THE HUB-CO CREDIT UNION (EIN 426060491) - 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

1938

Legal Domicile

Principal Officer

HAROLD PETERSON

Phone

3195248133

Tax Period

2022-01-01 to 2022-12-31

THE HUB-CO CREDIT UNION, founded in 1938, is a small nonprofit that reported $532K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $648K exceeded revenue, resulting in a 22% 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $401,514

Investment Income $127,078

Other Revenue $3,105

TOTAL REVENUE $531,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,525

Fundraising Expenses $0

Program Expenses $648,203

Other Expenses $453,678

TOTAL EXPENSES $648,203

Year-over-Year Comparison

	2022	2021	Change
Revenue	$531,697	$617,476	-0.1%
Expenses	$648,203	$516,109	+0.3%
Net Income	$-116,506	$101,367	-2.1%

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

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
EDWARD BAZOW	VICE CHAIR	N/A	Officer	$0	$0	$0
ROGER BRYANT	CHAIR	N/A	Officer	$0	$0	$0
TED ELTING	BOARD MEMBER	N/A	Officer	$0	$0	$0
MIKE GLASSCOCK	BOARD MEMBER	N/A	Officer	$0	$0	$0
ANGELA GLOVER	AUDIT COMMIT	N/A	Officer	$0	$0	$0
JOHN MICKELSON	CFO	N/A	Officer	$0	$0	$0
HAROLD PETERSON	SECRETARY AN	N/A	Officer	$0	$0	$0
KIMBERLY ROBERTS	BOARD MEMBER	N/A	Officer	$0	$0	$0
ARTHUR SELLERS	BOARD MEMBER	N/A	Officer	$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	$531,697	$648,203	No data	$-116,506
2021	$617,476	$516,109	$22,783,203	$101,367
2020	$683,898	$612,284	$20,917,007	$71,614
2019	$748,800	$629,023	$18,300,436	$119,777
2018	$686,285	$764,501	$18,348,865	$-78,216

THE HUB-CO CREDIT UNION