FORT COMMUNITY CREDIT UNION (EIN 390851648) - 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

1940

Legal Domicile

Principal Officer

SUSAN JOHNSON

Phone

9205637305

Tax Period

2024-01-01 to 2024-12-31

FORT COMMUNITY CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $18.2M left a modest 8% surplus.

Mission

THE PURPOSES OF THIS CREDIT UNION ARE: TO ENCOURAGE THRIFT AMONG ITS MEMBERS; TO CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST; TO PROVIDE AN OPPORTUNITY FOR EACH OF ITS MEMBERS TO IMPROVE THE MEMBER'S RESPECTIVE ECONOMIC AND SOCIAL CONDITIONS; AND TO PERFORM THE FUNCTIONS AND EXERCISE THE POWERS DESIGNATED FOR CREDIT UNIONS UNDER APPLICABLE LAW.

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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 $10,000

Program Service Revenue $17,897,054

Investment Income $1,880,906

Other Revenue $63,969

TOTAL REVENUE $19,851,929

Expense Breakdown

Grants Paid $18,403

Salaries & Benefits $5,565,402

Fundraising Expenses $0

Other Expenses $12,604,988

TOTAL EXPENSES $18,188,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,851,929	$17,157,637	+0.2%
Expenses	$18,188,793	$14,826,272	+0.2%
Net Income	$1,663,136	$2,331,365	-0.3%

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

$931,166

Total Directors

$10,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP RISTOW	CHAIR	1.00	Director	$2,200	$0	$2,200
ERNEST WITZKE	VICE CHAIR	1.00	Director	$2,000	$0	$2,000
COLLIN W STEVENS	SECRETARY	1.00	Director	$1,200	$0	$1,200
MARGARET BARE	TREASURER	1.00	Director	$1,200	$0	$1,200
KIMBERLY HOFFMANN	DIRECTOR	1.00	Director	$1,500	$0	$1,500
ROSALINDA MARTINEZ	DIRECTOR	1.00	Director	$1,500	$0	$1,500
CRAIG NEVERMANN	DIRECTOR	1.00	Director	$1,300	$0	$1,300
SUSAN JOHNSON	CHIEF EXECUTIVE OFFICER	40.00	Officer	$303,350	$49,232	$352,582
JOSHUAH KLINE	CHIEF FINANCIAL OFFICER	40.00	Officer	$122,486	$33,130	$155,616
MEGHAN BERNATH	CHIEF OPERATING OFFICER	40.00	Officer	$122,052	$27,416	$149,468
JEFFREY SCHEUERELL	CHIEF EXPERIENCE OFFICER	40.00	Officer	$112,756	$9,719	$122,475
KEVIN PAYNTER	CHIEF LENDING OFFICER	40.00	Officer	$109,535	$41,490	$151,025
JONI LUNDIN	LEAD COMMERCIAL LENDER	40.00	Highest	$112,011	$16,845	$128,856

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	$19,851,929	$18,188,793	$384,150,598	$1,663,136
2023	$17,157,637	$14,826,272	$361,857,773	$2,331,365
2022	$12,052,203	$11,266,675	$346,847,400	$785,528
2021	$12,826,463	$10,714,046	$350,222,028	$2,112,417
2020	$12,868,876	$10,949,669	$314,376,984	$1,919,207
2019	$12,759,732	$10,221,314	$259,032,231	$2,538,418
2018	$11,383,700	$8,921,650	$242,438,317	$2,462,050

FORT COMMUNITY CREDIT UNION