NEW HORIZON CREDIT UNION (EIN 376031101) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Phone

2174314204

Tax Period

2021-01-01 to 2021-12-31

NEW HORIZON CREDIT UNION, founded in 1946, is a small nonprofit in the Public & Societal Benefit sector that reported $643K in total revenue in fiscal year 2021. Expenses of $715K exceeded revenue, resulting in a 11% 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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $563,226

Investment Income $79,966

Other Revenue $0

TOTAL REVENUE $643,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,193

Fundraising Expenses $0

Program Expenses $0

Other Expenses $504,842

TOTAL EXPENSES $715,035

Year-over-Year Comparison

	2021	2020	Change
Revenue	$643,192	$629,667	+0.0%
Expenses	$715,035	$622,470	+0.1%
Net Income	$-71,843	$7,197	-11.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$68,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leesa Hubbard	President/Manager	40	Officer	$68,360	$0	$68,360
Tom Hubbard	Vice Chairman	0	Director	$0	$0	$0
Sherri Phillips	Chairman	0	Director	$0	$0	$0
John Miller	Secretary/Treasurer	0	Director	$0	$0	$0
John Randall	Director	0	Director	$0	$0	$0
Alisha Hernandez	Director	0	Director	$0	$0	$0
Tim Carter	Director	0	Director	$0	$0	$0
Andrea Munoz	Director	0	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
2021	$643,192	$715,035	$15,423,967	$-71,843
2020	$629,667	$622,470	$14,178,905	$7,197
2019	$658,157	$655,157	$12,781,573	$3,000
2018	$566,657	$561,554	$12,581,028	$5,103

NEW HORIZON CREDIT UNION