ENTERPRISE CREDIT UNION (EIN 390652280) - 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

1935

Legal Domicile

Principal Officer

JEFF BASHAW

Phone

2627976260

Tax Period

2024-01-01 to 2024-11-30

ENTERPRISE CREDIT UNION, founded in 1935, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 60% operating deficit.

Mission

A COOPERATIVE, NOT-FOR-PROFIT CORPORATION, INCORPORATED TO ENCOURAGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERSHIP TO IMPROVE THEIR ECONOMIC ANDSOCIAL CONDITIONS.

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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 $1,184,789

Investment Income $341,989

Other Revenue $0

TOTAL REVENUE $1,526,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $570,414

Fundraising Expenses $0

Other Expenses $1,874,507

TOTAL EXPENSES $2,444,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,778	$1,483,950	+0.0%
Expenses	$2,444,921	$1,225,692	+1.0%
Net Income	$-918,143	$258,258	-4.6%

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

$396,908

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY STEINBERGER	CHAIRPERSON	40.00	Officer Director	$0	$0	$0
GEORGE MOORE	VICE CHAIR	40.00	Officer Director	$0	$0	$0
DAVID IRWIN	SECRETARY	40.00	Officer Director	$0	$0	$0
BARBARA JALOSKY	TREASURER	40.00	Officer Director	$0	$0	$0
CHARLIE KELLY	DIRECTOR	40.00	Director	$0	$0	$0
JEFF BASHAW	PRESIDENT/CEO	40.00	Officer	$215,969	$10,952	$226,921
LYNN VOHL	CFO	40.00	Officer	$169,987	$0	$169,987

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	$1,526,778	$2,444,921	No data	$-918,143
2023	$1,483,950	$1,225,692	$33,164,361	$258,258
2022	$1,435,199	$1,111,267	$34,282,099	$323,932
2021	$1,227,785	$1,054,163	$35,476,113	$173,622
2020	$1,218,590	$1,089,301	$32,356,546	$129,289
2019	$1,432,364	$1,260,727	$27,322,606	$171,637
2018	$1,229,916	$1,163,434	$26,228,176	$66,482

ENTERPRISE CREDIT UNION