LONE STAR CREDIT UNION (EIN 751253045) - 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

1967

Legal Domicile

Principal Officer

MARCY PHILLIPS

Phone

2143279367

Tax Period

2023-01-01 to 2023-12-31

LONE STAR CREDIT UNION, founded in 1967, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2023. Expenses of $9.4M left a modest 4% surplus.

Mission

PROVIDE FINANCIAL SERVICES FOR MEMBERS IN OUR COMMUNITY CHARTER FIELD OF MEMBERSHIP.

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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 $8,793,964

Investment Income $1,013,463

Other Revenue $0

TOTAL REVENUE $9,807,427

Expense Breakdown

Grants Paid $4,576

Salaries & Benefits $3,356,665

Fundraising Expenses $0

Other Expenses $6,065,610

TOTAL EXPENSES $9,426,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,807,427	$9,474,313	+0.0%
Expenses	$9,426,851	$7,012,203	+0.3%
Net Income	$380,576	$2,462,110	-0.8%

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

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

$758,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE PRICE	BOARD CHAIRPERSON	1.00	Director	$0	$0	$0
RYAN HOLLOWAY	BOARD VICE CHAIRPERSON	1.00	Director	$0	$0	$0
KIMBERLY MARSZALEK	BOARD SECRETARY/TREASURER	1.00	Director	$0	$0	$0
GRAHAM SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CLANCY	DIRECTOR	1.00	Director	$0	$0	$0
MARKI HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
JACK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA REED	CEO - 1/1/23-6/30/23	50.00	Officer	$177,745	$21,591	$199,336
MARCY PHILLIPS	CEO - EFFECTIVE 7/1/23	50.00	Officer	$163,594	$32,617	$196,211
BRIAN HARPER	CFO	50.00	Officer	$148,698	$34,648	$183,346
ALLYSON LEIGHANN CARSON	CHIEF ADMINISTRATIVE OFFIC	50.00	Officer	$148,731	$30,444	$179,175

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	$9,807,427	$9,426,851	$175,948,935	$380,576
2022	$9,474,313	$7,012,203	$163,532,134	$2,462,110
2021	$7,701,584	$6,309,974	$160,116,872	$1,391,610
2020	$7,527,272	$6,198,589	$140,002,674	$1,328,683
2019	$7,485,324	$6,405,557	$121,887,110	$1,079,767
2018	$7,216,623	$6,618,325	$125,294,706	$598,298

LONE STAR CREDIT UNION