HAMMOND FIREFIGHTERS ASSOCCREDIT UNION (EIN 356033351) - 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

1942

Legal Domicile

Principal Officer

JEFFREY DIXON

Phone

2199371602

Tax Period

2023-01-01 to 2023-12-31

HAMMOND FIREFIGHTERS ASSOCCREDIT UNION, founded in 1942, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $7K, a strong 16% operating margin.

Mission

THE HAMMOND FIREFIGHTERS ASSOC. CREDIT UNION IS A SMALL CREDIT UNION MADE UP OF FIREMEN AND THEIR IMMEDIATE FAMILY. OUR GOAL IS TO GIVE AS MUCH BACK TO OUR MEMBERS VIA INTEREST RATES AS POSSIBLE WHILE REMAINING SOUND FINANCIALLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,889

Investment Income $13,462

Other Revenue $0

TOTAL REVENUE $47,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,473

Fundraising Expenses $0

Other Expenses $21,468

TOTAL EXPENSES $39,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,351	$42,392	+0.1%
Expenses	$39,941	$48,375	-0.2%
Net Income	$7,410	$-5,983	-2.2%

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

N/A

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

$17,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF DIXON	MANAGER	10.00	Director	$8,580	$0	$8,580
CHRIS TRTAN	SECRETARY	10.00	Director	$8,580	$0	$8,580

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	No data	No data	No data	No data
2023	$47,351	$39,941	$1,362,280	$7,410
2022	$42,392	$48,375	$1,547,783	$-5,983
2021	$47,026	$54,755	$1,661,722	$-7,729
2020	$58,880	$57,006	$1,597,290	$1,874
2019	$65,094	$62,326	$1,457,961	$2,768
2018	$62,595	$55,888	$1,528,782	$6,707

HAMMOND FIREFIGHTERS ASSOCCREDIT UNION