Members Source Credit Union (EIN 350873966) - 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

1935

Legal Domicile

Principal Officer

James Falls

Phone

2197654141

Tax Period

2024-01-01 to 2024-12-31

Members Source Credit Union, founded in 1935, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 12% surplus.

Mission

Credit Union is a not-for-profit, member-owned financial institution, we work hard to ensure the credit union philosophy of people helping people. We offer a full line of products and services.

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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 $3,369,603

Investment Income $1,167,833

Other Revenue $0

TOTAL REVENUE $4,537,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,367,567

Fundraising Expenses $0

Other Expenses $2,628,540

TOTAL EXPENSES $3,996,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,537,436	$3,875,419	+0.2%
Expenses	$3,996,107	$3,399,729	+0.2%
Net Income	$541,329	$475,690	+0.1%

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
Jeff Perz	Chairman	1.00	Officer Director	$0	$0	$0
Barry Weiss	Director	1.00	Officer Director	$0	$0	$0
Jim Juarez	Director	1.00	Officer Director	$0	$0	$0
Tom Pysh	Director	1.00	Director	$0	$0	$0
Mitch Hershberger	Director	1.00	Director	$0	$0	$0
Ronald Harper	Director	1.00	Director	$0	$0	$0
Gina Smith	Director	1.00	Officer Director	$0	$0	$0
Don Tokoly	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	$4,537,436	$3,996,107	$92,188,560	$541,329
2023	$3,875,419	$3,399,729	$90,277,336	$475,690
2022	$3,726,820	$2,898,320	$93,824,009	$828,500
2021	$3,183,088	$2,623,341	$93,168,373	$559,747
2020	$3,139,766	$2,803,729	$86,872,886	$336,037
2019	$3,295,352	$3,082,423	$75,145,636	$212,929
2018	$3,136,083	$2,851,610	$76,115,716	$284,473

Members Source Credit Union