TOWN AND COUNTRY CREDIT UNION (EIN 420664336) - 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

1939

Legal Domicile

Principal Officer

JAMES HOLLE

Phone

6416845448

Tax Period

2024-01-01 to 2024-12-31

TOWN AND COUNTRY CREDIT UNION, founded in 1939, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 65% operating deficit.

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 $1,796,453

Investment Income $195,581

Other Revenue $0

TOTAL REVENUE $1,992,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $789,716

Fundraising Expenses $0

Other Expenses $2,507,058

TOTAL EXPENSES $3,296,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,992,034	$2,494,325	-0.2%
Expenses	$3,296,774	$3,069,532	+0.1%
Net Income	$-1,304,740	$-575,207	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERVAS MGONJA	CEO	45.00	Highest	$127,183	$0	$127,183
RICHARD HASTERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY KNUDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY NORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
LONNIE PITTS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SEIVERT	BOARD MEMBER	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
2024	$1,992,034	$3,296,774	No data	$-1,304,740
2023	$2,494,325	$3,069,532	$34,502,733	$-575,207
2022	$2,117,899	$1,887,208	$37,294,600	$230,691
2021	$1,923,768	$1,792,274	$33,964,038	$131,494
2020	$1,918,834	$1,849,490	$35,716,630	$69,344
2019	$1,931,509	$1,789,346	$32,674,630	$142,163
2018	$1,681,410	$1,563,827	$26,402,525	$117,583

TOWN AND COUNTRY CREDIT UNION