GALVESTON GOVERNMENT EMPLOYEES CRE… - Form 990 Financial Data

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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

1933

Legal Domicile

Phone

4099089834

Tax Period

2025-01-01 to 2025-12-31

GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION, founded in 1933, is a small nonprofit that reported $418K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year.

Mission

ORGANIZED FOR THE PURPOSE OF ENCOURAGING THRIFT, PROVIDING A FAIR RATE OF RETURN, AND AN OPPORTUNITY TO IMPROVE THE ECONOMIC CONDITION OF ITS MEMBERS.

Program Service Accomplishments

Program 1

THE CREDIT UNION OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITVE RATES.

Program 2

THE CREDIT UNION OFFERS SAVINGS PRODUCTS AT COMPETITVE RATES

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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 $366,154

Investment Income $52,246

Other Revenue $0

TOTAL REVENUE $418,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,842

Fundraising Expenses $0

Other Expenses $306,851

TOTAL EXPENSES $416,693

Year-over-Year Comparison

	2025	2024	Change
Revenue	$418,400	$449,129	-0.1%
Expenses	$416,693	$432,903	0.0%
Net Income	$1,707	$16,226	-0.9%

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

N/A

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

$41,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL JONES	PRESIDENTCEO	40.00	Key Emp	$41,600	$0	$41,600
BARBARA SANDERSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JIMMIE GILLANE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TRACY ORR	SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
STEPHEN BREWER	MEMBER	2.00	Director	$0	$0	$0
DAVID LEAL	ASST SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
DANIEL BUCKLEY	MEMBER	2.00	Director	$0	$0	$0
DAVID GALINDO	MEMBER	2.00	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	$418,400	$416,693	$6,969,189	$1,707
2024	$449,129	$432,903	$7,766,843	$16,226
2023	$434,969	$412,261	$7,086,741	$22,708
2022	$451,340	$408,607	$7,510,644	$42,733
2021	$500,234	$436,242	$7,679,663	$63,992
2020	$538,969	$500,431	$7,676,239	$38,538
2019	$526,335	$464,065	$7,408,613	$62,270
2018	$434,934	$399,968	$6,542,614	$34,966

GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION