CATHOLIC FAMILY CREDIT UNION

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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

1957

Legal Domicile

Principal Officer

Mark Heineman

Phone

8164447440

Tax Period

2023-01-01 to 2023-12-31

CATHOLIC FAMILY CREDIT UNION, founded in 1957, is a small nonprofit that reported $759K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $675K left a modest 11% surplus.

Mission

TO PROMOTE THRIFT AND PROVIDE AFFORDABLE ACCESS TO CREDIT FOR PROVIDENT AND PRODUCTIVE PURPOSES WHILE PROVIDING QUALITY FINANCIAL SERVICES TO OUR CATHOLIC COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $573,923 Revenue: $408,751

522100 INTEREST ON LOANS

Program 2

Expenses: $94,528 Revenue: $67,324

522200 TRANSFER PAYMENTS

Program 3

Expenses: $6,752 Revenue: $4,809

524292 OTHER

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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 $480,884

Investment Income $278,214

Other Revenue $0

TOTAL REVENUE $759,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,126

Fundraising Expenses $0

Program Expenses $675,203

Other Expenses $419,078

TOTAL EXPENSES $675,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$759,098	$505,930	+0.5%
Expenses	$675,204	$449,819	+0.5%
Net Income	$83,894	$56,111	+0.5%

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

N/A

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

$78,698

Total Directors