HEALTH CARE FAMILY CREDIT UNION (EIN 430959076) - 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

1969

Legal Domicile

Principal Officer

TERRY SUMMERS

Phone

3146455851

Tax Period

2024-01-01 to 2024-12-31

HEALTH CARE FAMILY CREDIT UNION, founded in 1969, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 12% surplus.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBERS/OWNERS, ENHANCING THEIR FINANCIAL WELL-BEING WHILE MAINTAINING THE FINANCIAL STRENGTH OF THE 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 $4,085,474

Investment Income $603,644

Other Revenue $11,564

TOTAL REVENUE $4,700,682

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,257,656

Fundraising Expenses $0

Other Expenses $2,879,392

TOTAL EXPENSES $4,141,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,700,682	$4,258,156	+0.1%
Expenses	$4,141,848	$3,801,744	+0.1%
Net Income	$558,834	$456,412	+0.2%

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

$453,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN KENNEY	CHAIRPERSON	2.00	Director	$0	$0	$0
DEBRA WIERCIAK	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
KATHY STARNES	SECRETARY / TREASURER	2.00	Director	$0	$0	$0
KEITH BOLTON	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT DIELSCHNEIDER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN FENLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
PEGGY TERWELP	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY SUMMERS	PRESIDENT	40.00	Officer	$216,181	$18,624	$234,805
JARROD DEATHERAGE	VICE PRESIDENT-FINANCE	40.00	Officer	$95,233	$12,179	$107,412
SAMUEL DAVIS	VICE PRESIDENT-LENDING	40.00	Officer	$99,689	$12,054	$111,743

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	$4,700,682	$4,141,848	$76,076,699	$558,834
2023	$4,258,156	$3,801,744	$74,415,698	$456,412
2022	$3,780,173	$3,449,830	$78,210,749	$330,343
2021	$3,576,747	$3,072,737	$77,029,841	$504,010
2020	$3,438,875	$3,180,698	$73,202,531	$258,177
2019	$3,877,496	$3,430,642	$64,668,849	$446,854
2018	$3,679,418	$3,211,327	$60,012,157	$468,091

HEALTH CARE FAMILY CREDIT UNION