LIBERTY ONE CREDIT UNION (EIN 750297300) - 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

1935

Legal Domicile

Principal Officer

MIKE FUNK

Phone

2144135588

Tax Period

2023-01-01 to 2023-12-31

LIBERTY ONE CREDIT UNION, founded in 1935, is a community nonprofit that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.9M left a modest 3% surplus.

Mission

LIERTY ONE SEEKS TO BE OUR MEMBERS PRIMARY FINANCIAL INSTITUTION

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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 $6,727,016

Investment Income $440,735

Other Revenue $0

TOTAL REVENUE $7,167,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,252,401

Fundraising Expenses $0

Other Expenses $4,690,355

TOTAL EXPENSES $6,942,756

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,167,751	$6,305,907	+0.1%
Expenses	$6,942,756	$5,152,583	+0.3%
Net Income	$224,995	$1,153,324	-0.8%

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

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

$290,101

Total Directors

Key Employees

$563,847

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RAMIREZ	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DON RAWE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE HAMMONDS	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA KUNZE	SECRETARY	1.00	Officer Director	$0	$0	$0
JACQUELINE DIXON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE FUNK	PRESIDENT	40.00	Officer Key Emp Highest	$290,101	$0	$290,101
KIM PURINTUN	VP OF EXECUTIVE OPERATIONS	40.00	Key Emp	$141,568	$0	$141,568
BRAD FERGUSON	VP OF MEMBER SERVICES	40.00	Key Emp	$132,178	$0	$132,178

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	$7,167,751	$6,942,756	$165,999,868	$224,995
2022	$6,305,907	$5,152,583	$165,630,553	$1,153,324
2021	$6,437,943	$5,046,928	$165,766,970	$1,391,015
2020	$6,191,438	$5,191,854	$148,595,553	$999,584
2019	$6,012,708	$5,446,841	$133,817,486	$565,867
2018	$5,797,182	$5,098,657	$132,005,777	$698,525

LIBERTY ONE CREDIT UNION