BLUFFTON MOTOR WORKS FRANKLIN ELECTRIC EMPLOYEES CREDIT UNION (EIN 356019378) - 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

1952

Legal Domicile

Principal Officer

Amy Sink

Phone

5745342506

Tax Period

2024-01-01 to 2024-08-31

BLUFFTON MOTOR WORKS FRANKLIN ELECTRIC EMPLOYEES CREDIT UNION, founded in 1952, is a micro nonprofit that reported $29K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 221% operating deficit.

Mission

CREDIT UNION: A SAVINGS AND LOANS FINANCIAL INSTITUTION TO SERVE OUR 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 $13,472

Investment Income $13,887

Other Revenue $1,897

TOTAL REVENUE $29,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,215

Fundraising Expenses $0

Program Expenses $0

Other Expenses $38,618

TOTAL EXPENSES $94,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,256	$50,354	-0.4%
Expenses	$94,007	$89,063	+0.1%
Net Income	$-64,751	$-38,709	+0.7%

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

N/A

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

$403

Key Employees

$54,812

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUNTER BODENHEIMER	EMPLOYEE	35	Key Emp	$54,812	$0	$54,812
KATHRYN DURHAM	MANAGER	32	Director	$403	$0	$403
TIMOTHY WYATT	CHAIRPERSON	0.50	Director	$0	$0	$0
LUCAS MILLER	VICE PRESIDENT	0.5	Director	$0	$0	$0
VERONICA VELOSA	BOARD MEMBER	0.5	Director	$0	$0	$0
DANIEL MCFARREN	BOARD MEMBER	0.5	Director	$0	$0	$0
Lavern Smith	BOARD MEMBER	0.5	Director	$0	$0	$0
Cynthia Buck	BOARD MEMBER	0.5	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
2024	$29,256	$94,007	No data	$-64,751
2023	$50,354	$89,063	$708,170	$-38,709
2022	$26,497	$51,279	$1,051,396	$-24,782
2021	$32,433	$41,597	$1,115,413	$-9,164
2020	$28,670	$37,222	$1,166,446	$-8,552

BLUFFTON MOTOR WORKS FRANKLIN ELECTRIC EMPLOYEES CREDIT UNION