ODU CREDIT UNION C/O LANGLEY FEDERAL CREDIT UNION (EIN 540720341) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

Principal Officer

DIANE PARKER

Phone

7575339308

Tax Period

2018-01-01 to 2018-12-31

ODU CREDIT UNION C/O LANGLEY FEDERAL CREDIT UNION, founded in 1958, is a small nonprofit that reported $787K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $943K exceeded revenue, resulting in a 20% operating deficit.

Mission

CREDIT UNIONS ARE MEMBER OWNED FINANCIAL COOPERATIVES THAT PROVIDE FINANCIAL SERVICES TO THEIR MEMBERS IN THE FORM OF CHECKING AND SAVINGS ACCOUNTS, LOANS, AND CERTAIN OTHER FINANCIAL SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $572,599

Investment Income $214,742

Other Revenue $0

TOTAL REVENUE $787,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,078

Fundraising Expenses $0

Other Expenses $585,116

TOTAL EXPENSES $943,194

Year-over-Year Comparison

	2018	2017	Change
Revenue	$787,341	$907,836	-0.1%
Expenses	$943,194	$931,160	+0.0%
Net Income	$-155,853	$-23,324	+5.7%

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

$107,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT WOJTOWICZ	BOARD CHAIRM	0.50	Director	$0	$0	$0
MARCHA SCHRIVER	BOARD VICE C	0.50	Director	$0	$0	$0
SYLVIA HUDGINS	BOARD TREASU	0.50	Director	$0	$0	$0
CHARLES THOMAS	BOARD SECRET	0.50	Director	$0	$0	$0
WILLIAM RICE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES DUFFY	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT SECHRIST	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA WHITEHURST	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL MCSHANE	DIRECTOR	N/A	Director	$0	$0	$0
DIANE PARKER	PRESIDENT &	40.00	Officer	$107,141	$0	$107,141

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
2018	$787,341	$943,194	No data	$-155,853

ODU CREDIT UNION C/O LANGLEY FEDERAL CREDIT UNION