FOUNDATION CREDIT UNION (EIN 440444355) - 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

1933

Legal Domicile

Principal Officer

STEPHANIE THOMAS

Phone

4178952770

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION CREDIT UNION, founded in 1933, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 6% surplus.

Mission

TO BE THE TRUSTED PROVIDER OF QUALITY FINANCIAL SERVICES THAT ARE ECONOMICALLY COMPETITIVE, WHILE STAYING COMMITTED TO ENHANCING THE FINANCIAL WELL-BEING OF OUR MEMBERS.

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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 $3,117,980

Investment Income $281,743

Other Revenue $5,397

TOTAL REVENUE $3,405,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $825,928

Fundraising Expenses $0

Other Expenses $2,386,461

TOTAL EXPENSES $3,212,389

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,405,120	$2,883,201	+0.2%
Expenses	$3,212,389	$2,759,903	+0.2%
Net Income	$192,731	$123,298	+0.6%

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

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

$177,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT FORBES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRYSTA FORREST	CHAIRMAN	1.00	Director	$0	$0	$0
AMBER SALSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAYTON ALLISON	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
JAMES ARNOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE THOMAS	CEO/PRESIDENT	40.00	Officer	$163,378	$14,163	$177,541

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	$3,405,120	$3,212,389	$68,300,825	$192,731
2023	$2,883,201	$2,759,903	$71,528,022	$123,298
2022	$2,698,734	$2,265,788	$75,745,911	$432,946
2021	$2,280,758	$1,896,834	$74,462,485	$383,924
2020	$2,063,818	$1,867,434	$66,261,166	$196,384
2019	$2,059,511	$1,931,481	$64,428,190	$128,030
2018	$2,005,667	$1,946,079	$58,342,986	$59,588

FOUNDATION CREDIT UNION