FARMWAY CREDIT UNION (EIN 480625704) - 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

1950

Legal Domicile

Principal Officer

JOE DENEKE

Phone

7857382224

Tax Period

2024-01-01 to 2024-12-31

FARMWAY CREDIT UNION, founded in 1950, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 10% surplus.

Mission

PROVIDE FINANCIAL SERVICES FOR MUTUAL PURPOSES

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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 $4,722,637

Investment Income $609,224

Other Revenue $0

TOTAL REVENUE $5,331,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,458,836

Fundraising Expenses $0

Program Expenses $4,811,580

Other Expenses $2,352,744

TOTAL EXPENSES $4,811,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,331,861	$4,601,322	+0.2%
Expenses	$4,811,580	$4,112,239	+0.2%
Net Income	$520,281	$489,083	+0.1%

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

$506,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PEROUTEK	VICE-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PAMELA KRIER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KENNETH TOLBERT	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MARK MARZOLF	DIRECTOR	2.00	Director	$0	$0	$0
JONELL SCHENK	DIRECTOR	2.00	Director	$0	$0	$0
JASON CHANCELLOR	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN COCKROFT	DIRECTOR	2.00	Director	$0	$0	$0
DEANNE WINKEL	VICE-PRESIDENT	40.00	Officer	$99,912	$45,664	$145,576
JOSEPH DENEKE	PRESIDENT	40.00	Officer	$155,111	$51,456	$206,567
JEFF ZIMMER	VICE-PRESIDENT	40.00	Officer	$112,512	$41,738	$154,250

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	$5,331,861	$4,811,580	$100,342,860	$520,281
2023	$4,601,322	$4,112,239	$98,312,879	$489,083
2022	$4,116,398	$3,705,068	$103,882,663	$411,330
2021	$3,566,846	$3,804,005	$101,938,981	$-237,159
2020	$4,175,524	$4,062,185	$96,174,023	$113,339
2019	$4,291,438	$3,953,040	$88,792,238	$338,398
2018	$4,086,413	$3,608,610	$89,032,982	$477,803

FARMWAY CREDIT UNION