GO ENERGY FINANCIAL CREDIT UNION (EIN 581113994) - 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

1969

Legal Domicile

Principal Officer

MARK NOFI

Phone

4705143015

Tax Period

2023-01-01 to 2023-12-31

GO ENERGY FINANCIAL CREDIT UNION, founded in 1969, is a community nonprofit in the Public & Societal Benefit sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 23% operating margin.

Mission

WE ARE COMMITTED TO ENSURING YOU CAN DO MORE WITH YOUR MONEY AND OUR GOAL REMAINS TO HELP YOU TURN FINANCIAL GOALS INTO FANTASTIC REALITIES.

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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 $4,811,520

Investment Income $1,937,036

Other Revenue $1,319,919

TOTAL REVENUE $8,068,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,844,206

Fundraising Expenses $0

Program Expenses $6,221,787

Other Expenses $3,377,581

TOTAL EXPENSES $6,221,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,068,475	$6,270,517	+0.3%
Expenses	$6,221,787	$5,485,066	+0.1%
Net Income	$1,846,688	$785,451	+1.4%

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

N/A

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

$113,871

Total Directors

$113,871

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BURNEY	COO	50.00	Officer Director	$113,871	$0	$113,871
MATT BRINSON	BOARD MEMBER	5.00	Director	$0	$0	$0
GREG FORD	BOARD MEMBER	5.00	Director	$0	$0	$0
TIM MARTIN	CHAIR	5.00	Director	$0	$0	$0
SHAUN MOCK	VICE CHAIR	5.00	Officer Director	$0	$0	$0
AMY ROUSE	BOARD MEMBER	5.00	Director	$0	$0	$0
TONY TUCKER	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMES WRIGHT	SEC/TRES	5.00	Director	$0	$0	$0
MARK NOFI	CFO	40.00	Officer	$0	$0	$0

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	$8,068,475	$6,221,787	$143,415,850	$1,846,688
2022	$6,270,517	$5,485,066	$153,747,429	$785,451

GO ENERGY FINANCIAL CREDIT UNION