HBI EMPLOYEES CREDIT UNION (EIN 410785958) - 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

1955

Legal Domicile

Principal Officer

KAREN FLEMING

Phone

6512153541

Tax Period

2022-01-01 to 2022-03-31

HBI EMPLOYEES CREDIT UNION, founded in 1955, is a micro nonprofit that reported $62K in total revenue in fiscal year 2021. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 332% operating deficit.

Mission

TO PROMOTE THRIFT AMONG OUR MEMBERS AND CREATE A SOURCE OF CREDIT FOR THEM AT LEGITIMATE RATES OF INTEREST.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $53,269

Investment Income $8,047

Other Revenue $495

TOTAL REVENUE $61,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,186

Fundraising Expenses $0

Other Expenses $218,612

TOTAL EXPENSES $266,798

Year-over-Year Comparison

	2021	2020	Change
Revenue	$61,811	$288,853	-0.8%
Expenses	$266,798	$298,367	-0.1%
Net Income	$-204,987	$-9,514	+20.5%

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

N/A

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

$43,631

Total Directors

$28,035

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FLEMING	PRESIDENT/CE	40.00	Officer Director	$26,350	$1,685	$28,035
THERESA PETERSON	ASSISTANT MA	40.00	Officer	$13,703	$1,893	$15,596
MATT MICHALSKI	CHAIR	0.50	Officer Director	$0	$0	$0
JOHN DEGAN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JEFF FREDRICKSON	DIRECTOR	0.50	Director	$0	$0	$0
BERNADETTE ERDOS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN STACHOWKSI	DIRECTOR	0.50	Director	$0	$0	$0
GLEN REICHOW	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
2022	$61,811	$266,798	No data	$-204,987
2021	$288,853	$298,367	$9,479,385	$-9,514
2020	$277,761	$320,007	$9,744,787	$-42,246
2019	$371,739	$336,116	$8,008,948	$35,623
2018	$367,768	$346,860	$8,049,965	$20,908

HBI EMPLOYEES CREDIT UNION