HOUSTON CHAPTER OF CREDIT UNIONS

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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

1952

Legal Domicile

Principal Officer

SONYA HARRIS

Phone

7132936631

Tax Period

2023-01-01 to 2023-12-31

HOUSTON CHAPTER OF CREDIT UNIONS, founded in 1952, is a micro nonprofit that reported $38K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $67K exceeded revenue, resulting in a 74% operating deficit.

Mission

THE HOUSTON CHAPTER OF CREDIT UNIONS WILL PROMOTE, PRESERVE, AND UNIFY THE CREDIT UNION MOVEMENT THROUGH LEADERSHIP, EDUCATION, COMMUNICATION, POLITICAL AWARENESS, AND COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1

THE HOUSTON CHAPTER OF CREDIT UNIONS WILL PROMOTE, PRESERVE, AND UNIFY THE CREDIT UNION MOVEMENT THROUGH LEADERSHIP, EDUCATION, COMMUNICATION, POLITICAL AWARENESS, AND COMMUNITY INVOLVEMENT.

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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 $35,795

Investment Income $2,475

Other Revenue $0

TOTAL REVENUE $38,270

Expense Breakdown

Grants Paid $5,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,531

Other Expenses $61,031

TOTAL EXPENSES $66,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,270	$173,409	-0.8%
Expenses	$66,531	$200,107	-0.7%
Net Income	$-28,261	$-26,698	+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

N/A

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KANIKA BOUTTE	DIRETCOR	1.00	Director	$0	$0	$0
ALLISON BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
SONYA HARRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENDRICK LACKEY	DIRETCOR	1.00	Director	$0	$0	$0
CLAUDIA MALDONADO	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
CATHERINE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
BEN NEWCOMB	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE PORTER	DIRETCOR	1.00	Director	$0	$0	$0
VALERIE PRILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS SILVA	SECRETARY	1.00	Officer Director	$0	$0	$0
JULIREY VELASQUEZ	TREASURER	2.00	Officer Director	$0	$0	$0
DENNIS Y'BARBO	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$38,270	$66,531	$272,709	$-28,261
2022	$173,409	$200,107	$284,090	$-26,698
2021	$111,555	$113,209	$310,788	$-1,654
2020	$50,281	$72,843	$312,442	$-22,562
2019	$216,598	$155,980	$335,004	$60,618
2018	$123,785	$204,196	$274,386	$-80,411