ENERGY PLUS CREDIT UNION (EIN 356031691) - 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

1925

Legal Domicile

Principal Officer

CARI PALMER

Phone

3172618521

Tax Period

2024-01-01 to 2024-12-31

ENERGY PLUS CREDIT UNION, founded in 1925, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 12% 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 $2,498,155

Investment Income $523,676

Other Revenue $0

TOTAL REVENUE $3,021,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $932,123

Fundraising Expenses $0

Other Expenses $1,722,082

TOTAL EXPENSES $2,654,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,021,831	$2,462,886	+0.2%
Expenses	$2,654,205	$2,167,991	+0.2%
Net Income	$367,626	$294,895	+0.2%

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

$110,377

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK GRIMMER	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK VOGLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HOPWOOD	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA WADE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
VICKI GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
SARA MAMUSKA MORRIS	CHAIRPERSON	1.00	Director	$0	$0	$0
CHRIS HAHN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS O'LEARY	DIRECTOR	1.00	Director	$0	$0	$0
BEN REED	DIRECTOR	1.00	Director	$0	$0	$0
CAROL TRAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CARI PALMER	PRESIDENT/CEO	40.00	Officer	$110,377	$0	$110,377

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	$3,021,831	$2,654,205	$44,595,363	$367,626
2023	$2,462,886	$2,167,991	$39,987,194	$294,895
2022	$2,002,549	$1,799,589	$42,138,149	$202,960
2021	$2,122,095	$1,720,513	$43,570,640	$401,582
2020	$1,928,023	$1,786,264	$39,640,718	$141,759
2018	$1,997,492	$1,655,520	$34,130,368	$341,972

ENERGY PLUS CREDIT UNION