GATEWAY CREDIT UNION (EIN 620631391) - 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

1959

Legal Domicile

Principal Officer

ANNETTE PASSE

Phone

9315518271

Tax Period

2025-01-01 to 2025-12-31

GATEWAY CREDIT UNION, founded in 1959, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $873,669

Investment Income $126,092

Other Revenue $49,656

TOTAL REVENUE $1,049,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $343,919

Fundraising Expenses $0

Program Expenses $1,242,757

Other Expenses $898,838

TOTAL EXPENSES $1,242,757

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,049,417	$1,000,103	+0.0%
Expenses	$1,242,757	$899,568	+0.4%
Net Income	$-193,340	$100,535	-2.9%

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

$81,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE PASSE	CEO	40.00	Officer	$81,080	$0	$81,080
JAMES COREY WATTS	BOARD CHAIRM	1.00	Director	$0	$0	$0
MICHAEL LONG	BOARD VICE C	1.00	Director	$0	$0	$0
SANDRA WALLACE	BOARD SECRET	1.00	Director	$0	$0	$0
DEANNA AKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA MAXSON	BOARD TREASU	1.00	Director	$0	$0	$0
TAMMIE HOGUE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA HALL	SUPERVISORY	N/A	Officer	$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	$1,049,417	$1,242,757	$15,675,927	$-193,340
2024	No data	No data	No data	No data
2023	$860,716	$842,487	$13,613,521	$18,229
2022	$732,988	$654,440	$13,502,310	$78,548
2021	$684,852	$656,704	$13,204,732	$28,148
2020	$729,441	$685,756	$12,043,351	$43,685
2019	$724,217	$677,063	$11,712,350	$47,154
2018	$711,264	$645,858	$11,060,017	$65,406

GATEWAY CREDIT UNION