GRAND PRAIRIE CREDIT UNION (EIN 751221355) - 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

1960

Legal Domicile

Principal Officer

CORA SNYDER

Phone

9722627935

Tax Period

2023-01-01 to 2023-12-31

GRAND PRAIRIE CREDIT UNION, founded in 1960, is a small nonprofit that reported $981K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $223K, a strong 23% operating margin.

Mission

VOLUNTARY CO-OPERATIVE, NOT FOR PROFIT SAVINGS INSTITION. INCORPORATED UNDER THE PROVISIONS OF THE TX CU ACT FOR PURPOSE OF ENCOURAGING THRIFT AMONG OUR MEMBERS, PROVDING CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND PROVIDE OPPORTUNITY TO IMPROVE THEIR 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 $592,272

Investment Income $384,860

Other Revenue $3,559

TOTAL REVENUE $980,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,823

Fundraising Expenses $0

Other Expenses $424,811

TOTAL EXPENSES $757,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,691	$680,722	+0.4%
Expenses	$757,634	$600,361	+0.3%
Net Income	$223,057	$80,361	+1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD MCCULLER	TREASURER	N/A	Director	$0	$0	$0
CLIF NELSON	CO-CHAIRPERS	N/A	Director	$0	$0	$0
CLETA SHAW	CHAIRPERSON	N/A	Director	$0	$0	$0
CORA SNYDER	SECRETARY	N/A	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
2024	No data	No data	No data	No data
2023	$980,691	$757,634	$22,419,405	$223,057
2022	$680,722	$600,361	$22,538,807	$80,361
2021	$698,953	$622,770	$21,382,862	$76,183
2020	$746,486	$674,975	$20,233,610	$71,511
2019	$747,699	$669,504	$18,043,008	$78,195
2018	$714,765	$662,477	$16,435,552	$52,288

GRAND PRAIRIE CREDIT UNION