BLOOM CREDIT UNION (EIN 381907619) - 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

1951

Legal Domicile

Principal Officer

JOE HEINTSKILL

Phone

6164522161

Tax Period

2024-01-01 to 2024-12-31

BLOOM CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2024. Expenses of $12.5M left a modest 6% 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 $11,091,533

Investment Income $2,099,292

Other Revenue $0

TOTAL REVENUE $13,190,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,866,015

Fundraising Expenses $0

Other Expenses $8,586,242

TOTAL EXPENSES $12,452,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,190,825	$12,667,168	+0.0%
Expenses	$12,452,257	$10,468,944	+0.2%
Net Income	$738,568	$2,198,224	-0.7%

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

$726,404

Total Directors

$7,070

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH HEINTSKILL	CEO	40.00	Officer	$211,562	$21,529	$233,091
ROBERT DRAEGER	CFO	40.00	Officer	$158,892	$16,791	$175,683
BILL SENIURA	Vice President	40.00	Officer	$148,860	$14,527	$163,387
LORI HORNSHAW	Vice President	40.00	Officer	$121,651	$32,592	$154,243
ROXANNE SPECK	Chairman	1.00	Director	$5,764	$0	$5,764
DENNIS BROWN	Treasurer	1.00	Director	$1,306	$0	$1,306
THOMAS TRUSZKOWSKI	Director	1.00	Director	$0	$0	$0
BRIAN BORR	Director	1.00	Director	$0	$0	$0
TODD REMINGA	Director	1.00	Director	$0	$0	$0
MEGHAN KATERBERG	Director	1.00	Director	$0	$0	$0
JASON MILLER	Secretary	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	$13,190,825	$12,452,257	$193,974,507	$738,568
2023	$12,667,168	$10,468,944	$190,623,038	$2,198,224
2022	$10,150,900	$8,699,422	$191,618,992	$1,451,478
2021	$8,391,564	$7,139,831	$189,326,662	$1,251,733
2020	$7,960,128	$7,120,828	$168,894,673	$839,300
2018	$7,006,049	$6,034,540	$138,265,678	$971,509

BLOOM CREDIT UNION