FRSA Credit Union

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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

1975

Legal Domicile

Phone

4078353500

Tax Period

2024-01-01 to 2024-12-31

FRSA Credit Union, founded in 1975, is a small nonprofit that reported $159K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 17% operating margin.

Mission

Programs of credit unions which offer a wide variety of personal financial services exclusively to their members featuring competitive rates on loans and investments and other products and services.

Program Service Accomplishments

Program 1

Expenses: $132,421 Revenue: $1,590,390

Programs of credit unions offering personal financial services.

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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 $140,082

Investment Income $18,957

Other Revenue $0

TOTAL REVENUE $159,039

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,761

Fundraising Expenses $0

Program Expenses $132,421

Other Expenses $98,660

TOTAL EXPENSES $132,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,039	$319,769	-0.5%
Expenses	$132,421	$287,404	-0.5%
Net Income	$26,618	$32,365	-0.2%

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

$21,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Klomp	Supervisory Committee Chairperson	2.00	Director	$0	$0	$0
George Ebersold	Board Member	2.00	Director	$0	$0	$0
Adel Tennyson	Board Vice Chairperson Board Member	2.00	Director	$0	$0	$0
Debra Guidry	Supervisory Committee Member	2.00	Director	$0	$0	$0
Phillip Lane	Board Chairperson Board Member	2.00	Director	$0	$0	$0
Carl Engelmeier	Supervisory Committee Member	2.00	Director	$0	$0	$0
Matthew R Criswell	Board Secretary Board Member	2.00	Director	$0	$0	$0
Jerry Sims	Board Treasurer Board Member	2.00	Director	$0	$0	$0
Charles Kennedy	Board Member	2.00	Director	$0	$0	$0
Lisa Pate VanKouwenberg	Supervisory Committee Member	2.00	Director	$0	$0	$0
Mattheew Leonard	Board Member	2.00	Director	$0	$0	$0
Adrienne Paul	Manager or CEO	40.00	Officer	$21,667	$0	$21,667

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	$159,039	$132,421	No data	$26,618
2023	$319,769	$287,404	$6,011,559	$32,365
2023	$317,671	$287,404	$6,009,462	$30,267
2022	$265,064	$263,432	$6,053,794	$1,632
2021	$282,070	$259,548	$6,180,299	$22,522
2020	$271,238	$256,432	$5,532,970	$14,806
2019	$273,027	$249,015	$4,586,565	$24,012
2018	$283,127	$359,424	$4,560,645	$-76,297