AFFINITY 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

1949

Legal Domicile

Principal Officer

JEREMY SMITH

Phone

5152887225

Tax Period

2024-01-01 to 2024-12-31

AFFINITY CREDIT UNION, founded in 1949, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $9.5M left a modest 12% surplus.

Mission

BUILDING BETTER LIVES BY WORKING IN YOUR BEST INTEREST, TO SIMPLIFY YOUR LIFE, PROVIDE SOLUTIONS TO HELP YOU ACHIEVE FINANCIAL SUCCESS AND ENRICH OUR COMMUNITIES.

Program Service Accomplishments

Program 1

AFFINITY CREDIT UNION PROVIDES A WIDE VARIETY OF SERVICES TO ITS MEMBERS INCLUDING ECONOMICAL SAVINGS, CHECKING AND OTHER DEPOSIT SERVICES IN ADDITION TO CONSUMER, REAL ESTATE, AND BUSINESS LOANS...

AFFINITY CREDIT UNION PROVIDES A WIDE VARIETY OF SERVICES TO ITS MEMBERS INCLUDING ECONOMICAL SAVINGS, CHECKING AND OTHER DEPOSIT SERVICES IN ADDITION TO CONSUMER, REAL ESTATE, AND BUSINESS LOANS. AFFINITY CREDIT UNION ALSO PROVIDES VARIOUS FINANCIAL ASSISTANCE/EDUCATION FOR MEMBERS OF ALL AGES. AFFINITY SERVED 13,561 MEMBERS IN 2024.

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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 $7,204,500

Investment Income $1,426,436

Other Revenue $2,130,737

TOTAL REVENUE $10,761,673

Expense Breakdown

Grants Paid $98,010

Salaries & Benefits $3,703,239

Fundraising Expenses $0

Other Expenses $4,067,320

TOTAL EXPENSES $9,502,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,761,673	$9,886,518	+0.1%
Expenses	$9,502,972	$8,464,621	+0.1%
Net Income	$1,258,701	$1,421,897	-0.1%

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

$595,831

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ROY PORTER	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES MARTENS	DIRECTOR	1.00	Director	$0	$0	$0
AARON OLSON	DIRECTOR	1.00	Director	$0	$0	$0
CARA HARRIS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ISABELLE HANSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
TERRY JONES	DIRECTOR	1.00	Director	$0	$0	$0
KRIS LAUFER	CMO	50.00	Officer	$162,579	$11,960	$174,539
JEREMY SMITH	CEO	50.00	Officer	$207,635	$27,781	$235,416
CARMEN WOOLEY	CFO	50.00	Officer	$162,920	$22,956	$185,876
BRIAN GOETZINGER	VICE PRESIDENT OF LENDING	50.00	Highest	$177,650	$12,716	$190,366

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	$10,761,673	$9,502,972	$148,645,606	$1,258,701
2023	$9,886,518	$8,464,621	$142,200,244	$1,421,897
2022	$8,183,836	$6,874,857	$144,688,009	$1,308,979
2021	$8,522,326	$6,853,970	$138,929,538	$1,668,356
2020	$8,872,465	$8,028,550	$130,856,026	$843,915
2019	$9,561,894	$8,396,073	$122,310,053	$1,165,821
2018	$8,920,877	$8,506,146	$114,681,211	$414,731