OAK FARMS EMPLOYEES CREDIT UNION

EIN: 741547630

HOUSTON, TX

Total Revenue
$333,635
Total Expenses
$295,149
Total Assets
$4,300,705
Net Assets
$1,137,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
TX
Principal Officer
SOPHIE SALINAS
Phone
7135477188
Tax Period
2024-01-01 to 2024-12-31

OAK FARMS EMPLOYEES CREDIT UNION, founded in 1953, is a small nonprofit that reported $334K in total revenue in fiscal year 2024. Expenses of $295K left a modest 12% surplus.

Mission

THE CREDIT UNION WAS ORGANIZED FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG ITS MEMBERS, PROVIDING CREDIT AT FAIR AND REASONABLE RATES OF INTEREST, AND AN OPPORTUNITY TO IMPROVE THEIR ECONOMIC CONDITION.

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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 $303,872
Investment Income $29,763
Other Revenue $0
TOTAL REVENUE $333,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $137,362
Fundraising Expenses $0
Other Expenses $157,787
TOTAL EXPENSES $295,149

Year-over-Year Comparison

2024 2023 Change
Revenue $333,635 $320,980 +0.0%
Expenses $295,149 $308,123 0.0%
Net Income $38,486 $12,857 +2.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
2
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
4
$64,896
Total Directors
7
$64,896
Key Employees
1
$64,896
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OCTAVIO PENA BOARD CHAIR 0.50
Officer Director
$0 $0 $0
KIMBERLY MISHOE VICE CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL WILLIAMS SECRETARY 0.50
Officer Director
$0 $0 $0
ANITA HOGUE MEMBER 0.50
Director
$0 $0 $0
PEGGY HANNSZ MEMBER 0.50
Director
$0 $0 $0
JENNIFER BOSTIC MEMBER 0.50
Director
$0 $0 $0
SOPHIE SALINAS CEO/TREASURER 40.00
Officer Director Key Emp
$64,896 $0 $64,896
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 $333,635 $295,149 $4,300,705 $38,486
2023 $320,980 $308,123 $4,069,261 $12,857
2022 $291,600 $264,747 $3,884,729 $26,853
2021 $298,887 $297,357 $3,920,451 $1,530
2020 $291,306 $285,528 $4,048,243 $5,778
2019 $338,091 $319,441 $4,134,011 $18,650
2018 $351,498 $317,154 $4,429,823 $34,344
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