1087 MILLSTREAM AREA CREDIT UNION INC (EIN 346572293) - 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

1966

Legal Domicile

Principal Officer

JOSHUA REAMS

Phone

4194225626

Tax Period

2023-01-01 to 2023-12-31

1087 MILLSTREAM AREA CREDIT UNION INC, founded in 1966, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 14% surplus.

Mission

THE PURPOSE OF THIS CREDIT UNION SHALL BE TO PROMOTE THRIFT AND TO PROVIDE CREDIT FOR ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,057,351

Investment Income $536,499

Other Revenue $0

TOTAL REVENUE $4,593,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,417,894

Fundraising Expenses $0

Other Expenses $2,524,668

TOTAL EXPENSES $3,942,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,593,850	$3,889,047	+0.2%
Expenses	$3,942,562	$3,335,320	+0.2%
Net Income	$651,288	$553,727	+0.2%

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

$315,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRODY YINGLING	DIRECTOR	1.00	Director	$0	$0	$0
CASSIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER HALSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
PAT SWISHER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BUDDE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KOZLOWSKI	DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIC WARREN	CHIEF FINANCIAL OFFICER	45.00	Officer	$84,368	$0	$84,368
JOSHUA REAMS	PRESIDENT/CEO	50.00	Officer	$143,172	$0	$143,172
KATIE GREENE	CHIEF OPERATIONS OFFICER	45.00	Officer	$87,903	$0	$87,903

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	No data	No data	No data	No data
2023	$4,593,850	$3,942,562	$59,332,260	$651,288
2022	$3,889,047	$3,335,320	$59,777,418	$553,727
2021	$3,448,457	$3,318,448	$59,199,918	$130,009
2020	$3,387,973	$3,378,472	$54,768,415	$9,501
2019	$3,772,125	$3,377,925	$45,423,986	$394,200
2018	$3,613,840	$3,234,319	$41,291,834	$379,521

1087 MILLSTREAM AREA CREDIT UNION INC