BLUCURRENT CREDIT UNION (EIN 440444275) - 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

1929

Legal Domicile

Principal Officer

GARY KIRK

Phone

4178871983

Tax Period

2023-01-01 to 2023-12-31

BLUCURRENT CREDIT UNION, founded in 1929, is a mid-sized nonprofit that reported $21.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 17% operating margin.

Mission

COOPERATIVE PROVIDER OF FINANCIAL SERVICES.

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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 $19,964,077

Investment Income $1,711,913

Other Revenue $0

TOTAL REVENUE $21,675,990

Expense Breakdown

Grants Paid $300,819

Salaries & Benefits $6,667,538

Fundraising Expenses $0

Other Expenses $8,121,560

TOTAL EXPENSES $18,077,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,675,990	$18,207,156	+0.2%
Expenses	$18,077,052	$15,073,413	+0.2%
Net Income	$3,598,938	$3,133,743	+0.1%

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

105

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

$1,539,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT ROSE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE MCFARLAND	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
HOWARD HOUSE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JANA SHETLER	DIRECTOR	1.00	Director	$0	$0	$0
RALPH TATE	DIRECTOR	1.00	Director	$0	$0	$0
LISA VANDAVEER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HAVENS	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL PRIFTI	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG TABOR	CEO	40.00	Officer	$269,532	$127,492	$397,024
GARY KIRK	SEVP	40.00	Officer	$177,145	$40,370	$217,515
DEREK WILLIAMS	EVP	40.00	Officer	$150,589	$38,353	$188,942
BRIAN ROY	CLO	40.00	Officer	$133,799	$48,610	$182,409
BRENT DAVIS	SVP OF CONSUMER LENDING	40.00	Officer	$110,197	$49,657	$159,854
LACEY STOMBOLY	CCO	40.00	Officer	$107,896	$30,131	$138,027
JESSE JANTZ	SVP OF INFORMATION SERVICE	40.00	Officer	$106,541	$29,769	$136,310
DEANNA DOWNS	SVP OF MORTGAGE LENDING	40.00	Officer	$100,512	$18,673	$119,185

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	$21,675,990	$18,077,052	$320,940,650	$3,598,938
2022	$18,207,156	$15,073,413	$305,927,504	$3,133,743
2021	$16,978,368	$13,136,443	$274,770,544	$3,841,925
2020	$15,744,753	$12,663,172	$238,083,475	$3,081,581
2019	$14,368,523	$12,579,598	$201,227,445	$1,788,925
2018	$13,587,006	$11,559,389	$185,318,296	$2,027,617

BLUCURRENT CREDIT UNION