Universal Credit Union (EIN 480623553) - 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

Laura Kelly

Phone

6203316320

Tax Period

2021-01-01 to 2021-12-31

Universal Credit Union, founded in 1935, is a micro nonprofit that reported $46K in total revenue in fiscal year 2021. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $353K represent 92 months of operating reserves.

Mission

TO PROVIDE HIGH QUALITY FINANCIAL SERVICES FOR OUR MEMBER/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 $42,101

Investment Income $3,787

Other Revenue $0

TOTAL REVENUE $45,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,311

Fundraising Expenses $0

Program Expenses $0

Other Expenses $26,005

TOTAL EXPENSES $49,316

Year-over-Year Comparison

	2021	2020	Change
Revenue	$45,888	$58,417	-0.2%
Expenses	$49,316	$73,036	-0.3%
Net Income	$-3,428	$-14,619	-0.8%

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
LAURA KELLER	MANAGER	20	Highest	$16,154	$0	$16,154
DAVID HENDERSON	VICE CHAIR	3	Director	$0	$0	$0
DANIEL HERNANDEZ	TREASURER	3	Director	$0	$0	$0
VERNON SHAFFER JR	CHAIRPERSON	3	Director	$0	$0	$0
KIM BOORIGIE	SECRETARY	3	Director	$0	$0	$0
KERRY BRIGHT	DIRECTOR	3	Director	$0	$0	$0
WILLIAM REYNOLDS	DIRECTOR	3	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
2021	$45,888	$49,316	$1,188,909	$-3,428
2020	$58,417	$73,036	$1,158,238	$-14,619
2019	$61,383	$55,787	$1,004,277	$5,596
2018	$50,475	$43,285	$978,553	$7,190

Universal Credit Union