FINANCIAL PLUS CREDIT UNION (EIN 420802188) - 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

1929

Legal Domicile

Principal Officer

DAVE J CALE

Phone

5152241222

Tax Period

2024-01-01 to 2024-12-31

FINANCIAL PLUS CREDIT UNION, founded in 1929, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.0M, a strong 25% operating margin.

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 $9,809,025

Investment Income $1,810,186

Other Revenue $0

TOTAL REVENUE $11,619,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,657,173

TOTAL EXPENSES $8,657,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,619,211	$9,875,904	+0.2%
Expenses	$8,657,173	$6,549,316	+0.3%
Net Income	$2,962,038	$3,326,588	-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

N/A

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
BEV BIERMA	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY DEVINAY	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE DUNLAP	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC HARDING	BOARD MEMBER	1.00	Director	$0	$0	$0
UDELL CASON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL MIELNECZEK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID THARP	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP WILLIAMS	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
2025	No data	No data	No data	No data
2024	$11,619,211	$8,657,173	$218,308,609	$2,962,038
2023	$9,875,904	$6,549,316	$202,041,152	$3,326,588
2022	$7,722,529	$5,827,823	$215,268,890	$1,894,706
2021	$6,306,056	$5,736,742	$218,391,221	$569,314
2020	$5,996,544	$5,564,008	$196,535,004	$432,536
2019	$6,702,125	$5,778,365	$171,961,090	$923,760
2018	$6,280,940	$5,262,620	$171,128,956	$1,018,320

FINANCIAL PLUS CREDIT UNION