COMMUNITY FIRST CREDIT UNION (EIN 436030489) - 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

1952

Legal Domicile

Principal Officer

NATHAN HATHAWAY

Phone

5732482569

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FIRST CREDIT UNION, founded in 1952, is a small nonprofit that reported $413K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $395K left a modest 4% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $387,243

Investment Income $25,464

Other Revenue $0

TOTAL REVENUE $412,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,088

Fundraising Expenses $0

Other Expenses $286,438

TOTAL EXPENSES $394,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,707	$331,311	+0.2%
Expenses	$394,526	$320,583	+0.2%
Net Income	$18,181	$10,728	+0.7%

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

$23,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BAXTER	CHAIRPERSON	1.00	Director	$0	$0	$0
BILL FISHER	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JANET GROENDA	SECRETARY	1.00	Director	$0	$0	$0
TOM RICHMOND	TREASURER	1.00	Director	$0	$0	$0
LACIE CRABILL	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN DWIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
TINA LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA BOWDISH	MANAGER (THROUGH 12/31/2023)	25.00	Officer	$23,269	$0	$23,269

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	No data	No data	No data	No data
2023	$412,707	$394,526	$8,285,158	$18,181
2022	$331,311	$320,583	$8,166,806	$10,728
2021	$291,240	$248,766	$7,339,315	$42,474
2020	$259,513	$229,830	$6,839,423	$29,683
2019	$263,106	$248,704	$5,877,440	$14,402
2018	$267,615	$247,332	$5,984,516	$20,283

COMMUNITY FIRST CREDIT UNION