AREA EDUCATIONAL CREDIT UNION (EIN 370902576) - 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

1960

Legal Domicile

Principal Officer

KERRY FEARN

Phone

2172347817

Tax Period

2024-01-01 to 2024-12-31

AREA EDUCATIONAL CREDIT UNION, founded in 1960, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $216K, a strong 15% operating margin.

Mission

TO ASSIST OUR MEMBERS IN THE MANAGEMENT OF THEIR FINANCIAL WELL-BEING BY PROVIDING LOANS, SAVING 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $770,292

Investment Income $628,090

Other Revenue $0

TOTAL REVENUE $1,398,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,300

Fundraising Expenses $0

Other Expenses $838,550

TOTAL EXPENSES $1,182,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,398,382	$1,134,201	+0.2%
Expenses	$1,182,850	$880,576	+0.3%
Net Income	$215,532	$253,625	-0.2%

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

$150,080

Total Directors

$150,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY FEARN	PRESIDENT	50.00	Officer Director	$118,736	$31,344	$150,080
J MICHAEL COFFMAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEREMY DOUGHTY	DIRECTOR	1.00	Officer Director	$0	$0	$0
AMANDA GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN KAYE HONN	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRENDA JONES	DIRECTOR	1.00	Director	$0	$0	$0
SUE MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRAD OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT RHINE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M SWICK	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	No data	No data	No data	No data
2024	$1,398,382	$1,182,850	$30,134,616	$215,532
2023	$1,134,201	$880,576	$29,898,349	$253,625
2022	$826,149	$689,539	$30,694,267	$136,610
2021	$588,144	$554,120	$30,341,068	$34,024
2020	$707,980	$648,986	$27,931,090	$58,994
2019	$776,092	$627,485	$25,032,872	$148,607
2018	$655,418	$567,021	$25,082,585	$88,397

AREA EDUCATIONAL CREDIT UNION