GREATER COMMUNITY CREDIT UNION (EIN 416030714) - 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

JOHN NEVINS

Phone

3207692908

Tax Period

2023-01-01 to 2023-12-31

GREATER COMMUNITY CREDIT UNION, founded in 1961, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 40% operating margin.

Mission

OUR MISSION IS TO BE A LEADER IN THE COMMUNITY, WHILE BEING THE PRIMARY FINANCIAL INSTITUTION OF OUR MEMBERS. GREATER COMMUNITY CREDIT UNION OFFERS OUR MEMBERSHIP HIGH QUALITY, LOW COST SERVICES.

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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 $8,621,378

Investment Income $3,973,954

Other Revenue $19,025

TOTAL REVENUE $12,614,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,989,290

Fundraising Expenses $0

Other Expenses $1,811,398

TOTAL EXPENSES $7,568,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,614,357	$8,742,446	+0.4%
Expenses	$7,568,420	$4,972,755	+0.5%
Net Income	$5,045,937	$3,769,691	+0.3%

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

$205,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NEVINS	MANAGER	40.00	Officer	$166,860	$39,126	$205,986
BETTY ADELMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DOVE	DIRECTOR	1.00	Director	$0	$0	$0
SHANE FITZNER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY FJERKENSTAD	V. CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANN JENSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCKEEVER	TREASURER	1.00	Officer Director	$0	$0	$0
JERRY NUSS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZASKE	CHAIRMAN	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$12,614,357	$7,568,420	$261,726,020	$5,045,937
2022	$8,742,446	$4,972,755	$274,484,822	$3,769,691
2021	$8,484,889	$4,711,541	$264,060,275	$3,773,348
2020	$8,118,714	$5,159,757	$214,881,428	$2,958,957
2019	$8,076,248	$4,907,490	$185,793,629	$3,168,758
2018	$7,456,508	$4,171,771	$167,259,768	$3,284,737

GREATER COMMUNITY CREDIT UNION