscal year 2021. Revenue decreased 17% compared to the prior year. Expenses of $173K exceeded revenue, resulting in a 44% operating deficit.

Mission

THE CREDIT UNION'S PRIMARY MISSION IS TO PROVIDE LENDING AND SAVINGS TO ITS QUALIFYING MEMBERS AT TERMS GENERALLY BETTER THAN AVAILABLE IN THE MARKET PLACE AND WITH A SERVICE BASED EMPHASIS THAT RECONGNIZES THE MEMBERS' STATUS AS OWNERS.

Program Service Accomplishments

Program 1

Expenses: $104,243

EMPLOYEE COMPENSATION FOR PROVIDING SAVINGS DEPOSIT SERVICES, ORIGINATING NEW LOANS AND SERVICING THE PORTFOLIO FOR MEMBERS

Program 2

Expenses: $2,117

DIVIDENS PAID ON DEPOSIT ACCOUNTS AND HELD BY MEMBERS

Program 3

Expenses: $66,937

DATA PROCESSING COST INCURRED RECORDING AND MAINTAINING MEMBER ACCOUNT ACTIVITY

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,811

Investment Income $2,599

Other Revenue $0

TOTAL REVENUE $120,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,243

Fundraising Expenses $0

Program Expenses $173,297

Other Expenses $66,937

TOTAL EXPENSES $173,297

Year-over-Year Comparison

	2021	2020	Change
Revenue	$120,410	$144,884	-0.2%
Expenses	$173,297	$143,796	+0.2%
Net Income	$-52,887	$1,088	-49.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD KROPFF	DIRECTOR	0.50	Director	$0	$0	$0
ADAM HALE	DIRECTOR	0.50	Director	$0	$0	$0
SHANNON PORTER	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG D'ANDREA	BOARD PRESIDENT	0.50	Officer	$0	$0	$0
LESLIE WENZLAWSH	BOARD VICE PRESIDENT	0.50	Officer	$0	$0	$0
ROBIN SMYTH	TREASURER	40	Officer	$0	$0	$0
JANE KORMANIK	SECRETARY	0.50	Officer	$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
2021	$120,410	$173,297	$5,634,316	$-52,887
2020	$144,884	$143,796	$5,295,736	$1,088
2019	$186,524	$157,808	$4,898,662	$28,716
2018	$168,218	$163,460	$4,457,980	$4,758