DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND (EIN 350930295) - 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

1933

Legal Domicile

Principal Officer

Carma Parrish

Phone

2698450211

Tax Period

2022-01-01 to 2022-12-31

DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND, founded in 1933, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2022. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 6% surplus.

Mission

State Chartered Credit Union

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,498,937

Investment Income $10,083

Other Revenue $1,832,529

TOTAL REVENUE $5,341,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,681,184

Fundraising Expenses $0

Program Expenses $5,029,827

Other Expenses $3,348,643

TOTAL EXPENSES $5,029,827

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,341,549	$3,709,376	+0.4%
Expenses	$5,029,827	$2,988,464	+0.7%
Net Income	$311,722	$720,912	-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

Employees

Volunteers

N/A

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

$132,277

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carma Parish	CEO	40.00	Officer	$132,277	$0	$132,277
Lori Brenner	Chairman	1.00	Officer Director	$0	$0	$0
Kyle Nagy	Secretary	1.00	Director	$0	$0	$0
Rob Jones	Treasurer	1.00	Officer Director	$0	$0	$0
Gary Essary	Vice Chair	1.00	Officer Director	$0	$0	$0
David Rose	Director	1.00	Director	$0	$0	$0
John Bergeson	Director	1.00	Director	$0	$0	$0
Peter Erotas	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
2022	$5,341,549	$5,029,827	$43,419,731	$311,722
2021	$3,709,376	$2,988,464	$45,425,676	$720,912
2020	$3,336,793	$3,101,241	$45,277,876	$235,552
2019	$3,463,630	$3,462,246	$42,552,559	$1,384
2018	$3,379,015	$3,267,593	$43,490,212	$111,422

DEPARTMENT OF FINANCIAL INSTITUTION DIVISION OF CREDIT UNIONS IN IND