FARMERS CREDIT UNION (EIN 480586507) - 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

1953

Legal Domicile

Principal Officer

DANIEL SPRINGER

Phone

7856252427

Tax Period

2022-01-01 to 2022-05-31

FARMERS CREDIT UNION, founded in 1953, is a small nonprofit that reported $208K in total revenue in fiscal year 2021. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $188K left a modest 10% surplus.

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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $191,134

Investment Income $16,960

Other Revenue $0

TOTAL REVENUE $208,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,658

Fundraising Expenses $0

Other Expenses $101,203

TOTAL EXPENSES $187,861

Year-over-Year Comparison

	2021	2020	Change
Revenue	$208,094	$451,831	-0.5%
Expenses	$187,861	$554,820	-0.7%
Net Income	$20,233	$-102,989	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREN WALTERS	CHAIRMAN	1.00	Director	$0	$0	$0
BRIAN MEDER	VICE CHAIRMAN	1.00	Director	$0	$0	$0
PAUL PHILLIPS	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
MELVIN EHRLICH	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN ROTH	BOARD MEMBER	1.00	Director	$0	$0	$0

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
2022	$208,094	$187,861	No data	$20,233
2021	$451,831	$554,820	$17,150,778	$-102,989
2020	$423,016	$448,889	$16,581,198	$-25,873
2019	$493,386	$415,872	$14,384,926	$77,514
2018	$436,567	$396,138	$13,139,846	$40,429

FARMERS CREDIT UNION