FIRST BASIN CREDIT UNION (EIN 751084210) - 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

1965

Legal Domicile

Principal Officer

SHEM CULPEPPER

Phone

4323335600

Tax Period

2023-01-01 to 2023-12-31

FIRST BASIN CREDIT UNION, founded in 1965, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2023. Expenses of $18.9M left a modest 5% surplus.

Mission

VOLUNTARY, COOPERATIVE, NOT-FOR-PROFIT SAVINGS INSTITUTION (CREDIT UNION) INCORPORATED UNDER THE PROVISIONS OF THE TEXAS CREDIT UNION ACT, FOR THE PURPOSE OF ENCOURAGING THRIFT AMONG MEMBERS, PROVIDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDING AN OPPORTUNITY TO IMPROVE A MEMBER'S ECONOMIC CONDITION.

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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 $18,204,094

Investment Income $1,101,263

Other Revenue $631,734

TOTAL REVENUE $19,937,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,454,354

Fundraising Expenses $0

Other Expenses $11,466,678

TOTAL EXPENSES $18,921,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,937,091	$18,692,893	+0.1%
Expenses	$18,921,032	$15,925,435	+0.2%
Net Income	$1,016,059	$2,767,458	-0.6%

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

145

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

$629,042

Total Directors

$25,200

Key Employees

$264,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL GONZALEZ	CHAIPERSON	1.00	Director	$4,800	$0	$4,800
GARY WINDHAM	BOARD SECRETARY	1.00	Director	$4,800	$0	$4,800
REBECCA MARLER	BOARD TREASURER	1.00	Director	$4,000	$0	$4,000
WESLEY BURNETT	BOARD MEMBER	1.00	Director	$4,800	$0	$4,800
CATHY LARACUENTE	BOARD MEMBER	1.00	Director	$4,800	$0	$4,800
STEVE COMPTON	BOARD VICE CHAIRPERSON	1.00	Director	$2,000	$0	$2,000
SHEM CULPEPPER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$398,046	$72,220	$470,266
ANA GONZALEZ	CHIEF FINANCIAL OFFICER	40.00	Officer	$148,271	$10,505	$158,776
TIMOTHY O'REILLY	CHIEF MARKETING OFFICER	40.00	Key Emp	$224,441	$40,530	$264,971
BRADLEY STILLWELL	CHIEF OPERATIONS OFFICER	40.00	Highest	$154,681	$5,945	$160,626
WILLIAM DOUGLAS SYPOLT	CHIEF LENDING OFFICER	40.00	Highest	$165,420	$11,111	$176,531
JULIA TARIN	CHIEF RETAIL OFFICER	40.00	Highest	$149,426	$9,215	$158,641

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	No data	No data	No data	No data
2023	$19,937,091	$18,921,032	$314,372,660	$1,016,059
2022	$18,692,893	$15,925,435	$322,243,586	$2,767,458
2021	$15,708,343	$14,068,586	$306,636,605	$1,639,757
2020	$14,304,352	$13,233,617	$291,617,955	$1,070,735
2019	$17,309,580	$14,704,205	$267,217,357	$2,605,375
2018	$16,783,936	$14,111,863	$260,569,116	$2,672,073

FIRST BASIN CREDIT UNION