HARVESTER FINANCIAL CREDIT UNION (EIN 350980585) - 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

JASON FORD

Phone

3173520455

Tax Period

2024-01-01 to 2024-12-31

HARVESTER FINANCIAL CREDIT UNION, founded in 1954, is a community nonprofit in the Public & Societal Benefit sector that reported $4.8M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $4.5M left a modest 6% surplus.

Mission

COOPERATIVE FINANCIAL INSTITUTION PROVIDING SAVINGS AND LOAN PRODUCTS TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,737,833

Investment Income $1,039,448

Other Revenue $12,947

TOTAL REVENUE $4,790,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,824,284

Fundraising Expenses $0

Program Expenses $4,520,586

Other Expenses $2,696,302

TOTAL EXPENSES $4,520,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,790,228	$3,718,175	+0.3%
Expenses	$4,520,586	$3,664,595	+0.2%
Net Income	$269,642	$53,580	+4.0%

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

$241,232

Total Directors

$825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY WALTERS	CHAIRMAN	1.00	Officer Director	$825	$0	$825
DEIDRA DUNAGIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TERESA COLLIER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROD CANNON	TREASURER	1.00	Officer Director	$0	$0	$0
ROD CANNON	TREASURER	1.00	Director	$0	$0	$0
STEVE BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
MIKE METCALF	DIRECTOR	1.00	Director	$0	$0	$0
JASON FORD	PRESIDENT & CEO	40.00	Officer	$152,232	$0	$152,232
ELIZABETH OLSON	COO	40.00	Officer	$88,175	$0	$88,175

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	$4,790,228	$4,520,586	$82,542,900	$269,642
2023	$3,718,175	$3,664,595	$84,396,291	$53,580
2022	$3,244,833	$2,910,935	$73,179,806	$333,898
2021	$3,305,894	$2,753,155	$72,826,750	$552,739
2020	$2,878,118	$2,747,201	$64,927,312	$130,917
2019	$2,964,412	$2,836,140	$55,033,832	$128,272
2019	$2,964,412	$2,836,140	$55,033,832	$128,272
2018	$2,806,912	$2,690,489	$52,464,109	$116,423

HARVESTER FINANCIAL CREDIT UNION