GOVERNMENTAL EMPLOYEES CREDIT UNION (EIN 396049660) - 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

1931

Legal Domicile

Principal Officer

TRAVIS CARLEY

Phone

8886732154

Tax Period

2023-01-01 to 2023-12-31

GOVERNMENTAL EMPLOYEES CREDIT UNION, founded in 1931, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $4.0M left a modest 10% surplus.

Mission

A NONPROFIT MEMBER-OWNED THRIFT INSTITUTION ORGANIZED TO PROVIDE FINANCIAL SERVICES TO INDIVIDUALS.

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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 $4,173,116

Investment Income $204,953

Other Revenue $115

TOTAL REVENUE $4,378,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,213,135

Fundraising Expenses $0

Other Expenses $2,748,803

TOTAL EXPENSES $3,961,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,378,184	$3,521,998	+0.2%
Expenses	$3,961,938	$2,768,375	+0.4%
Net Income	$416,246	$753,623	-0.4%

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

$174,114

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE DELAGRAVE	CHAIR	1.00	Officer Director	$1,200	$0	$1,200
JEFFREY GREENE	VICE-CHAIR	1.00	Officer Director	$1,200	$0	$1,200
SHAWN HANDLAND	TREASURER	1.00	Officer Director	$1,200	$0	$1,200
JAYNE ABRAHAM	SECRETARY	1.00	Officer Director	$1,200	$0	$1,200
THOMAS KRATT	DIRECTOR	1.00	Director	$1,200	$0	$1,200
TRAVIS CARLEY	PRESIDENT	40.00	Officer	$124,534	$44,780	$169,314

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	$4,378,184	$3,961,938	$106,487,744	$416,246
2022	$3,521,998	$2,768,375	$97,792,154	$753,623
2021	$3,469,228	$2,739,892	$93,877,128	$729,336
2020	$3,586,647	$3,171,083	$91,425,034	$415,564
2019	$3,221,649	$2,765,579	$73,583,020	$456,070
2018	$2,938,485	$2,581,102	$69,379,099	$357,383

GOVERNMENTAL EMPLOYEES CREDIT UNION