1ST COMMUNITY CREDIT UNION (EIN 396049882) - 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

1961

Legal Domicile

Principal Officer

WENDY SWANSON

Phone

6082698121

Tax Period

2024-01-01 to 2024-12-31

1ST COMMUNITY CREDIT UNION, founded in 1961, is a mid-sized nonprofit that reported $17.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $15.4M left a modest 12% surplus.

Mission

STATE CHARTERED CREDIT UNION

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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 $14,384,690

Investment Income $3,129,789

Other Revenue $0

TOTAL REVENUE $17,514,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,815,381

Fundraising Expenses $0

Other Expenses $5,616,668

TOTAL EXPENSES $15,405,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,514,479	$14,529,943	+0.2%
Expenses	$15,405,124	$13,383,817	+0.2%
Net Income	$2,109,355	$1,146,126	+0.8%

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

$1,002,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY WHITEHEAD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DOUGLAS ALLEN	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LINDSAY PRESTON	SECRETARY	1.00	Officer Director	$0	$0	$0
PHIL YAHNKE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE ROESKE	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE SWEET	DIRECTOR	1.00	Director	$0	$0	$0
BRAD BAUGES	PRESIDENT/CEO	40.00	Officer	$275,996	$15,807	$291,803
KRISTA WILSON	VP OF LENDING	40.00	Officer	$123,692	$7,627	$131,319
SANDRA ANDERSON	VP HUMAN RESOURCE	40.00	Officer	$125,852	$7,728	$133,580
WENDY SWANSON	VP OF FINANCE	40.00	Officer	$125,830	$7,522	$133,352
DIANA MACK	VP OPERATONS	40.00	Officer	$120,589	$7,188	$127,777
MIKE LORENZ	VP MEMBER EXPERIENCE	40.00	Officer	$104,342	$6,607	$110,949
JON COOK	VP MARKETING	40.00	Officer	$68,400	$5,067	$73,467

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
2025	No data	No data	No data	No data
2024	$17,514,479	$15,405,124	$266,506,560	$2,109,355
2023	$14,529,943	$13,383,817	$274,070,581	$1,146,126
2022	$10,965,703	$10,106,697	$254,992,758	$859,006
2021	$10,243,774	$8,942,492	$223,297,257	$1,301,282
2020	$9,246,293	$8,328,445	$205,616,019	$917,848
2019	$8,954,959	$7,527,599	$169,733,263	$1,427,360
2018	$8,058,897	$6,774,259	$169,904,232	$1,284,638

1ST COMMUNITY CREDIT UNION