PATRIOT CREDIT UNION (EIN 436034939) - 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

1958

Legal Domicile

Principal Officer

PETER ERBE

Phone

3148926325

Tax Period

2023-01-01 to 2023-12-31

PATRIOT CREDIT UNION, founded in 1958, is a small nonprofit that reported $670K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 29% operating margin.

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 $609,195

Investment Income $61,059

Other Revenue $0

TOTAL REVENUE $670,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,518

Fundraising Expenses $0

Other Expenses $296,886

TOTAL EXPENSES $475,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$670,254	$490,910	+0.4%
Expenses	$475,404	$453,330	+0.0%
Net Income	$194,850	$37,580	+4.2%

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

$99,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY RASURE	PRESIDENT	1.00	Director	$0	$0	$0
NANCEE ZIMMERS	VICE PRESIDENT	1.00	Director	$0	$0	$0
AL MILNER	TREASURER	1.00	Director	$0	$0	$0
JOE LAMPERT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BEFFA	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TOUZINSKY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SCHUMM	DIRECTOR	1.00	Director	$0	$0	$0
PETER ERBE	MANAGER	59.00	Officer	$88,111	$11,878	$99,989

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	$670,254	$475,404	$15,527,134	$194,850
2022	$490,910	$453,330	$14,669,839	$37,580
2021	$470,730	$435,955	$13,796,960	$34,775
2020	$443,233	$374,258	$11,644,345	$68,975
2019	$476,805	$417,677	$10,391,994	$59,128
2018	$404,179	$383,867	$9,875,370	$20,312

PATRIOT CREDIT UNION