FREEDOM COMMUNITY CREDIT UNION (EIN 450273190) - 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

JIM SCHAEFBAUER

Phone

7012320828

Tax Period

2023-01-01 to 2023-12-31

FREEDOM COMMUNITY CREDIT UNION, founded in 1954, is a small nonprofit that reported $856K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 29% operating deficit.

Mission

CREDIT UNION 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 $683,002

Investment Income $172,645

Other Revenue $0

TOTAL REVENUE $855,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,589

Fundraising Expenses $0

Program Expenses $1,104,328

Other Expenses $744,739

TOTAL EXPENSES $1,104,328

Year-over-Year Comparison

	2023	2022	Change
Revenue	$855,647	$761,883	+0.1%
Expenses	$1,104,328	$794,458	+0.4%
Net Income	$-248,681	$-32,575	+6.6%

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

$98,523

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BRUMMER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBBI FOSS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRENT EHRICHS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY HAGEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$98,523	$0	$98,523

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
2023	$855,647	$1,104,328	No data	$-248,681
2022	$761,883	$794,458	$31,442,251	$-32,575
2021	$809,590	$735,626	$31,829,663	$73,964
2020	$920,756	$806,601	$30,101,322	$114,155
2019	$981,566	$802,131	$26,936,119	$179,435
2018	$1,143,110	$1,048,286	$27,043,043	$94,824

FREEDOM COMMUNITY CREDIT UNION