FIVEPOINT CREDIT UNION (EIN 741109889) - 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

1935

Legal Domicile

Principal Officer

ERIK SHAW

Phone

4097268300

Tax Period

2023-01-01 to 2023-12-31

FIVEPOINT CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $58.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $56.5M left a modest 4% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERSHIP WITH VARIOUS LOAN AND DEPOSIT PRODUCTS.

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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 $54,976,856

Investment Income $3,770,279

Other Revenue $91,240

TOTAL REVENUE $58,838,375

Expense Breakdown

Grants Paid $370,387

Salaries & Benefits $19,305,635

Fundraising Expenses $0

Other Expenses $36,855,649

TOTAL EXPENSES $56,531,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,838,375	$49,433,751	+0.2%
Expenses	$56,531,671	$44,488,509	+0.3%
Net Income	$2,306,704	$4,945,242	-0.5%

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

255

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

$2,021,466

Total Directors

Key Employees

$1,498,920

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN JOHNSON	CHAIRPERSON	1.00	Director	$0	$0	$0
JAMES SAXON	SECRETARY TREASURER	1.00	Director	$0	$0	$0
JOE DICKSON	FIRST VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JOHN COMEAUX	SECOND VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LOUIS ANSELMO	BOARD MEMBER	0.50	Director	$0	$0	$0
HILTON FERGUSON JR	BOARD MEMBER	0.50	Director	$0	$0	$0
KAROL RUSSELL	BOARD MEMBER	0.50	Director	$0	$0	$0
JACK THORNTON	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNY WINTER	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIK SHAW	CEO/PRESIDENT	40.00	Officer	$534,478	$56,144	$590,622
KENNETH MILLER	EXECUTIVE VICE PRESIDENT	40.00	Officer	$371,389	$49,185	$420,574
JENNIFER WEBB	CHIEF ADMINISTRATIVE OFFICER/EVP	40.00	Officer	$314,698	$28,938	$343,636
KRISTEN BELLANGER	COO/EVP	40.00	Officer	$311,677	$31,203	$342,880
AMANDA WHITE	SVP OF HUMAN RESOURCES	40.00	Officer	$287,449	$36,305	$323,754
MATTHEW BOREL	FINANCIAL ADVISOR	40.00	Key Emp	$215,943	$45,222	$261,165
CHRISTIE J LUMMUS	VP LENDING	40.00	Key Emp	$197,345	$23,693	$221,038
CHASIDY BOHANAN	VP OPERATIONS	40.00	Key Emp	$192,211	$29,439	$221,650
MARLA RUCKER	VP IT	40.00	Key Emp	$190,185	$34,711	$224,896
HELEN PUCKETT	AVP ACCOUNTING	40.00	Key Emp	$173,908	$28,675	$202,583
AIMEE SLOTT	VP BUSINESS LENDING	40.00	Key Emp	$156,757	$28,981	$185,738
KAREN BLUM	VP MARKETING	40.00	Key Emp	$154,762	$27,088	$181,850
CARRIE STRONG	VP OF HUMAN RESOURCES	40.00	Highest	$139,709	$8,548	$148,257
TONI R BROWN	AVP LENDING	40.00	Highest	$137,197	$5,613	$142,810
JEREMY MARTINKA	AVP IT	40.00	Highest	$135,541	$36,320	$171,861
STACI CROAK	AVP BRANCH OPERATIONS	40.00	Highest	$133,758	$22,160	$155,918
JARED BYRD	BUSINESS ANALYTICS	40.00	Highest	$131,926	$13,313	$145,239

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	$58,838,375	$56,531,671	$940,698,707	$2,306,704
2022	$49,433,751	$44,488,509	$874,862,124	$4,945,242
2021	$45,891,302	$40,066,004	$833,470,409	$5,825,298
2020	$43,125,842	$40,913,732	$772,281,463	$2,212,110
2019	$43,663,158	$40,133,358	$672,374,560	$3,529,800
2018	$41,733,318	$37,994,725	$600,855,416	$3,738,593

FIVEPOINT CREDIT UNION