1ST CLASS EXPRESS CREDIT UNION (EIN 390849876) - 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

1932

Legal Domicile

Principal Officer

JACKY LEVERANCE

Phone

2625489328

Tax Period

2023-01-01 to 2023-12-31

1ST CLASS EXPRESS CREDIT UNION, founded in 1932, is a small nonprofit that reported $179K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $169K left a modest 6% surplus.

Mission

TO ENCOURAGE THRIFT AMONG OUR MEMBERS, TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND TO PROVIDE AN OPPORTUNITY FOR EACH OF OUR MEMBERS TO IMPROVE THEIR RESPECTIVE ECONOMIC AND SOCIAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $140,414

Investment Income $31,587

Other Revenue $6,600

TOTAL REVENUE $178,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,794

Fundraising Expenses $0

Other Expenses $103,862

TOTAL EXPENSES $168,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,601	$153,938	+0.2%
Expenses	$168,656	$145,080	+0.2%
Net Income	$9,945	$8,858	+0.1%

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

$49,573

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKY LEVERANCE	PRESIDENT	20.00	Officer	$25,912	$0	$25,912
SUSAN ROSS	VICE PRESIDE	20.00	Officer	$22,200	$1,461	$23,661
CYNTHIA KESSENISH	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES MATHEWS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MORKIN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTINE MILLARD	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL GORZALSKI	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	$178,601	$168,656	$2,559,587	$9,945
2022	$153,938	$145,080	$2,791,879	$8,858
2021	$147,160	$138,177	$3,694,971	$8,983
2020	$184,607	$151,035	$2,760,638	$33,572
2019	$175,938	$140,094	$2,280,890	$35,844
2018	$164,597	$152,488	$2,437,077	$12,109

1ST CLASS EXPRESS CREDIT UNION