TEAMSTERS LOCAL 238 CREDIT UNION (EIN 420785140) - 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

1956

Legal Domicile

Principal Officer

ERIC SORENSEN

Phone

3193638247

Tax Period

2025-01-01 to 2025-12-31

TEAMSTERS LOCAL 238 CREDIT UNION, founded in 1956, is a small nonprofit that reported $424K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $239,745

Investment Income $184,524

Other Revenue $0

TOTAL REVENUE $424,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,234

Fundraising Expenses $0

Other Expenses $246,680

TOTAL EXPENSES $443,914

Year-over-Year Comparison

	2025	2024	Change
Revenue	$424,269	$386,127	+0.1%
Expenses	$443,914	$405,798	+0.1%
Net Income	$-19,645	$-19,671	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ELLIOTT	Director	0.25	Director	$0	$0	$0
GREG HEARNS	Director	0.25	Director	$0	$0	$0
KELLY HUNT	Director	0.25	Director	$0	$0	$0
ZACH PETERSEN	Director	0.25	Director	$0	$0	$0
BRIAN SIMPSON	Director	0.25	Director	$0	$0	$0
DAVE WALTER	Director	0.25	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	$424,269	$443,914	$7,640,504	$-19,645
2024	No data	No data	No data	No data
2023	$302,429	$503,332	$8,222,726	$-200,903
2022	$240,615	$414,553	$9,805,631	$-173,938
2021	$300,035	$391,459	$10,015,103	$-91,424
2020	$356,536	$349,231	$11,670,966	$7,305
2019	$393,367	$354,475	$8,417,484	$38,892
2018	$372,266	$362,499	$8,623,148	$9,767

TEAMSTERS LOCAL 238 CREDIT UNION