PORT OF HOUSTON CREDIT UNION

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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

1956

Legal Domicile

Principal Officer

KAROL HARVEY

Phone

7136702424

Tax Period

2024-01-01 to 2024-12-31

PORT OF HOUSTON CREDIT UNION, founded in 1956, is a small nonprofit that reported $653K in total revenue in fiscal year 2024. The organization ran a surplus of $167K, a strong 26% operating margin.

Mission

TO PROVIDE OUR MEMBERS THE BEST POSSIBLE FINANCIAL SERVICES AT COMPETITIVE RATES

Program Service Accomplishments

Program 1

PORT OF HOUSTON OFFERS ALL TYPES OF LOAN PRODUCTS AT COMPETITIVE RATES

Program 2

PORT OF HOUSTON OFFERS SAVINGS PRODUCTS AT COMPETITIVE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $508,679

Investment Income $144,140

Other Revenue $0

TOTAL REVENUE $652,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $285,200

Fundraising Expenses $0

Other Expenses $200,461

TOTAL EXPENSES $485,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$652,819	N/A	N/A
Expenses	$485,661	N/A	N/A
Net Income	$167,158	N/A	N/A

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

$91,309

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALTON LANDRY	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
BOBBY WISNOWSKI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
LAMELLE HUNTER	TREASURER	0.50	Officer Director	$0	$0	$0
TERRI HALL	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
DANA BLUME	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC LeBEAUX	BOARD MEMBER	0.50	Director	$0	$0	$0
STACY JOSEPH	BOARD MEMBER	0.50	Director	$0	$0	$0
KAROL HARVEY	PRESIDENT/CEO	40.00	Key Emp Highest	$91,309	$0	$91,309

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	$652,819	$485,661	$8,683,002	$167,158
2023	$578,288	$481,923	$8,695,288	$96,365
2022	$517,878	$422,098	$8,645,826	$95,780
2021	$546,026	$435,427	$8,595,039	$110,599
2020	$583,142	$450,946	$8,306,310	$132,196
2019	$590,512	$477,244	$7,084,639	$113,268
2018	$578,474	$512,556	$7,432,880	$65,918