Witco Houston Employees Cr Union (EIN 746177036) - 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

1975

Legal Domicile

Principal Officer

John Herne

Tax Period

2022-01-01 to 2022-12-31

Witco Houston Employees Cr Union, founded in 1975, is a micro nonprofit that reported $20K in total revenue in fiscal year 2022. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 239% operating deficit.

Mission

The credit unions mission is to provide above average interest rates on savings accounts to its limited membership and the most competitive interest rates on unsecured loans and loans secured by personal property with a title, primarily automobiles and motorcycles.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,348

Investment Income $6,556

Other Revenue $0

TOTAL REVENUE $19,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,454

Other Expenses $67,454

TOTAL EXPENSES $67,454

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,904	$15,887	+0.3%
Expenses	$67,454	$46,702	+0.4%
Net Income	$-47,550	$-30,815	+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

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
David Johns	Director	1.00	Director	$0	$0	$0
Tracey Hughey	Director	1.00	Director	$0	$0	$0
John Herne	Treasurer	1.00	Officer Director	$0	$0	$0
Matthew Cabler	Chairperson	1.00	Officer Director	$0	$0	$0
Richard Cabler	Vice-Chairperson	1.00	Officer 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
2022	$19,904	$67,454	No data	$-47,550
2021	$15,887	$46,702	$859,785	$-30,815
2020	$30,283	$48,237	$1,010,823	$-17,954
2019	$45,731	$53,666	$1,044,891	$-7,935
2018	$56,093	$55,397	$1,234,741	$696

Witco Houston Employees Cr Union