LEO CREDIT UNION INC (EIN 341471215) - 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

1985

Legal Domicile

Principal Officer

JARED FURNIA

Phone

4403473891

Tax Period

2024-01-01 to 2024-12-31

LEO CREDIT UNION INC, founded in 1985, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $519K left a modest 13% surplus.

Mission

IT IS THE MISSION OF L.E.O. CREDIT UNION TO EXCEED EXPECATIONS 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 $400,302

Investment Income $122,216

Other Revenue $77,021

TOTAL REVENUE $599,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,239

Fundraising Expenses $0

Other Expenses $227,750

TOTAL EXPENSES $519,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,539	$482,987	+0.2%
Expenses	$519,190	$707,107	-0.3%
Net Income	$80,349	$-224,120	-1.4%

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

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

$87,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED FURNIA	CEO	40.00	Officer	$87,975	$0	$87,975
TONY BRZYTWA	TREASURER	1.00	Director	$0	$0	$0
ERIN FLASH	VICE PRESIDE	1.00	Director	$0	$0	$0
CHRIS MELDRUM	SECRETARY	1.00	Director	$0	$0	$0
DANIEL O'BRIEN	PRESIDENT	1.00	Director	$0	$0	$0
BETH PATLA	DIRECTOR	1.00	Director	$0	$0	$0
JUDY STEVENSON	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	$599,539	$519,190	$10,497,296	$80,349
2023	$482,987	$707,107	$10,518,000	$-224,120
2022	$458,739	$513,742	$12,078,913	$-55,003
2021	$448,144	$391,706	$14,008,267	$56,438
2020	$524,734	$454,530	$14,969,872	$70,204
2019	$597,086	$470,466	$15,740,793	$126,620
2018	$560,050	$503,723	$13,570,933	$56,327

LEO CREDIT UNION INC