IMPACT CREDIT UNION (EIN 344431845) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

SCOTT HICKS

Phone

4195477781

Tax Period

2024-01-01 to 2024-12-31

IMPACT CREDIT UNION, founded in 1937, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $10.4M left a modest 7% surplus.

Mission

THE CREDIT UNION PROVIDES FINANCIAL SERVICES TO QUALIFIED MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,857,710

Investment Income $1,280,487

Other Revenue $30,235

TOTAL REVENUE $11,168,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,988,047

Fundraising Expenses $0

Other Expenses $6,363,184

TOTAL EXPENSES $10,351,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,168,432	$9,803,163	+0.1%
Expenses	$10,351,231	$9,189,229	+0.1%
Net Income	$817,201	$613,934	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$762,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HICKS	PRESIDENT/CE	40.00	Officer	$257,543	$158,383	$415,926
BRUCE JOSEPH	FINANCIAL PL	40.00	Highest	$228,312	$32,992	$261,304
SONYA SMITH	EVP/CFO	40.00	Officer	$150,160	$55,168	$205,328
KELLY STRECKER	SVP/CLO	40.00	Officer	$114,345	$27,286	$141,631
CRAIG DAVIS	VP OPERATION	40.00	Highest	$100,610	$18,123	$118,733
NICHOLAS COURTRIGHT	TREASURER/SE	0.50	Officer Director	$0	$0	$0
MICHAEL HALBEISEN	DIRECTOR	0.50	Officer Director	$0	$0	$0
TROY HASHBARGER	CHAIRMAN	0.50	Officer Director	$0	$0	$0
BRUCE HIRT	DIRECTOR	0.50	Officer Director	$0	$0	$0
GARY HOTZ	DIRECTOR	0.50	Officer Director	$0	$0	$0
KAREN MACFARLAND	DIRECTOR	0.50	Officer Director	$0	$0	$0
CURTIS REICHMAN	VICE CHAIRMA	0.50	Officer 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	$11,168,432	$10,351,231	$185,711,223	$817,201
2023	$9,803,163	$9,189,229	$177,641,796	$613,934
2022	$8,485,851	$8,043,108	$185,065,864	$442,743
2021	$7,906,870	$7,749,288	$184,776,564	$157,582
2020	$7,908,130	$7,884,399	$173,570,329	$23,731
2019	$8,319,945	$8,073,838	$146,844,263	$246,107
2018	$8,190,390	$7,237,108	$142,880,341	$953,282

IMPACT CREDIT UNION