HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION (EIN 480685152) - 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

1945

Legal Domicile

Principal Officer

KORY PHILLIPS

Phone

6206632991

Tax Period

2023-01-01 to 2023-12-31

HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION, founded in 1945, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 14% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $939,447

Investment Income $290,402

Other Revenue $0

TOTAL REVENUE $1,229,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $440,307

Fundraising Expenses $0

Other Expenses $610,050

TOTAL EXPENSES $1,058,270

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,229,849	$1,179,507	+0.0%
Expenses	$1,058,270	$1,103,436	0.0%
Net Income	$171,579	$76,071	+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

$134,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY HENKE	CHAIRPERSON	1.00	Director	$0	$0	$0
MICHAEL WILLIAMS	VICE CHAIRPERSON / TREASURER	1.00	Director	$0	$0	$0
PAMELA MOSES	SECRETARY	1.00	Director	$0	$0	$0
KYLE FINNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM CRANK	BOARD MEMBER	1.00	Director	$0	$0	$0
KORY PHILLIPS	PRESIDENT	40.00	Officer	$115,516	$18,581	$134,097

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	No data	No data	No data	No data
2023	$1,229,849	$1,058,270	$19,917,359	$171,579
2022	$1,179,507	$1,103,436	$22,512,607	$76,071
2021	$1,270,130	$1,171,361	$24,206,676	$98,769
2020	$1,357,828	$1,351,200	$24,604,220	$6,628
2019	$1,469,250	$1,631,765	$22,551,413	$-162,515
2018	$1,598,047	$1,961,122	$20,996,168	$-363,075

HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION