REED CREDIT UNION

EIN: 740856365

HOUSTON, TX

Total Revenue
$726,339
Total Expenses
$613,022
Total Assets
$16,169,567
Net Assets
$2,667,897
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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
1935
Legal Domicile
TX
Principal Officer
CARLA CLAKLEY
Phone
7136733333
Tax Period
2024-01-01 to 2024-12-31

REED CREDIT UNION, founded in 1935, is a small nonprofit that reported $726K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $113K, a strong 16% operating margin.

Mission

COOPERATIVE PROVIDER OF CREDIT UNION 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $181,056
Investment Income $545,283
Other Revenue $0
TOTAL REVENUE $726,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,323
Fundraising Expenses $0
Program Expenses $0
Other Expenses $364,699
TOTAL EXPENSES $613,022

Year-over-Year Comparison

2024 2023 Change
Revenue $726,339 $597,885 +0.2%
Expenses $613,022 $541,037 +0.1%
Net Income $113,317 $56,848 +1.0%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
4
Volunteers
6

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
4
$101,335
Total Directors
7
$101,335
Key Employees
1
$101,335
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA CLAKLEY PRESIDENT 40
Officer Director Key Emp Highest
$80,916 $20,419 $101,335
DOROTHY HYMAN DIRECTOR 1
Director
$0 $0 $0
RICHARD LONGTINE VICE-CHAIRMAN 1
Officer Director
$0 $0 $0
MARCINA GUEVARA DIRECTOR 1
Director
$0 $0 $0
SHEILA BRASHEAR SECRETARY 1
Officer Director
$0 $0 $0
ROGER RATCLIFF CHAIRMAN 1
Officer Director
$0 $0 $0
JAIR SANTANA DIRECTOR 1
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 No data No data No data No data
2024 $726,339 $613,022 $16,169,567 $113,317
2023 $597,885 $541,037 $15,666,930 $56,848
2022 $431,886 $474,364 $16,760,716 $-42,478
2021 $474,751 $472,575 $17,226,855 $2,176
2020 $528,568 $504,592 $17,060,379 $23,976
2019 $500,854 $471,685 $16,481,819 $29,169
2018 $460,966 $447,848 $16,783,534 $13,118
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