UNITED LABOR CREDIT UNION (EIN 431443788) - 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

1987

Legal Domicile

Principal Officer

TIM VOGLER

Phone

8163132848

Tax Period

2024-01-01 to 2024-12-31

UNITED LABOR CREDIT UNION, founded in 1987, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 12% surplus.

Mission

TO IMPROVE THE FINANCIAL LIVES OF UNION MEMBERS AND THEIR FAMILIES

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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 $1,166,394

Investment Income $230,934

Other Revenue $3,783

TOTAL REVENUE $1,401,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $555,603

Fundraising Expenses $0

Other Expenses $679,952

TOTAL EXPENSES $1,235,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,401,111	$1,234,690	+0.1%
Expenses	$1,235,555	$1,075,805	+0.1%
Net Income	$165,556	$158,885	+0.0%

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

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

$142,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BYNUM	CHAIRMAN	1.00	Director	$0	$0	$0
ALLEN JAY LIND	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JASON MENDENHALL	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
NIGEL BAYLESS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH FUENTES	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HENDRICKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM VOGLER	PRESIDENT	40.00	Officer	$118,072	$24,307	$142,379

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	$1,401,111	$1,235,555	$18,699,931	$165,556
2023	$1,234,690	$1,075,805	$18,680,427	$158,885
2022	$931,977	$978,876	$17,798,545	$-46,899
2021	$852,586	$902,360	$18,221,258	$-49,774
2020	$931,068	$909,255	$17,516,760	$21,813
2019	$971,075	$887,924	$15,674,497	$83,151
2018	$923,279	$973,007	$14,342,427	$-49,728

UNITED LABOR CREDIT UNION