INDEPENDENCE TEACHERS CREDIT UNION (EIN 440651658) - 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

1959

Legal Domicile

Principal Officer

ANGELA COOK

Phone

8165215378

Tax Period

2025-01-01 to 2025-12-31

INDEPENDENCE TEACHERS CREDIT UNION, founded in 1959, is a small nonprofit that reported $667K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $176K, a strong 26% 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $294,929

Investment Income $371,911

Other Revenue $0

TOTAL REVENUE $666,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,601

Fundraising Expenses $0

Other Expenses $329,968

TOTAL EXPENSES $490,569

Year-over-Year Comparison

	2025	2024	Change
Revenue	$666,840	$615,332	+0.1%
Expenses	$490,569	$445,256	+0.1%
Net Income	$176,271	$170,076	+0.0%

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

$66,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM J BROCK	CHAIRMAN	1.00	Director	$0	$0	$0
DONNA LESLIE	SECRETARY	1.00	Director	$0	$0	$0
TIFFANY STEPHENS	TREASURER	1.00	Director	$0	$0	$0
DAVID BROWN	VICE CHAIRMAN/SECURITY OFF	1.00	Director	$0	$0	$0
JASON MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA COOK	PRESIDENT	40.00	Officer	$63,865	$3,090	$66,955

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	$666,840	$490,569	$16,069,980	$176,271
2024	$615,332	$445,256	$15,868,974	$170,076
2023	$463,417	$383,857	$16,063,767	$79,560
2022	$353,814	$257,212	$17,276,723	$96,602
2021	$299,446	$220,273	$16,832,092	$79,173
2020	$335,897	$232,819	$15,736,941	$103,078
2019	$356,006	$233,528	$15,014,209	$122,478
2018	$343,198	$243,663	$15,372,984	$99,535

INDEPENDENCE TEACHERS CREDIT UNION