FIRST CHOICE CREDIT UNION (EIN 391135610) - 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

1967

Legal Domicile

Principal Officer

ROB SCHULZ

Phone

7153878405

Tax Period

2023-01-01 to 2023-12-31

FIRST CHOICE CREDIT UNION, founded in 1967, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 19% operating margin.

Mission

FIRST CHOICE CU IS A NOT-FOR-PROFIT, MEMBER OWNED FINANCIAL ORGANIZATION DEDICATED TO PROVIDING ITS MEMBERS A VARIETY OF FINANCIAL PRODUCTS AND SERVICES IN A PERSONAL AND PROFESSIONAL MANNER AT COMPETITIVE RATES AND MAINTAIN THE CREDIT UNION'S LONG TERM FINANCIAL STABILITY.

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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 $1,188,040

Investment Income $582,027

Other Revenue $0

TOTAL REVENUE $1,770,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $612,944

Fundraising Expenses $0

Other Expenses $820,878

TOTAL EXPENSES $1,433,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,770,067	$1,200,171	+0.5%
Expenses	$1,433,822	$1,172,065	+0.2%
Net Income	$336,245	$28,106	+11.0%

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

$158,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY GRIESER	DIRECTOR	0.63	Director	$0	$0	$0
DEBBIE STANGL	DIRECTOR	0.63	Director	$0	$0	$0
DENNIS KMIEC	CHAIR	0.50	Officer Director	$0	$0	$0
JEAN LAMPI	VICE CHAIR	0.75	Officer Director	$0	$0	$0
KIM FREDERICK	SECRETARY	0.75	Officer Director	$0	$0	$0
BARB HAGBERG	DIRECTOR	0.63	Director	$0	$0	$0
DAN ROSS JR	TREASURER	0.75	Officer Director	$0	$0	$0
ROB SCHULZ	PRESIDENT	40.00	Officer	$60,379	$35,931	$96,310
KEN FORREST	EVP	40.00	Officer	$59,015	$3,228	$62,243

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	$1,770,067	$1,433,822	$43,508,576	$336,245
2022	$1,200,171	$1,172,065	$44,491,609	$28,106
2021	$1,075,198	$1,027,681	$43,452,340	$47,517
2020	$1,349,745	$1,176,078	$41,794,281	$173,667
2019	$1,496,200	$1,153,141	$36,148,148	$343,059
2018	$1,371,464	$1,128,050	$34,096,709	$243,414

FIRST CHOICE CREDIT UNION