ST THOMAS CREDIT UNION (EIN 626047295) - 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

WILLIAM DUNN

Phone

6152927828

Tax Period

2023-01-01 to 2023-12-31

ST THOMAS CREDIT UNION, founded in 1959, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 14% surplus.

Mission

To enhance the quality of life for our members by striving to provide excellent financial services.

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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 $1,890,103

Investment Income $264,207

Other Revenue $0

TOTAL REVENUE $2,154,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,864

Fundraising Expenses $0

Program Expenses $1,853,442

Other Expenses $1,266,578

TOTAL EXPENSES $1,853,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,154,310	$1,631,828	+0.3%
Expenses	$1,853,442	$1,445,021	+0.3%
Net Income	$300,868	$186,807	+0.6%

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

$216,470

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chloe Nguyen	Vice President	40	Key Emp	$92,841	$17,771	$110,612
William Dunn	President	40	Key Emp Highest	$89,000	$16,858	$105,858
John Raphael	Board Of Directors-Chairperson	3	Officer Director	$0	$0	$0
Robert Poteete	Board of Directors-Vice Chair Person	2	Officer Director	$0	$0	$0
Sherry Warren	Board of Directors-Treasurer	7	Officer Director	$0	$0	$0
Wanda Hooper	Board of Directors-Seccretary	2	Officer Director	$0	$0	$0
Lisa Dillehay	Board of Directors	2.00	Director	$0	$0	$0
Judy Cummings	Board of Directors	2	Director	$0	$0	$0
Beth Smith	Board of Directors	2	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	$2,154,310	$1,853,442	$36,326,618	$300,868
2022	$1,631,828	$1,445,021	$35,431,757	$186,807
2021	$1,471,887	$1,380,086	$33,409,683	$91,801
2020	$1,546,875	$1,512,389	$31,009,145	$34,486
2019	$1,589,895	$1,478,901	$27,345,203	$110,994
2018	$1,882,111	$1,417,608	$26,050,335	$464,503

ST THOMAS CREDIT UNION