SKEL-TEX CREDIT UNION (EIN 750939167) - 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

1954

Legal Domicile

Principal Officer

Terri Cone

Phone

8068482413

Tax Period

2025-01-01 to 2025-12-31

SKEL-TEX CREDIT UNION, founded in 1954, is a small nonprofit that reported $279K in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 20% operating margin.

Mission

Savings and 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $79,807

Other Revenue $198,841

TOTAL REVENUE $278,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,803

Fundraising Expenses $0

Program Expenses $169,513

Other Expenses $47,639

TOTAL EXPENSES $223,132

Year-over-Year Comparison

	2025	2024	Change
Revenue	$278,648	$232,019	+0.2%
Expenses	$223,132	$228,112	0.0%
Net Income	$55,516	$3,907	+13.2%

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

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

Total Directors

Key Employees

$53,619

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terri Cone	Manager	35	Key Emp Highest	$53,619	$0	$53,619
Glenna Swanson	Board Secretary	0	Director	$0	$0	$0
Raymond Hanover	Board Director	0	Director	$0	$0	$0
Reva Williams	Board Treasurer	0	Director	$0	$0	$0
Larry Brown	Board Chairman	0	Director	$0	$0	$0
Sherry Kramer	Board Vice-Chairman	0	Director	$0	$0	$0
Cecil Nunn	Board Director	0	Director	$0	$0	$0
Terry Sargent	Board Director	0	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	$278,648	$223,132	$6,199,038	$55,516
2024	$232,019	$228,112	$5,815,843	$3,907
2023	$210,839	$222,268	$5,871,771	$-11,429
2022	$192,873	$195,487	$6,950,084	$-2,614
2021	$216,191	$181,985	$6,613,125	$34,206
2020	$218,822	$189,534	$6,117,753	$29,288

SKEL-TEX CREDIT UNION