IRSE CREDIT UNION

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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

1949

Legal Domicile

Principal Officer

KATY BROWN

Phone

2177269595

Tax Period

2020-01-01 to 2020-08-31

IRSE CREDIT UNION, founded in 1949, is a small nonprofit that reported $166K in total revenue in fiscal year 2020. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 53% operating deficit.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVINGS ACCOUNTS AND OTHER FINANCIAL INSTITUTION SERVICES IN A FRIENDLY AND PROFESSIONAL MANNER.

Program Service Accomplishments

Program 1

Provided consumer lending and receive deposits from the Credit Union Membership. The Credit Union services in excess of 1,200 member share type accounts and 510 loan accounts, including Visa cards.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $111,137

Investment Income $54,732

Other Revenue $0

TOTAL REVENUE $165,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,626

Fundraising Expenses $0

Other Expenses $179,370

TOTAL EXPENSES $252,996

Year-over-Year Comparison

	2020	2019	Change
Revenue	$165,869	$304,816	-0.5%
Expenses	$252,996	$259,443	0.0%
Net Income	$-87,127	$45,373	-2.9%

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

$35,235

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX PRATHER	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
BRENT TIPPIN	VICE-CHAIRPERSON	1.00	Director	$0	$0	$0
PATRICIA MCDERMOTT	SECRETARY	1.00	Director	$0	$0	$0
DOUG BLADE	TREASURER	1.00	Director	$0	$0	$0
DEBBIE HELD	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
WENDELL SHEELEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DARROW	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES TAPIA	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY YANTIS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM SUCHOMSKI	DIRECTOR	1.00	Director	$0	$0	$0
CINDY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KAY BROWN	PRESIDENT	40.00	Officer	$32,533	$2,702	$35,235

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
2020	$165,869	$252,996	No data	$-87,127
2019	$304,816	$259,443	$8,663,290	$45,373
2018	$294,155	$246,380	$9,186,442	$47,775