FAMILY HORIZONS CREDIT UNION (EIN 350940662) - 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

1954

Legal Domicile

Principal Officer

KEITH WRIGHT

Phone

3173520423

Tax Period

2024-01-01 to 2024-12-31

FAMILY HORIZONS CREDIT UNION, founded in 1954, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2024. Expenses of $5.6M left a modest 3% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,253,405

Investment Income $1,027,112

Other Revenue $510,385

TOTAL REVENUE $5,790,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,300,516

Fundraising Expenses $0

Program Expenses $5,614,053

Other Expenses $3,313,537

TOTAL EXPENSES $5,614,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,790,902	$5,481,008	+0.1%
Expenses	$5,614,053	$5,392,276	+0.0%
Net Income	$176,849	$88,732	+1.0%

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

$850,969

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT RIGNEY	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOHN EBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT RECKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HOFFMAN	CHAIR	1.00	Director	$0	$0	$0
RENAE FIFE	VICE CHAIR	1.00	Director	$0	$0	$0
KEITH WRIGHT	PRESIDENT & CEO	40.00	Officer	$850,969	$0	$850,969

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
2025	No data	No data	No data	No data
2024	$5,790,902	$5,614,053	$95,981,726	$176,849
2023	$5,481,008	$5,392,276	$94,552,393	$88,732
2022	$5,786,440	$5,735,719	$98,979,047	$50,721
2021	$5,146,617	$5,124,057	$100,553,243	$22,560
2020	$4,458,875	$4,444,579	$98,544,757	$14,296
2019	$4,633,940	$4,504,479	$81,760,941	$129,461
2018	$5,092,205	$4,983,950	$81,259,852	$108,255

FAMILY HORIZONS CREDIT UNION