Forbes Field Credit Union (EIN 480826566) - 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

1958

Legal Domicile

Phone

9136516575

Tax Period

2023-01-01 to 2023-09-30

Forbes Field Credit Union, founded in 1958, is a small nonprofit that reported $174K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $210K exceeded revenue, resulting in a 21% operating deficit.

Mission

Credit Union providing low cost services with high yield savings rates for members.

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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 $167,705

Investment Income $6,647

Other Revenue $0

TOTAL REVENUE $174,352

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,668

Fundraising Expenses $0

Other Expenses $105,794

TOTAL EXPENSES $210,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,352	$232,644	-0.3%
Expenses	$210,462	$215,601	0.0%
Net Income	$-36,110	$17,043	-3.1%

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

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

$51,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Gorski	Chairman	0.00	Director	$0	$0	$0
Lewis Shedd	Vice Chairman	0.00	Director	$0	$0	$0
Daniel Berends	Director	0.00	Director	$0	$0	$0
Christopher Moore	Director	0.00	Director	$0	$0	$0
Ashley Tremblay	Director	0.00	Director	$0	$0	$0
Nathaniel Brown	Director	0.00	Director	$0	$0	$0
Wendy Money	CEO/Manager	40.00	Key Emp	$51,750	$0	$51,750

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
2023	$174,352	$210,462	No data	$-36,110
2022	$232,644	$215,601	$5,578,632	$17,043
2021	$199,180	$265,012	$6,061,123	$-65,832
2020	$219,360	$275,178	$5,889,420	$-55,818
2019	$245,662	$261,796	$5,825,566	$-16,134
2018	$216,062	$184,078	$5,592,927	$31,984

Forbes Field Credit Union