HOMETOWN CREDIT UNION

EIN: 421103940

OTTUMWA, IA

Total Revenue
$28,787
Total Expenses
$34,472
Total Assets
N/A
Net Assets
N/A
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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
1978
Legal Domicile
IA
Principal Officer
JAMES HOLLE
Phone
7122464449
Tax Period
2022-01-01 to 2022-03-31

HOMETOWN CREDIT UNION, founded in 1978, is a micro nonprofit that reported $29K in total revenue in fiscal year 2021. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 20% 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $28,555
Investment Income $232
Other Revenue $0
TOTAL REVENUE $28,787

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,317
Fundraising Expenses $0
Other Expenses $25,155
TOTAL EXPENSES $34,472

Year-over-Year Comparison

2021 2020 Change
Revenue $28,787 $168,513 -0.8%
Expenses $34,472 $159,641 -0.8%
Net Income $-5,685 $8,872 -1.6%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT APPERSON BOARD MEMBER 0.25
Director
$0 $0 $0
JEANNA CRABS BOARD MEMBER 0.25
Director
$0 $0 $0
ROD RILEY BOARD MEMBER 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
2022 $28,787 $34,472 No data $-5,685
2021 $168,513 $159,641 $2,927,139 $8,872
2020 $159,866 $182,996 $2,859,024 $-23,130
2019 $158,941 $220,370 $2,345,699 $-61,429
2018 $154,263 $130,630 $2,428,771 $23,633
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