Friends First 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

1974

Legal Domicile

Phone

2706841829

Tax Period

2018-01-01 to 2018-03-31

Friends First Credit Union, founded in 1974, is a micro nonprofit that reported $46K in total revenue in fiscal year 2018. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $87K exceeded revenue, resulting in a 91% operating deficit.

Mission

Provide financial services and products to members.

Program Service Accomplishments

Program 1

The Credit Union provides several deposit account types to members including savings, checking, certificates and other. The total number of members at 12/31/2017 was 1,032.

Program 2

The Credit Union provides a variety of loans to members including real estate, credit card, vehicle and other. The total number of loans outstanding at 12/31/2017 was 426.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $41,421

Investment Income $4,347

Other Revenue $0

TOTAL REVENUE $45,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,059

Fundraising Expenses $0

Other Expenses $60,210

TOTAL EXPENSES $87,269

Year-over-Year Comparison

	2018	2017	Change
Revenue	$45,768	$296,978	-0.8%
Expenses	$87,269	$317,478	-0.7%
Net Income	$-41,501	$-20,500	+1.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Anderson	Chairperson	1.00	Director	$0	$0	$0
Dennis Clark	Treasurer	1.00	Director	$0	$0	$0
Rhonda Pierce	Secretary	1.00	Director	$0	$0	$0
Joe Barlow	Director	1.00	Director	$0	$0	$0
Delsa Laster	Vice Chairman	1.00	Director	$0	$0	$0
Cynthia Shanks	CEO	40.00	Officer 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
2018	$45,768	$87,269	No data	$-41,501