HOOSIER UNITED CREDIT UNION (EIN 351081983) - 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

1931

Legal Domicile

Principal Officer

JEANNA RICHARDSON

Phone

3179234747

Tax Period

2024-01-01 to 2024-12-31

HOOSIER UNITED CREDIT UNION, founded in 1931, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $701K, a strong 33% operating margin.

Mission

STATE CHARTERED CREDIT UNION WITH A STANDARD OF MEMBERS HELPING MEMBERS AND PERSONALIZED INDIVIDUAL SERVICE.

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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 $840,865

Investment Income $968,189

Other Revenue $292,846

TOTAL REVENUE $2,101,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,732

Fundraising Expenses $0

Other Expenses $957,955

TOTAL EXPENSES $1,400,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,101,900	$1,602,135	+0.3%
Expenses	$1,400,687	$1,257,217	+0.1%
Net Income	$701,213	$344,918	+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

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
BRIAN K SHANAHAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES BLUME	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
BRIAN SECOR	SECRETARY	1.00	Officer Director	$0	$0	$0
BEN ROSS	TREASURER	1.00	Officer Director	$0	$0	$0
SARA MACLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID F BROKAW	DIRECTOR	1.00	Director	$0	$0	$0
JIM KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERRY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH CAIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MULLIGAN	CEO	40.00		$108,566	$15,672	$124,238
JEANNA RICHARDSON	CEO	N/A	Officer	$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	$2,101,900	$1,400,687	$35,024,084	$701,213
2023	$1,602,135	$1,257,217	$34,524,418	$344,918
2022	$1,024,711	$894,317	$36,629,276	$130,394
2021	$958,312	$817,860	$28,139,962	$140,452
2019	$995,093	$842,894	$21,863,037	$152,199
2018	$893,486	$770,847	$20,694,076	$122,639

HOOSIER UNITED CREDIT UNION