WATERLOO FIREMAN'S CREDIT UNION (EIN 420742939) - 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

1933

Legal Domicile

Principal Officer

CHRIS LINDER

Phone

3192363803

Tax Period

2023-01-01 to 2023-12-31

WATERLOO FIREMAN'S CREDIT UNION, founded in 1933, is a small nonprofit that reported $109K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 16% operating margin.

Mission

CREDIT UNIONS CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $107,221

Other Revenue $1,924

TOTAL REVENUE $109,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,514

Fundraising Expenses $0

Other Expenses $59,713

TOTAL EXPENSES $91,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,145	$80,385	+0.4%
Expenses	$91,227	$69,782	+0.3%
Net Income	$17,918	$10,603	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS LINDER	PRESIDENT	N/A	Director	$0	$0	$0
ANTHONY MCGRANE	SECRETARY	N/A	Director	$0	$0	$0
BEN WEBER	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2023	$109,145	$91,227	$2,889,551	$17,918
2022	$80,385	$69,782	$3,055,264	$10,603
2021	$70,483	$64,719	$2,763,835	$5,764
2020	$66,996	$63,633	$2,676,679	$3,363
2019	$63,078	$59,294	$2,205,661	$3,784
2018	$51,533	$49,269	$2,192,298	$2,264

WATERLOO FIREMAN'S CREDIT UNION