MEMBERSOURCE CREDIT UNION (EIN 741383158) - 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

2000

Legal Domicile

Principal Officer

KENNETH HARRINGTON

Phone

7136274000

Tax Period

2024-01-01 to 2024-12-31

MEMBERSOURCE CREDIT UNION, founded in 2000, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

MEMBERSOURCE CREDIT UNION WILL CONSISTENTLY MEET MEMBERS NEEDS BY PROVIDING PERSONAL QUALITY SERVICE IN A PROFESSIONAL ENVIRONMENT THROUGH MOTIVATED EMPLOYEES.

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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 $9,907,157

Investment Income $1,592,682

Other Revenue $65,759

TOTAL REVENUE $11,565,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,367,419

Other Expenses $11,892,365

TOTAL EXPENSES $11,892,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,565,598	$9,991,181	+0.2%
Expenses	$11,892,365	$10,351,483	+0.1%
Net Income	$-326,767	$-360,302	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAY BASKIN	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH F HILDENBRAND	TREASURER	0.00	Director	$0	$0	$0
CHERI PEPER	SECRETARY	0.00	Director	$0	$0	$0
JEREMY SMITH	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK GIBSON	CHAIRMAN	0.00	Director	$0	$0	$0
ELLEN TARVER	DIRECTOR	0.00	Director	$0	$0	$0
EDDIE CORVIN	VICE CHAIRMAN	0.00	Director	$0	$0	$0
CASSIE CHIARO	DIRECTOR	0.00	Director	$0	$0	$0
BOBBI PHELPS	VP-BRANCH OP	40.00	Officer	$0	$0	$0
SAMUEL PHELPS	VP-IT	40.00	Officer	$0	$0	$0
KENNETH HARRINGTON	PRESIDENTCEO	40.00	Officer	$0	$0	$0
DIANA FISHER	VP-MARKETING	40.00	Officer	$0	$0	$0
ELVIN TEJADA	VP ACCOUNTING	40.00	Officer	$0	$0	$0
CODY JOHNSON	VP OF LENDING	40.00	Officer	$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	$11,565,598	$11,892,365	$180,088,432	$-326,767
2023	$9,991,181	$10,351,483	$196,162,100	$-360,302
2022	$9,456,713	$8,865,566	$219,341,455	$591,147
2021	$9,847,092	$8,550,415	$222,529,883	$1,296,677
2020	$9,912,997	$9,357,474	$215,655,904	$555,523
2019	$10,325,648	$9,839,586	$187,863,919	$486,062
2018	$10,101,343	$9,698,366	$195,384,247	$402,977

MEMBERSOURCE CREDIT UNION