RELIANCE CREDIT UNION (EIN 480466445) - 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

1931

Legal Domicile

Principal Officer

KENNETH ARMSTRONG

Phone

9135652506

Tax Period

2025-01-01 to 2025-12-31

RELIANCE CREDIT UNION, founded in 1931, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $332K, a strong 27% 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 $1,003,421

Investment Income $226,268

Other Revenue $5,417

TOTAL REVENUE $1,235,106

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $403,442

Fundraising Expenses $0

Other Expenses $491,859

TOTAL EXPENSES $902,801

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,235,106	$1,095,946	+0.1%
Expenses	$902,801	$953,150	-0.1%
Net Income	$332,305	$142,796	+1.3%

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

$145,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA GILBERT	CHAIRPERSON	2.00	Director	$0	$0	$0
MICHAEL ANAYA	VICE CHAIRPERSON	2.00	Director	$0	$0	$0
MATT KRIEG	TREASURER	2.00	Director	$0	$0	$0
JERRY SCHRICK	SECRETARY	2.00	Director	$0	$0	$0
MARK GLASPIE	DIRECTOR	2.00	Director	$0	$0	$0
CATHIE MCALLISTER	DIRECTOR	2.00	Director	$0	$0	$0
DIANE HUDSON-HOCH	DIRECTOR	2.00	Director	$0	$0	$0
TODD JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH ARMSTRONG	PRESIDENT/CEO	50.00	Officer	$130,115	$15,598	$145,713

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	$1,235,106	$902,801	$25,595,769	$332,305
2024	$1,095,946	$953,150	$25,177,105	$142,796
2023	$990,159	$984,010	$27,551,048	$6,149
2022	$877,431	$926,789	$29,356,159	$-49,358
2021	$830,818	$846,587	$28,582,864	$-15,769
2020	$996,595	$1,041,277	$27,122,709	$-44,682
2019	$1,178,078	$1,245,130	$24,871,799	$-67,052
2018	$1,274,131	$1,573,839	$24,947,309	$-299,708

RELIANCE CREDIT UNION