Elite Community Credit Union (EIN 362478670) - 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

1958

Legal Domicile

Principal Officer

Suzanne Bell

Phone

8159337711

Tax Period

2023-01-01 to 2023-12-31

Elite Community Credit Union, founded in 1958, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ELITE COMMUNITY CREDIT UNION IS COMMITTED TO MEET OUR MEMBERS' FINANCIAL NEEDS AND ASSIST THEM IN ATTAINING THEIR FINANCIAL GOALS. WE STRIVE TO PROVIDE THE BEST SERVICES POSSIBLE WHILE MAINTAINING LONG-TERM FINANCIAL STABILITY.

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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 $1,179,019

Investment Income $73,120

Other Revenue $8,028

TOTAL REVENUE $1,260,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,086

Fundraising Expenses $0

Other Expenses $822,580

TOTAL EXPENSES $1,232,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,260,167	$1,134,431	+0.1%
Expenses	$1,232,666	$1,048,193	+0.2%
Net Income	$27,501	$86,238	-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

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

$98,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG OSENDGA	CHAIRPERSON	0.00	Officer Director	$0	$0	$0
MELLISSA CHERVENY	VICE CHAIRPPERSON	0.00	Officer Director	$0	$0	$0
BRUCE ADAMS	TREASURER	0.00	Officer Director	$0	$0	$0
DAN POWER	BOARD MEMBER	0.00	Director	$0	$0	$0
ROGER CALDWELL	BOARD MEMBER	0.00	Director	$0	$0	$0
JILL LOVELL	BOARD MEMBER	0.00	Director	$0	$0	$0
RHONDA BOUCHARD	BOARD MEMBER	0.00	Director	$0	$0	$0
DANEIL BROUGH	BOARD MEMBER	0.00	Director	$0	$0	$0
SUZANNE BELL	PRES/MANAGER	1.00	Officer	$90,229	$8,730	$98,959

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	$1,260,167	$1,232,666	$23,001,009	$27,501
2022	$1,134,431	$1,048,193	$22,071,134	$86,238
2021	$1,088,869	$1,026,262	$21,068,479	$62,607
2020	$892,533	$899,262	$16,911,850	$-6,729
2019	$867,722	$884,304	$15,066,358	$-16,582
2018	$835,579	$811,248	$14,831,076	$24,331

Elite Community Credit Union