FRIENDS AND FAMILY CREDIT UNION (EIN 340925129) - 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

JEANNA COSTANZO

Phone

3308321371

Tax Period

2024-01-01 to 2024-12-31

FRIENDS AND FAMILY CREDIT UNION, founded in 1958, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 11% surplus.

Mission

TO SERVE THE FINANCIAL NEEDS OF THE MEMBERS OF THE CREDIT UNION.

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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 $5,260,447

Investment Income $658,779

Other Revenue $6,531

TOTAL REVENUE $5,925,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,517,984

Fundraising Expenses $0

Other Expenses $3,747,362

TOTAL EXPENSES $5,265,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,925,757	$5,349,694	+0.1%
Expenses	$5,265,346	$4,947,667	+0.1%
Net Income	$660,411	$402,027	+0.6%

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

$221,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM TRINER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MIKE LOUDIANA	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
MELVILLE MAIER	TREASURER	2.00	Officer Director	$0	$0	$0
GARY LUCAS	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL ZIEGELHOFER	DIRECTOR	2.00	Director	$0	$0	$0
BILL HAMIT	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY ROSS	DIRECTOR	2.00	Director	$0	$0	$0
JEANNA COSTANZO	CEO	40.00	Officer	$111,040	$18,693	$129,733
HEIDI MASON	CFO	40.00	Officer	$75,309	$16,743	$92,052

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
2025	No data	No data	No data	No data
2024	$5,925,757	$5,265,346	$107,222,741	$660,411
2023	$5,349,694	$4,947,667	$107,654,308	$402,027
2022	$4,365,367	$4,078,337	$109,610,235	$287,030
2021	$4,173,770	$4,032,498	$105,337,357	$141,272
2020	$4,333,495	$4,200,298	$101,721,634	$133,197
2019	$4,491,289	$4,294,097	$95,255,119	$197,192
2018	$4,085,631	$3,937,539	$92,592,542	$148,092

FRIENDS AND FAMILY CREDIT UNION