TRI-COUNTY CREDIT UNION

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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

1936

Legal Domicile

Principal Officer

RACHEL RAYGO

Phone

7157353913

Tax Period

2020-01-01 to 2020-12-31

TRI-COUNTY CREDIT UNION, founded in 1936, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2020. Revenue decreased 14% compared to the prior year. Net assets of $4.2M represent 45 months of operating reserves.

Mission

TO PROVIDE THE BEST FINANCIAL SERVICES POSSIBLE TO OUR MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 170 NEW DEPOSIT ACCOUNTS IN 2020. AS OF 12/31/20 WE HAD 2,692 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 362 NEW LOANS DURING 2020. AS OF 12/31/20 WE HAD 2,645 TOTAL LOANS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $940,089

Investment Income $160,686

Other Revenue $3,518

TOTAL REVENUE $1,104,293

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $486,219

Fundraising Expenses $0

Other Expenses $618,355

TOTAL EXPENSES $1,106,074

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,104,293	$1,281,672	-0.1%
Expenses	$1,106,074	$1,189,824	-0.1%
Net Income	$-1,781	$91,848	-1.0%

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

$269,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL RAYGO	PRESIDENT	50.00	Officer	$139,576	$19,808	$159,384
PAMELA GROSSCHADLE	VP MEMBER SE	40.00	Officer	$42,917	$14,390	$57,307
DENISE OBERLEITNER	VP LENDING	38.00	Officer	$36,108	$17,167	$53,275
DALLAS BLAIR	CHAIR	1.50	Officer Director	$0	$0	$0
WANDA CARLSON	VICE CHAIR	1.50	Officer Director	$0	$0	$0
IRENE MAYOU	TREASURER	1.50	Officer Director	$0	$0	$0
MAUREEN LANDERMAN	SECRETARY	1.50	Officer Director	$0	$0	$0
JOHN MCCLELLAND	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW HANSON JR	DIRECTOR	0.50	Director	$0	$0	$0
LEONARD ODEA	DIRECTOR	0.50	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
2020	$1,104,293	$1,106,074	$33,468,298	$-1,781
2019	$1,281,672	$1,189,824	$29,163,963	$91,848
2018	$1,221,168	$1,085,807	$28,720,162	$135,361