PEOPLES CHOICE CREDIT UNION (EIN 480174445) - 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

1935

Legal Domicile

Principal Officer

SHELLEY COLE

Phone

6202519280

Tax Period

2024-01-01 to 2024-12-31

PEOPLES CHOICE CREDIT UNION, founded in 1935, is a small nonprofit that reported $378K in total revenue in fiscal year 2024. Net assets of $1.8M represent 57 months of operating reserves.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $277,896

Investment Income $97,765

Other Revenue $2,260

TOTAL REVENUE $377,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,696

Fundraising Expenses $0

Other Expenses $224,713

TOTAL EXPENSES $376,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,921	$365,934	+0.0%
Expenses	$376,409	$320,113	+0.2%
Net Income	$1,512	$45,821	-1.0%

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

$83,747

Total Directors

$23,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP MERRIMAN	CHAIRMAN	1.00	Director	$0	$0	$0
F JAY POWELL	VICE CHAIRMAN	1.00	Director	$0	$0	$0
JEFF JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE MAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH FOSTER	MANAGER/TREASURER (FORMER)	40.00	Officer Director	$19,904	$3,324	$23,228
CATHY JOHNSON	SECRETARY	0.00	Director	$0	$0	$0
SHELLEY COLE	MANAGER/TREASURER (CURRENT	40.00	Officer	$50,621	$9,898	$60,519

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	$377,921	$376,409	$7,122,592	$1,512
2023	$365,934	$320,113	$7,713,881	$45,821
2022	$329,082	$299,998	$7,694,764	$29,084
2021	$315,262	$278,901	$7,771,360	$36,361
2020	$332,035	$287,456	$7,959,184	$44,579
2019	$351,291	$235,503	$6,684,500	$115,788
2018	$335,890	$378,433	$6,814,208	$-42,543

PEOPLES CHOICE CREDIT UNION