GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (EIN 740650997) - 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

1933

Legal Domicile

Phone

4099089834

Tax Period

2024-01-01 to 2024-12-31

GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION, founded in 1933, is a small nonprofit that reported $449K in total revenue in fiscal year 2024. Expenses of $433K left a modest 4% surplus.

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $408,518

Investment Income $40,611

Other Revenue $0

TOTAL REVENUE $449,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,840

Fundraising Expenses $0

Other Expenses $323,063

TOTAL EXPENSES $432,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,129	$434,969	+0.0%
Expenses	$432,903	$412,261	+0.1%
Net Income	$16,226	$22,708	-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

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
STEPHEN BREWER	MEMBER	2.00	Director	$0	$0	$0
DANIEL BUCKLEY	MEMBER	2.00	Director	$0	$0	$0
DAVID GALINDO	MEMBER	2.00	Director	$0	$0	$0
BARBARA SANDERSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHASE BESSIRE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TRACY ORR	SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
DAVID LEAL	ASST SECRETARYTREASURET	2.00	Officer 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	$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