PREMIER FINANCIAL CREDIT UNION (EIN 391020437) - 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

1962

Legal Domicile

Principal Officer

BRAD GRANT

Phone

9208984232

Tax Period

2024-01-01 to 2024-12-31

PREMIER FINANCIAL CREDIT UNION, founded in 1962, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 28% operating margin.

Mission

TO PROVIDE IN A SOUND AND BUSINESSLIKE MANNER, FOR OUR FIELD OF MEMBERSHIP,SIMPLE YET FLEXIBLE PROGRAMS TO HELP ACHIEVE A BETTER SOCIAL AND ECONOMIC LIFE FOR MEMBERS AND COMMUNITY, MAINTAINING THE CREDIT UNION'S FRIENDLY MEMBER OWNED PHILOSOPHY.

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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 $4,692,405

Investment Income $1,770,935

Other Revenue $201,246

TOTAL REVENUE $6,664,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,352,929

Fundraising Expenses $0

Other Expenses $2,233,808

TOTAL EXPENSES $4,804,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,664,586	$5,957,275	+0.1%
Expenses	$4,804,725	$4,327,336	+0.1%
Net Income	$1,859,861	$1,629,939	+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

$382,136

Total Directors

$8,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MUELLER	CHAIRPERSON	1.00	Officer Director	$1,275	$0	$1,275
TRE WALDREN	VICE-CHAIRPERSON	1.00	Officer Director	$1,275	$0	$1,275
SANDRA BURG	SECRETARY	1.00	Officer Director	$1,125	$0	$1,125
PHILIP VERGOWE	TREASURER	1.00	Officer Director	$1,200	$0	$1,200
JULIE SCHOENBORN	DIRECTOR	1.00	Director	$1,125	$0	$1,125
AL SCHMITZ	DIRECTOR	1.00	Director	$1,200	$0	$1,200
SHANE PEIK	DIRECTOR	1.00	Director	$1,200	$0	$1,200
BRAD GRANT	PRESIDENT/CEO	40.00	Officer	$169,941	$30,132	$200,073
DIANE RIEDER	VICE PRESIDENT/CFO	40.00	Officer	$154,265	$22,923	$177,188

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	$6,664,586	$4,804,725	$128,936,775	$1,859,861
2023	$5,957,275	$4,327,336	$129,579,825	$1,629,939
2022	$4,403,229	$3,543,470	$134,440,906	$859,759
2021	$3,738,968	$3,343,042	$130,988,713	$395,926
2020	$4,072,204	$3,738,304	$115,172,729	$333,900
2019	$4,237,222	$3,680,968	$98,484,476	$556,254
2018	$3,884,474	$3,459,386	$95,601,899	$425,088

PREMIER FINANCIAL CREDIT UNION