PRIME FINANCIAL CREDIT UNION (EIN 390477300) - 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

1923

Legal Domicile

Principal Officer

CHRISTINE MOCZYNSKI

Phone

4144864500

Tax Period

2023-01-01 to 2023-12-31

PRIME FINANCIAL CREDIT UNION, founded in 1923, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2023. Expenses of $9.0M left a modest 10% surplus.

Mission

PRIME FINANCIAL CREDIT UNION IS DEDICATED TO PROMOTING COMMUNITY DEVELOPMENT AND IMPROVING THE FINANCIAL WELL-BEING OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY PROVIDING PERSONALIZED AND INNOVATIVE FINANCIAL SOLUTIONS.

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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 $712,780

Program Service Revenue $8,412,265

Investment Income $790,391

Other Revenue $16,125

TOTAL REVENUE $9,931,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,307,978

Fundraising Expenses $0

Other Expenses $4,659,587

TOTAL EXPENSES $8,967,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,931,561	$10,039,036	0.0%
Expenses	$8,967,565	$7,893,738	+0.1%
Net Income	$963,996	$2,145,298	-0.6%

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

$220,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BOLTON	CHAIR	1.00	Officer Director	$0	$0	$0
DENNIS DEGRAVE	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY MARTYKA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
JANET CLEARY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PERRY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PECHACEK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MOCZYNSKI	CEO	40.00	Officer	$194,355	$26,191	$220,546
COLLEEN JAKUBOWSKI	COO	40.00	Highest	$121,709	$5,151	$126,860
AMY MILLER	CHIEF EXPERIENCE OFFICER	40.00	Highest	$100,050	$21,356	$121,406

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	$9,931,561	$8,967,565	$149,018,251	$963,996
2022	$10,039,036	$7,893,738	$147,174,712	$2,145,298
2021	$6,962,704	$6,626,539	$141,769,276	$336,165
2020	$6,727,241	$6,589,634	$131,652,247	$137,607
2019	$7,054,850	$6,270,814	$113,060,146	$784,036
2018	$6,445,848	$5,939,758	$109,273,878	$506,090

PRIME FINANCIAL CREDIT UNION