ELECTRICAL WORKERS LOCAL 58 CREDIT UNION (EIN 381532613) - 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

1955

Legal Domicile

Principal Officer

JESSICA FOX

Phone

3139636060

Tax Period

2024-01-01 to 2024-12-31

ELECTRICAL WORKERS LOCAL 58 CREDIT UNION, founded in 1955, is a small nonprofit that reported $806K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 19% operating margin.

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 $387,361

Investment Income $418,828

Other Revenue $0

TOTAL REVENUE $806,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,757

Fundraising Expenses $0

Other Expenses $436,412

TOTAL EXPENSES $655,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$806,189	$594,495	+0.4%
Expenses	$655,169	$485,614	+0.3%
Net Income	$151,020	$108,881	+0.4%

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

$140,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA FOX	CEO	40.00	Officer	$116,498	$24,278	$140,776
WARREN COKLOW	Director	1.00	Director	$0	$0	$0
RIC PREUSS	Director	1.00	Director	$0	$0	$0
MARI LOCKMAN-DIAMOND	Director	1.00	Director	$0	$0	$0
MARCY MOULIOS	Secretary	1.00	Director	$0	$0	$0
RICHARD LOCKMAN	Director	1.00	Director	$0	$0	$0
MICHAEL COACH	Treasurer	1.00	Director	$0	$0	$0
THOMAS WEERTZ	Chairman	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	$806,189	$655,169	$20,582,920	$151,020
2023	$594,495	$485,614	$19,797,590	$108,881
2022	$471,202	$447,338	$19,588,980	$23,864
2021	$467,567	$409,932	$19,841,127	$57,635
2020	$526,430	$428,223	$17,817,125	$98,207
2019	$526,540	$411,023	$14,912,481	$115,517
2018	$485,051	$394,584	$14,709,208	$90,467

ELECTRICAL WORKERS LOCAL 58 CREDIT UNION