BEACON COMMUNITY CREDIT UNION (EIN 610606766) - 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

1947

Legal Domicile

Principal Officer

Penny Haseker

Phone

5023666022

Tax Period

2024-01-01 to 2024-12-31

BEACON COMMUNITY CREDIT UNION, founded in 1947, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 8% surplus.

Mission

Beacon Community Credit Union is a financial institution cooperative organized to provide loan and deposit products and services for its member owners.

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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 $4,195,499

Investment Income $450,315

Other Revenue $0

TOTAL REVENUE $4,645,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,515,801

Fundraising Expenses $0

Program Expenses $3,514,974

Other Expenses $2,772,288

TOTAL EXPENSES $4,288,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,645,814	$4,229,606	+0.1%
Expenses	$4,288,089	$4,250,727	+0.0%
Net Income	$357,725	$-21,121	-17.9%

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

Total Directors

Key Employees

$480,751

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Penny Haseker	Chief Executive Officer	40	Key Emp Highest	$280,229	$42,200	$322,429
Danny Howell	Vice President of Lending	40	Key Emp	$140,722	$17,600	$158,322
Raymond Jacobi	Chairman of Board	2	Director	$0	$0	$0
Ken Jinks	Vice Chairman of Board	2	Director	$0	$0	$0
Robert Weiter	Treasurer of Board	2	Director	$0	$0	$0
Debbie Braun	Secretary of Board	2	Director	$0	$0	$0
James Cissell	Director	2	Director	$0	$0	$0
Elizabeth Feger-Garr	Director	2	Director	$0	$0	$0
David Shuff	Director	2	Director	$0	$0	$0
Michael Lally	Director	2	Director	$0	$0	$0
George Wacker	Director	2	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
2025	No data	No data	No data	No data
2024	$4,645,814	$4,288,089	$68,954,176	$357,725
2023	$4,229,606	$4,250,727	$74,782,051	$-21,121
2022	$3,993,134	$3,764,453	$77,029,412	$228,681
2021	$4,002,052	$3,579,845	$83,231,429	$422,207
2020	$3,846,719	$3,771,956	$80,805,253	$74,763
2019	$3,933,841	$3,449,895	$64,221,984	$483,946
2018	$3,621,076	$3,441,060	$60,975,053	$180,016

BEACON COMMUNITY CREDIT UNION