WEST METRO SCHOOLS CREDIT UNION

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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

1954

Legal Domicile

Principal Officer

CRYSTAL SCHUMAN

Phone

9529884165

Tax Period

2024-01-01 to 2024-12-31

WEST METRO SCHOOLS CREDIT UNION, founded in 1954, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 12% surplus.

Mission

WE ARE A NOT-FOR-PROFIT, MEMBER OWNED AND CONTROLLED FINANCIAL ORGANIZATION. WE PROVIDE FINANCIAL SERVICES AND BUILD LIFE-LONG RELATIONSHIPS WHILE MAINTATING FINANCIAL STABILITY AND SAFEGUARDING MEMBER ASSETS.

Program Service Accomplishments

Program 1

THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 140 NEW DEPOSIT ACCOUNTS IN 2024. AS OF 12/31/24 WE HAD 2,644 MEMBERS.

Program 2

THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 497 NEW LOANS TO MEMBERS DURING 2024. AS OF 12/31/24 WE HAD 1,743 LOANS TO OUR MEMBERS.

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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 $1,806,380

Investment Income $499,973

Other Revenue $3,253

TOTAL REVENUE $2,309,606

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $551,799

Fundraising Expenses $0

Other Expenses $1,477,983

TOTAL EXPENSES $2,035,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,309,606	$1,884,691	+0.2%
Expenses	$2,035,782	$1,602,601	+0.3%
Net Income	$273,824	$282,090	0.0%

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

$172,087

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRYSTAL SCHUMAN	PRESIDENT	40.00	Officer	$140,126	$31,961	$172,087
MARY KAY MYRMEL	CAHIR	2.00	Officer Director	$0	$0	$0
LISA WALKER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BETTY MAGNUSON	SECRETARY	1.50	Officer Director	$0	$0	$0
JOHN TOOP	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS OPITZ	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN LUCK	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$2,309,606	$2,035,782	$40,368,184	$273,824
2023	$1,884,691	$1,602,601	$39,203,569	$282,090
2022	$1,509,319	$1,233,521	$38,718,935	$275,798
2021	$1,454,568	$1,180,736	$38,809,311	$273,832
2020	$1,499,922	$1,206,360	$35,605,213	$293,562
2019	$1,551,731	$1,278,141	$30,501,263	$273,590
2018	$1,333,786	$1,142,034	$29,480,370	$191,752