COMPASS CREDIT UNION (EIN 381678297) - 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

1956

Legal Domicile

Principal Officer

ERIKA K GARRISON

Phone

6168878262

Tax Period

2023-01-01 to 2023-12-31

COMPASS CREDIT UNION, founded in 1956, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 11% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,393,147

Investment Income $804,655

Other Revenue $0

TOTAL REVENUE $5,197,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,584,645

Fundraising Expenses $0

Other Expenses $4,192,117

TOTAL EXPENSES $5,776,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,197,802	$4,649,637	+0.1%
Expenses	$5,776,762	$3,858,717	+0.5%
Net Income	$-578,960	$790,920	-1.7%

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

$215,868

Total Directors

$215,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIKA GARRISON	CEO	40.00	Officer Director	$196,506	$19,362	$215,868
MICHAEL MAUER	Director	1.00	Director	$0	$0	$0
WILLIAM MONTGOMERY	Chairman	1.00	Director	$0	$0	$0
CHARLES MEEK	Secretary	1.00	Director	$0	$0	$0
JEFF SOULES	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	No data	No data	No data	No data
2023	$5,197,802	$5,776,762	$93,725,032	$-578,960
2022	$4,649,637	$3,858,717	$93,588,462	$790,920
2021	$3,868,845	$3,339,975	$89,270,682	$528,870
2020	$3,652,692	$3,157,164	$80,206,151	$495,528
2019	$3,591,350	$3,041,806	$64,814,708	$549,544

COMPASS CREDIT UNION