Financial Center First Credit Union (EIN 350928620) - 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

2015

Legal Domicile

Phone

3179166233

Tax Period

2023-01-01 to 2023-12-31

Financial Center First Credit Union, founded in 2015, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $53.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $45.6M left a modest 15% surplus.

Mission

FINANCIAL CENTER FIRST CREDIT UNION'S MISSION IS TO IMPROVE THE FINANCIAL LIVES OF 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 $53,719,211

Investment Income $-148,469

Other Revenue $0

TOTAL REVENUE $53,570,742

Expense Breakdown

Grants Paid $42,846

Salaries & Benefits $16,354,622

Fundraising Expenses $0

Program Expenses $0

Other Expenses $29,242,532

TOTAL EXPENSES $45,640,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,570,742	$42,966,700	+0.2%
Expenses	$45,640,000	$38,073,000	+0.2%
Net Income	$7,930,742	$4,893,700	+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

N/A

Employees

385

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

$3,563,671

Total Directors

$189,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	SECRETARY	5.0	Director	$18,000	$0	$18,000
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	FIRST CHAIRMAN	5.0	Director	$18,000	$0	$18,000
N/A	CHAIRPERSON	5.0	Director	$27,000	$0	$27,000
N/A	SECOND VICE CHAIRMAN	5.0	Director	$18,000	$0	$18,000
N/A	DIRECTOR	5.0	Director	$18,000	$0	$18,000
N/A	VP OF ERM	40.0	Officer	$140,963	$22,354	$163,317
N/A	COO	40.0	Officer	$203,131	$8,077	$211,208
N/A	VP of LENDING	40.0	Officer	$80,110	$11,507	$91,617
N/A	CEO/PRESIDENT	40.0	Officer	$311,455	$29,270	$340,725
N/A	VP OF LENDING	40.0	Officer	$183,581	$22,828	$206,409
N/A	VP OF MARKETING	40.0	Officer	$123,765	$19,646	$143,411
N/A	VP OF FACILITIES	40.0	Officer	$124,241	$5,315	$129,556
N/A	VP OF HR	40.0	Officer	$161,088	$15,269	$176,357
N/A	SVP INFORMATION TECHNOLOGY	40.0	Officer	$214,616	$24,782	$239,398
N/A	VP OF ACCOUNTING	40.0	Officer	$143,578	$27,577	$171,155
N/A	CHIEF STRATEGY OFFICER	40.0	Officer	$199,102	$15,774	$214,876
N/A	CHIEF DEVELOPMENT OFFICER	40.0	Officer	$136,669	$23,013	$159,682
N/A	VP OF FINANCIAL WELLNESS	40.0	Officer	$130,690	$18,822	$149,512
N/A	VP OF STRATEGIC DEVELOPMENT	40.0	Officer	$144,322	$14,564	$158,886
N/A	CHIEF RISK & COMPL. OFFICER	40.0	Officer	$230,238	$17,683	$247,921
N/A	DIR INT AUDIT	40.0	Officer	$121,507	$13,772	$135,279
N/A	VP OF COMMERCIAL LENDING	40.0	Officer	$124,738	$13,888	$138,626
N/A	VP OF COMMUNICATION	40.0	Officer	$115,176	$10,405	$125,581
N/A	VP OF INTERNAL OPS	40.0	Officer	$116,596	$19,827	$136,423
N/A	EVP FINANCE	40.0	Officer	$69,888	$4,106	$73,994
N/A	VP OF RETAIL OPERATIONS	40.0	Officer	$123,108	$26,630	$149,738
N/A	BUSINESS INTELLIGENCE MANAGER	40.0	Highest	$127,336	$13,365	$140,701
N/A	AVP CORE SERVICES	40.0	Highest	$101,229	$12,784	$114,013
N/A	AVP OF COMPLIANCE	40.0	Highest	$105,423	$6,919	$112,342
N/A	IT INFRASTRUCTURE ENGINEER	40.0	Highest	$105,578	$14,158	$119,736
N/A	FINANCIAL ADVISOR	40.0	Highest	$103,109	$25,682	$128,791
N/A	FORMER CHIEF FINANCIAL OFFICER	0.0		$376,418	$0	$376,418

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	$53,570,742	$45,640,000	$841,887,000	$7,930,742
2022	$42,966,700	$38,073,000	$839,916,000	$4,893,700
2021	$38,154,429	$33,761,000	$817,315,000	$4,393,429
2020	$33,673,329	$30,701,000	$760,761,000	$2,972,329
2019	$34,507,569	$30,747,412	$586,539,942	$3,760,157
2018	$32,407,608	$28,685,170	$560,227,039	$3,722,438

Financial Center First Credit Union