HARVARD COMMUNITY CREDIT UNION (EIN 362412022) - 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

1956

Legal Domicile

Principal Officer

CONNIE ANDERSON

Phone

8159436500

Tax Period

2024-01-01 to 2024-12-31

HARVARD COMMUNITY CREDIT UNION, founded in 1956, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ASSIST OUR MEMBERS WITH THEIR FINANCIAL NEEDS WHILE ENHANCING THE FINANCIAL STRENGTH OF THE 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 $1,335,326

Investment Income $83,748

Other Revenue $44,232

TOTAL REVENUE $1,463,306

Expense Breakdown

Grants Paid $3,132

Salaries & Benefits $422,971

Fundraising Expenses $0

Other Expenses $1,236,645

TOTAL EXPENSES $1,662,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,463,306	$1,390,320	+0.1%
Expenses	$1,662,748	$1,391,911	+0.2%
Net Income	$-199,442	$-1,591	+124.4%

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

$96,740

Total Directors

$96,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE ANDERSON	DIRECTOR/CU PRESIDENT	40.00	Officer Director	$90,740	$6,000	$96,740
DR JON WARNECKE	CHAIRPERSON	1.50	Officer Director	$0	$0	$0
MICHAEL VEST	VICE CHAIRPERSON	1.50	Officer Director	$0	$0	$0
VERONICA FIGUEROA	DIRECTOR	1.50	Director	$0	$0	$0
TAMMY HERRERA	DIRECTOR	1.50	Director	$0	$0	$0
ANNETTE HILDRETH	DIRECTOR	1.50	Director	$0	$0	$0
KELLEY SCHULZ	DIRECTOR	1.50	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	$1,463,306	$1,662,748	$20,884,114	$-199,442
2023	$1,390,320	$1,391,911	$23,005,169	$-1,591
2022	$1,114,312	$1,004,063	$24,510,721	$110,249
2021	$989,652	$784,455	$23,332,703	$205,197
2020	$924,447	$894,692	$20,689,165	$29,755
2019	$874,614	$786,260	$18,172,303	$88,354
2018	$792,106	$626,840	$15,480,412	$165,266

HARVARD COMMUNITY CREDIT UNION