LAKESIDE CREDIT UNION (EIN 620759856) - 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

1965

Principal Officer

KAREN SCOTT

Phone

9315353750

Tax Period

2025-01-01 to 2025-12-31

LAKESIDE CREDIT UNION, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $588K, a strong 24% 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,676,184

Investment Income $744,895

Other Revenue $12,220

TOTAL REVENUE $2,433,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $642,509

Fundraising Expenses $0

Program Expenses $1,845,059

Other Expenses $1,202,550

TOTAL EXPENSES $1,845,059

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,433,299	$2,191,248	+0.1%
Expenses	$1,845,059	$1,592,943	+0.2%
Net Income	$588,240	$598,305	0.0%

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

$121,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN SCOTT	CEO	40.00	Officer	$121,438	$0	$121,438
KEITH CARNAHAN	BOARD TREASU	1.00	Director	$0	$0	$0
ROSS L COLE	BOARD SECRET	1.00	Director	$0	$0	$0
C C CHUCK HARGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES JIM I MCKAY	BOARD CHAIRM	1.00	Director	$0	$0	$0
LUCAS JONES	BOARD SECURI	1.00	Director	$0	$0	$0
MARKO WINTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN C TIDWELL	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
2025	$2,433,299	$1,845,059	$42,304,436	$588,240
2024	$2,191,248	$1,592,943	$41,193,659	$598,305
2023	$1,607,088	$1,301,514	$39,950,891	$305,574
2022	$1,233,365	$1,052,755	$42,648,455	$180,610
2021	$1,031,857	$1,022,617	$42,432,689	$9,240
2020	$1,274,919	$1,205,139	$40,325,109	$69,780
2019	$1,427,796	$1,352,170	$35,663,212	$75,626
2018	$1,355,696	$1,273,563	$35,506,437	$82,133

LAKESIDE CREDIT UNION