HORIZON CREDIT UNION (EIN 436036048) - 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

1954

Legal Domicile

Principal Officer

KAY LUCAS

Phone

6603858205

Tax Period

2025-01-01 to 2025-12-31

HORIZON CREDIT UNION, founded in 1954, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2025. Expenses of $3.0M left a modest 14% 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,062,758

Investment Income $430,534

Other Revenue $16,539

TOTAL REVENUE $3,509,831

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $1,192,072

Fundraising Expenses $0

Other Expenses $1,835,162

TOTAL EXPENSES $3,032,234

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,509,831	$3,285,677	+0.1%
Expenses	$3,032,234	$3,105,974	0.0%
Net Income	$477,597	$179,703	+1.7%

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

$118,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS FESSLER	CHAIRMAN	1.00	Director	$0	$0	$0
LARRY MURDOCK	VICE CHAIRMAN	1.00	Director	$0	$0	$0
BRYAN MOOTS	SECRETARY	1.00	Director	$0	$0	$0
CARLA HOWARD	TREASURER	1.00	Director	$0	$0	$0
BRIAN ANDERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY LUCAS	PRESIDENT	55.00	Officer	$93,971	$24,508	$118,479

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
2025	$3,509,831	$3,032,234	$57,159,787	$477,597
2024	No data	No data	No data	No data
2023	$2,869,010	$2,575,511	$56,157,252	$293,499
2022	$2,369,176	$1,959,872	$51,915,155	$409,304
2021	$2,018,573	$1,840,427	$50,769,173	$178,146
2020	$1,900,814	$1,788,191	$43,520,473	$112,623
2019	$1,925,825	$1,832,050	$34,963,331	$93,775
2018	$1,925,803	$1,506,266	$31,798,643	$419,537

HORIZON CREDIT UNION