ASHLAND CREDIT UNION (EIN 616024972) - 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

Principal Officer

LARRY J LUCAS

Phone

6063295489

Tax Period

2023-01-01 to 2023-12-31

ASHLAND CREDIT UNION is a mid-sized nonprofit that reported $21.9M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $19.4M left a modest 11% surplus.

Mission

THE PRIMARY FUNCTION OF THE CREDIT UNION IS TO PROVIDE LOANS TO ITS MEMBERS.

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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 $16,505,137

Investment Income $2,485,952

Other Revenue $2,895,285

TOTAL REVENUE $21,886,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,235,530

Fundraising Expenses $0

Other Expenses $13,183,000

TOTAL EXPENSES $19,418,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,886,374	$16,845,160	+0.3%
Expenses	$19,418,530	$14,034,582	+0.4%
Net Income	$2,467,844	$2,810,578	-0.1%

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

42392

Independent Members

42392

Employees

100

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

$304,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY J LUCAS	PRESIDENT	40.00	Officer	$304,073	$0	$304,073
TOM DEARING	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL A GARLINGER	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH F HSU	DIRECTOR	N/A	Director	$0	$0	$0
LESLIE A NOEL	VICE CHAIRMA	N/A	Director	$0	$0	$0
R ANDREW RAY	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL G SCHIFSKY	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW K SPENCE	TREASURER	N/A	Director	$0	$0	$0
KERRY TAGUE	DIRECTOR	N/A	Director	$0	$0	$0
ROB WALTERS	SECRETARY	N/A	Director	$0	$0	$0
MARITA H WERNER	CHAIRMAN	N/A	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	No data	No data	No data	No data
2023	$21,886,374	$19,418,530	$376,390,268	$2,467,844
2022	$16,845,160	$14,034,582	$351,968,150	$2,810,578
2021	$16,258,598	$11,780,980	$339,651,427	$4,477,618
2020	$15,212,632	$12,702,671	$309,526,856	$2,509,961
2019	$14,740,983	$11,655,242	$273,529,531	$3,085,741
2018	$12,289,911	$9,451,314	$252,307,411	$2,838,597

ASHLAND CREDIT UNION