Ward County Credit Union (EIN 751085796) - 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

1953

Legal Domicile

Principal Officer

Kay Rankin-Swan

Phone

4329433445

Tax Period

2021-01-01 to 2021-12-31

Ward County Credit Union, founded in 1953, is a small nonprofit that reported $641K in total revenue in fiscal year 2021. Revenue decreased 7% compared to the prior year. Expenses of $598K left a modest 7% surplus.

Mission

WCCU was chartered for the purpose of encouraging thrift among its members, creating a source of credit at fair and reasonable rates of interest,

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $458,695

Investment Income $118,831

Other Revenue $63,447

TOTAL REVENUE $640,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,937

Fundraising Expenses $0

Other Expenses $314,452

TOTAL EXPENSES $598,389

Year-over-Year Comparison

	2021	2020	Change
Revenue	$640,973	$690,256	-0.1%
Expenses	$598,389	$633,782	-0.1%
Net Income	$42,584	$56,474	-0.2%

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

Employees

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

$56,802

Total Directors

$56,802

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Tuxhorn	Chairman	0.00	Officer Director	$0	$0	$0
Kay Rankin-Swan	Manager/CEO/Treasurer	40.00	Officer Director	$56,802	$0	$56,802
Arcadio Rivera	Board Secretary	0.00	Officer Director	$0	$0	$0
Doug Roeber	Vice Chair	0.00	Officer Director	$0	$0	$0
Vicki Leyva	Board Member	0.00	Director	$0	$0	$0
Beau Harris	Board Member	0.00	Director	$0	$0	$0
Amy Boysaw	Board Member	0.00	Director	$0	$0	$0
Nancy Upchurch	Board Member	0.00	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
2021	$640,973	$598,389	$18,363,115	$42,584
2020	$690,256	$633,782	$19,395,278	$56,474
2019	$697,431	$679,861	$17,490,726	$17,570
2018	$648,268	$636,034	$16,349,499	$12,234

Ward County Credit Union