FRONTIER COMMUNITY CREDIT UNION

EIN: 480663659

LEAVENWORTH, KS

Total Revenue
$14,398,204
Total Expenses
$15,068,673
Total Assets
$200,933,366
Net Assets
$16,965,077
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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
1954
Legal Domicile
KS
Principal Officer
MICHAEL AUGUSTINE
Phone
9136516575
Tax Period
2024-01-01 to 2024-12-31

FRONTIER COMMUNITY CREDIT UNION, founded in 1954, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

AS A MEMBER OWNED FINANCIAL COOPERATIVE, OUR MISSION IS: TO PROVIDE FINANCIAL PRODUCTS AND SERVICES IN A PROFESSIONAL, FRIENDLY, AND CONVENIENT ATMOSPHERE THROUGH INNOVATION, TECHNOLOGY, AND COST EFFECTIVE PRODUCTS. TO ENCOURAGE AND EDUCATE OUR MEMBERS IN METHODS TO MANAGE AND CONTROL THEIR FINANCIAL WELL BEING. TO APPLY SAFE AND SOUND FINANCIAL MANAGEMENT POLICIES TO ENSURE THE CREDIT UNION'S CONTINUED GROWTH, BY MAINTAINING ADEQUATE OPERATING CONTROLS, CAPITAL RESERVES, AND LIQUIDITY AT ALL TIMES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,175
Program Service Revenue $13,533,115
Investment Income $829,913
Other Revenue $29,001
TOTAL REVENUE $14,398,204

Expense Breakdown

Grants Paid $17,500
Salaries & Benefits $4,223,192
Fundraising Expenses $0
Other Expenses $10,827,981
TOTAL EXPENSES $15,068,673

Year-over-Year Comparison

2024 2023 Change
Revenue $14,398,204 $11,877,062 +0.2%
Expenses $15,068,673 $12,523,760 +0.2%
Net Income $-670,469 $-646,698 +0.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
78
Volunteers
11

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
4
$660,927
Total Directors
7
$321
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HEINEN CHAIRMAN 1.00
Director
$0 $0 $0
DONALD HOMAN SECRETARY/TREASURER 1.00
Director
$0 $321 $321
JUDY GUENTHER DIRECTOR 1.00
Director
$0 $0 $0
CURTIS GILFERT VICE-CHAIRMAN 1.00
Director
$0 $0 $0
JEFF PORTER DIRECTOR 1.00
Director
$0 $0 $0
DAVID NESTER DIRECTOR 1.00
Director
$0 $0 $0
MYRANDA AGNEW DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL AUGUSTINE PRESIDENT/CEO 40.00
Officer
$201,378 $8,916 $210,294
DARRIN DEPRIEST EVP - CHIEF LENDING OFFICE 40.00
Officer
$146,279 $7,990 $154,269
ALEX ZIMMERMAN CHIEF FINANCIAL OFFICER 40.00
Officer
$141,848 $12,491 $154,339
KATHRYN STONE MCMILLER CHIEF ADMINISTRATIVE OFFIC 40.00
Officer
$130,046 $11,979 $142,025
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 $14,398,204 $15,068,673 $200,933,366 $-670,469
2023 $11,877,062 $12,523,760 $209,223,552 $-646,698
2022 $9,882,689 $9,293,801 $189,315,193 $588,888
2021 $9,258,692 $8,133,954 $177,390,013 $1,124,738
2020 $8,706,131 $8,678,369 $159,317,595 $27,762
2019 $8,424,319 $8,142,876 $147,451,567 $281,443
2018 $7,536,931 $6,834,402 $145,582,615 $702,529
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