EMPLOYEE RESOURCES CREDIT UNION (EIN 620714058) - 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

Legal Domicile

Principal Officer

KONDA BOWLING

Phone

9317669288

Tax Period

2023-01-01 to 2023-12-31

EMPLOYEE RESOURCES CREDIT UNION is a community nonprofit that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 22% operating margin.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,148,855

Investment Income $259,057

Other Revenue $265,354

TOTAL REVENUE $8,673,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,280,357

Fundraising Expenses $0

Program Expenses $6,880,073

Other Expenses $4,456,410

TOTAL EXPENSES $6,736,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,673,266	$7,210,233	+0.2%
Expenses	$6,736,767	$5,742,633	+0.2%
Net Income	$1,936,499	$1,467,600	+0.3%

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

$231,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KONDA BOWLING	PRESIDENT/CE	40.00	Officer	$179,068	$52,780	$231,848
VICKI ENGELHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
CINDY GILLIAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE HURREN	BOARD CHAIR	1.00	Director	$0	$0	$0
DAVID JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOAN KNOWIS	BOD MEM/SC C	1.00	Officer Director	$0	$0	$0
DANNY LUCY	BOARD VICE-C	1.00	Director	$0	$0	$0
DARRIN MCKAMEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA METHVIN	BOARD SECRET	1.00	Director	$0	$0	$0
BARBARA NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL PETTUS	BOARD MEMBER	1.00	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	$8,673,266	$6,736,767	$147,209,137	$1,936,499
2022	$7,210,233	$5,742,633	$136,034,491	$1,467,600
2021	$6,303,073	$5,325,362	$131,347,760	$977,711
2020	$6,163,142	$5,547,967	$115,692,672	$615,175
2019	$6,020,094	$5,343,037	$96,979,153	$677,057
2018	$5,749,449	$5,595,175	$83,586,338	$154,274

EMPLOYEE RESOURCES CREDIT UNION