UNITED 1ST CREDIT UNION (EIN 580597777) - 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

1943

Legal Domicile

Principal Officer

PATRICK CONN

Phone

9125103710

Tax Period

2022-01-01 to 2022-06-30

UNITED 1ST CREDIT UNION, founded in 1943, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2022. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $8.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,065,207

Investment Income $812,912

Other Revenue $490,710

TOTAL REVENUE $7,368,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,605,657

Fundraising Expenses $0

Other Expenses $6,282,472

TOTAL EXPENSES $8,888,129

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,368,829	$12,728,487	-0.4%
Expenses	$8,888,129	$10,778,141	-0.2%
Net Income	$-1,519,300	$1,950,346	-1.8%

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

$386,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA DICKEY CALDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MALCOM FULLER	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
YVONNE HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
HORACE LOWMAN	BOARD SECRETARY	1.00	Director	$0	$0	$0
GORDON PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLENE ROSE	BOARD TREASURER/SUPERVISORY	1.00	Director	$0	$0	$0
MARK STEWART	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN BRASWELL	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
KEVIN SMILEY	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
PAUL LENTZ	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
DEBORAH STEWART	SUPERVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
PATRICK CONN	PRESIDENT/CEO	40.00	Officer	$214,196	$3,876	$218,072
JACK YARBOROUGH	CEO SUCCESSOR	40.00	Officer	$97,938	$3,746	$101,684
JONATHAN BURGOS	CFO	40.00	Officer	$62,812	$3,668	$66,480

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
2022	$7,368,829	$8,888,129	No data	$-1,519,300

UNITED 1ST CREDIT UNION