FORT WORTH COMMUNITY CREDIT UNION (EIN 750796472) - 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

1940

Legal Domicile

Principal Officer

DIANE DORSEY

Phone

8178355000

Tax Period

2024-01-01 to 2024-12-31

FORT WORTH COMMUNITY CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $68.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $58.8M left a modest 14% surplus.

Mission

THRIFT SAVINGS AND BORROWING FOR MEMBERS. THE CREDIT UNION IS REGULATED BY THE STATE OF TEXAS. THE CREDIT UNION DEPARTMENT AS WELL AS THE NATIONAL CREDIT UNION ADMINISTRATION. THE CREDIT UNION OFFERS PRODUCTS AND SERVICES IN FOUR PRIMARY AREAS: SHARE ACCOUNTS, CHECKING ACCOUNTS, CONSUMER LOANS AND REAL ESTATE LOANS.

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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 $51,872,206

Investment Income $16,257,373

Other Revenue $155,419

TOTAL REVENUE $68,284,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,040,297

Fundraising Expenses $0

Other Expenses $40,741,325

TOTAL EXPENSES $58,781,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,284,998	$61,144,057	+0.1%
Expenses	$58,781,622	$54,450,409	+0.1%
Net Income	$9,503,376	$6,693,648	+0.4%

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

213

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

$2,655,676

Total Directors

$14,969

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGHTON WATERS	BOARD MEMBER	2.00	Director	$3,665	$0	$3,665
MICHAEL CLARDY	BOARD MEMBER-SECRETARY/TREASURER	2.00	Officer Director	$2,554	$0	$2,554
JUDE KIAH	BOARD MEMBER	2.00	Director	$1,500	$0	$1,500
CHARLES REDDING	BOARD MEMBER-CHAIR	2.00	Officer Director	$1,500	$0	$1,500
CHASITY CRAWLEY	BOARD MEMBER	2.00	Director	$1,375	$0	$1,375
TUNISIA SADRUDDIN	BOARD MEMBER-VICE CHAIR	2.00	Officer Director	$1,375	$0	$1,375
JANICE GRACZYK	BOARD MEMBER	2.00	Director	$1,250	$0	$1,250
TOMAS TIJERINA	BOARD MEMBER	2.00	Director	$1,250	$0	$1,250
JOSEPH LOZANO	FMR BOARD MEMBER (UNTIL 2024)	2.00	Director	$500	$0	$500
LOUISE MOLINAR	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE DORSEY	PRESIDENT/CEO	40.00	Officer	$477,383	$52,961	$530,344
MICHAEL FRANKO	SVP FINANCE	40.00	Officer	$359,552	$34,810	$394,362
TAMMY TRUDELLE	VP HUMAN RESOURCES	40.00	Officer	$293,727	$41,354	$335,081
VALERIE GROSSKURTH	VP PAYMENT SYSTEMS & RISK MANAGEMENT	40.00	Officer	$199,611	$40,143	$239,754
JOHNNY NEIL SPENCER	VP SUPPORT SERVICES	40.00	Officer	$180,449	$45,470	$225,919
KAREN MARTINEZ	VP OPERATIONS	40.00	Officer	$183,322	$35,672	$218,994
BRANDY SCARLETT	VP MARKETING	40.00	Officer	$144,867	$42,856	$187,723
MERRILL CURRIER	VP INFORMATION TECHNOLOGY	40.00	Officer	$222,205	$41,499	$263,704
DOUG BEDNER	VP LENDING	40.00	Officer	$252,739	$1,627	$254,366
KOSTAS LEUCKER	INVESTMENT CONSULTANT	40.00	Highest	$428,294	$58,155	$486,449
GINDA ABRAHAM	FMR AVP ACCOUNTING (UNTIL 7/26/24)	40.00	Highest	$189,615	$15,441	$205,056
SHELIA HAILEY	AVP REAL ESTATE	40.00	Highest	$132,456	$31,973	$164,429
LISA PIPPIN	AVP LENDING	40.00	Highest	$132,649	$21,007	$153,656
TERRI BOOP	AVP BRANCH OPERATIONS	40.00	Highest	$142,810	$9,996	$152,806

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	$68,284,998	$58,781,622	$1,224,541,959	$9,503,376
2023	$61,144,057	$54,450,409	$1,206,269,215	$6,693,648
2022	$51,151,395	$38,387,187	$1,225,093,160	$12,764,208
2021	$43,127,818	$36,734,867	$1,211,753,992	$6,392,951
2020	$44,096,510	$42,590,213	$1,110,312,717	$1,506,297
2019	$47,287,563	$43,592,939	$1,001,618,613	$3,694,624
2018	$41,696,397	$37,975,676	$936,300,964	$3,720,721

FORT WORTH COMMUNITY CREDIT UNION