BRANTWOOD CREDIT UNION (EIN 396050143) - 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

1932

Legal Domicile

Principal Officer

JASON KIVELA

Phone

7155642232

Tax Period

2023-01-01 to 2023-12-31

BRANTWOOD CREDIT UNION, founded in 1932, is a small nonprofit that reported $372K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $417K exceeded revenue, resulting in a 12% operating deficit.

Mission

ORGANIZATION HAS 857 MEMBERS AND HAS FUNDED 470 LOANS WITHING THE LOCAL COMMUNITY.

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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 $352,682

Investment Income $19,095

Other Revenue $0

TOTAL REVENUE $371,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,216

Fundraising Expenses $0

Program Expenses $417,286

Other Expenses $319,070

TOTAL EXPENSES $417,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,777	$333,384	+0.1%
Expenses	$417,286	$339,495	+0.2%
Net Income	$-45,509	$-6,111	+6.4%

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

N/A

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

$53,733

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH HOFFMAN	VICE-CHAIRMAN	0.50	Director	$0	$0	$0
BRADLEY SWENSON	CHAIRMAN	0.50	Director	$0	$0	$0
DIANNA GUSTAFSON	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
KARIN KIVELA	SECRETARY	0.50	Officer Director	$0	$0	$0
JASON KIVELA	PRESIDENT/TREASURER	38.00	Officer	$53,733	$0	$53,733

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	$371,777	$417,286	$6,821,060	$-45,509
2022	$333,384	$339,495	$7,244,704	$-6,111
2021	$299,953	$302,203	$7,246,970	$-2,250
2020	$286,179	$271,130	$6,232,522	$15,049

BRANTWOOD CREDIT UNION