SPRINGFIELD FIREFIGHTERS CREDIT UNION (EIN 370810754) - 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

1938

Legal Domicile

Principal Officer

JOSH BANKS

Phone

2178169034

Tax Period

2025-01-01 to 2025-12-31

Springfield Firefighters Credit Union, founded in 1938, is a small nonprofit that reported $155K in total revenue in fiscal year 2018. Net assets of $493K represent 38 months of operating reserves.

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.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,077

Investment Income $101,020

Other Revenue $0

TOTAL REVENUE $192,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Other Expenses $161,249

TOTAL EXPENSES $191,249

Year-over-Year Comparison

	2025	2024	Change
Revenue	$192,097	$162,196	+0.2%
Expenses	$191,249	$161,314	+0.2%
Net Income	$848	$882	0.0%

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

N/A

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

$30,000

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY GIRDER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ED CANNY	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSH BANKS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL WALTER	TREASURER/MANAGER	15.00	Officer Director	$30,000	$0	$30,000
VINCENT ZUMMO	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
TONY NAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CORREDATO	DIRECTOR	1.00	Director	$0	$0	$0
JOE SAUCIER	DIRECTOR	1.00	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
2025	$192,097	$191,249	$3,339,289	$848
2024	$162,196	$161,314	$3,343,051	$882
2023	$138,218	$136,658	$3,493,068	$1,560
2022	$111,477	$111,264	$3,828,690	$213
2021	$133,273	$133,123	$3,780,869	$150
2020	$142,157	$140,136	$3,822,072	$2,021
2019	$165,126	$163,143	$3,779,156	$1,983
2018	$154,549	$153,450	$3,727,454	$1,099

SPRINGFIELD FIREFIGHTERS CREDIT UNION