HORIZON CREDIT UNION (EIN 581508166) - 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

1932

Legal Domicile

Principal Officer

MARK A DRINNON

Phone

4232299463

Tax Period

2024-01-01 to 2024-12-31

HORIZON CREDIT UNION, founded in 1932, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.1M left a modest 6% surplus.

Mission

STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR MEMBERS TO PROMOTE THRIFT, ISSUE SHARES THAT MAINTAIN ACCOUNTS, AND TO MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED CURRENTLY FOR LIQUIDITY OR FOR LOANS ARE TERMPORARILY INVESTED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,948,395

Investment Income $307,359

Other Revenue $37,081

TOTAL REVENUE $3,292,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,453,277

Fundraising Expenses $0

Program Expenses $3,099,625

Other Expenses $1,253,630

TOTAL EXPENSES $3,099,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,292,835	$3,526,732	-0.1%
Expenses	$3,099,625	$2,898,668	+0.1%
Net Income	$193,210	$628,064	-0.7%

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

$240,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA HUMPHREY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARK SNODGRASS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RODNEY DEEL	TREASURER	1.00	Officer Director	$0	$0	$0
DORIS LADD	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA BEILHARZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK DRINNON	COO	40.00	Officer	$120,225	$13,467	$133,692
DIANA BAKER	CFO	40.00	Officer	$94,737	$12,517	$107,254
JOSEPH MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER NUNLEY	BOARD MEMBER	1.00	Director	$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	$3,292,835	$3,099,625	$59,659,591	$193,210
2023	$3,526,732	$2,898,668	$59,868,992	$628,064
2022	$3,788,300	$2,733,501	$63,707,219	$1,054,799
2021	$3,441,491	$2,700,805	$64,266,651	$740,686
2020	$3,213,506	$3,288,338	$61,478,373	$-74,832
2019	$3,732,910	$4,029,933	$56,294,341	$-297,023
2018	$3,856,112	$4,105,889	$56,988,286	$-249,777

HORIZON CREDIT UNION