GR Consumers Credit Union (EIN 381370948) - 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

1941

Legal Domicile

Principal Officer

TIMOTHY KINDRED

Phone

6165383325

Tax Period

2024-01-01 to 2024-12-31

GR Consumers Credit Union, founded in 1941, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 8% surplus.

Mission

PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS.

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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 $1,980,852

Investment Income $586,649

Other Revenue $0

TOTAL REVENUE $2,567,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $825,346

Fundraising Expenses $0

Other Expenses $1,543,369

TOTAL EXPENSES $2,368,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,567,501	$2,328,980	+0.1%
Expenses	$2,368,715	$2,050,597	+0.2%
Net Income	$198,786	$278,383	-0.3%

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

$197,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY KINDRED	CEO	40.00	Officer	$166,415	$31,313	$197,728
REX WELBON	Chairman	1.00	Director	$0	$0	$0
MARCIE VER BEEK	Director	1.00	Director	$0	$0	$0
DEBRA HINES	Secretary	1.00	Director	$0	$0	$0
KELLY FALCONER	Treasurer	1.00	Director	$0	$0	$0
MICHAEL CARDOSA	Director	1.00	Director	$0	$0	$0
ALFRED VANTVOORT	Director	1.00	Director	$0	$0	$0
JEFFERY HUVAERE	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
2024	$2,567,501	$2,368,715	$49,727,935	$198,786
2023	$2,328,980	$2,050,597	$47,093,914	$278,383
2022	$2,073,782	$1,779,016	$49,222,600	$294,766
2021	$2,051,616	$1,740,124	$49,394,683	$311,492
2020	$1,848,053	$1,766,547	$45,437,721	$81,506
2019	$2,021,367	$1,751,543	$41,177,104	$269,824
2018	$1,913,526	$1,659,923	$39,110,029	$253,603

GR Consumers Credit Union