Ascension Credit Union (EIN 720828054) - 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

1974

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Ascension Credit Union, founded in 1974, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2023. Expenses of $6.4M left a modest 7% surplus.

Mission

A member owned non-profit financial institution that provides financial products (savings, loans, etc)at competitive rates to 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 $6,452,495

Investment Income $367,945

Other Revenue $0

TOTAL REVENUE $6,820,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,204,028

Fundraising Expenses $0

Program Expenses $6,352,630

Other Expenses $4,148,602

TOTAL EXPENSES $6,352,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,820,440	$6,820,441	0.0%
Expenses	$6,352,630	$6,352,633	0.0%
Net Income	$467,810	$467,808	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Graves	Director	1.00	Director	$0	$0	$0
Judy Burns	Director	1.00	Director	$0	$0	$0
Lisa Meyerer	Director	1.00	Director	$0	$0	$0
James Moore	Chairman	1.00	Director	$0	$0	$0
Valine LaBorde	Secretary	1.00	Officer Director	$0	$0	$0
Donald Songy	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Clouatre	Vice Chairman	1.00	Officer Director	$0	$0	$0
Lloyd Cockerham	CEO	40.00	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
2024	No data	No data	No data	No data
2023	$6,820,440	$6,352,630	$103,643,735	$467,810
2022	$5,797,294	$4,854,853	$94,667,489	$942,441
2021	$7,057,832	$5,046,764	$90,789,238	$2,011,068
2020	$4,818,884	$4,031,500	$77,292,293	$787,384
2019	$4,358,405	$3,849,684	$64,910,720	$508,721
2018	$4,015,535	$3,472,230	$61,696,707	$543,305

Ascension Credit Union