FINANCIAL PLUS CREDIT UNION (EIN 362282191) - 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

1951

Legal Domicile

Principal Officer

FIELDING LOCKAS

Phone

8154331496

Tax Period

2024-01-01 to 2024-12-31

FINANCIAL PLUS CREDIT UNION, founded in 1951, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $31.0M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 19% operating margin.

Mission

THE CREDIT UNION ASSISTS THEIR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL BEING BY PROVIDING EXCEPTIONAL SERVICE 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 $26,202,427

Investment Income $4,828,004

Other Revenue $0

TOTAL REVENUE $31,030,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,805,679

Fundraising Expenses $0

Other Expenses $17,461,771

TOTAL EXPENSES $25,267,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,030,431	$24,600,191	+0.3%
Expenses	$25,267,450	$20,759,661	+0.2%
Net Income	$5,762,981	$3,840,530	+0.5%

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

121

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

$1,151,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT KOZSDIY	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH NAVARRO	CHAIRPERSON	2.00	Director	$0	$0	$0
THOMAS BRETAG	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
CHAD COX	TREASURER	2.00	Director	$0	$0	$0
ANTHONY QUIGLEY	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SWEEDEN	DIRECTOR	2.00	Director	$0	$0	$0
ESMERALDA MARTINEZ	SECRETARY	2.00	Director	$0	$0	$0
AARON BATTISTELLI	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL FARRELL	DIRECTOR	2.00	Director	$0	$0	$0
PETER FAUTH	PRESIDENT & CEO	40.00	Officer	$321,952	$23,913	$345,865
DIANNE BANGERT	EXECUTIVE VP & COO	40.00	Officer	$180,934	$23,230	$204,164
FIELDING LOCKAS	VP - CFO	40.00	Officer	$160,968	$16,098	$177,066
TOM GREGOR	VP - CIO	40.00	Officer	$169,735	$14,685	$184,420
KATHLEEN JENKINS	VP - CLO	40.00	Officer	$76,039	$21,027	$97,066
LEE WILKINS	VP - CMO	40.00	Officer	$134,881	$7,596	$142,477
TRENT THREADGILL	AVP OF LENDING	40.00	Highest	$108,548	$23,025	$131,573
SEBBY MCKEE	RETIRED DIRECTOR OF HUMAN RESOURCE	40.00		$120,205	$6,626	$126,831

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	$31,030,431	$25,267,450	$528,122,810	$5,762,981
2023	$24,600,191	$20,759,661	$488,328,686	$3,840,530
2022	$20,342,289	$16,115,786	$468,066,782	$4,226,503
2021	$18,435,940	$15,115,889	$450,128,379	$3,320,051
2020	$17,277,341	$14,668,286	$397,647,993	$2,609,055
2019	$17,514,647	$13,765,737	$337,335,921	$3,748,910
2018	$16,237,237	$12,328,447	$319,938,471	$3,908,790

FINANCIAL PLUS CREDIT UNION