A New Direction Credit Union

EIN: 751338668

Dallas, TX

Total Revenue
$638,660
Total Expenses
$710,522
Total Assets
N/A
Net Assets
N/A
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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
2019
Legal Domicile
TX
Principal Officer
Suzanne Chism
Phone
2146313813
Tax Period
2022-01-01 to 2022-09-30

A New Direction Credit Union, founded in 2019, is a small nonprofit that reported $639K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $711K exceeded revenue, resulting in a 11% operating deficit.

Mission

A New Direction Credit Union(formerly Texas Health Resources CU) is a cooperative thrift institution, chartered by the State of Texas and insured by the National Credit Union Administration

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $540,564
Investment Income $31,745
Other Revenue $66,351
TOTAL REVENUE $638,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200,155
Fundraising Expenses $0
Other Expenses $510,367
TOTAL EXPENSES $710,522

Year-over-Year Comparison

2022 2021 Change
Revenue $638,660 $860,210 -0.3%
Expenses $710,522 $841,993 -0.2%
Net Income $-71,862 $18,217 -4.9%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$54,918
Total Directors
5
$54,918
Key Employees
1
$54,918
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shryl Johnston Chairman 1.00
Officer Director
$0 $0 $0
Robert Allen Vice Chair 1.00
Officer Director
$0 $0 $0
Barbara Caffey Board Member 1.00
Director
$0 $0 $0
Tonya Farmer Board Member 1.00
Director
$0 $0 $0
Suzanne Chism President/CEO/Treas. 40.00
Officer Director Key Emp
$54,918 $0 $54,918
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
2022 $638,660 $710,522 No data $-71,862
2021 $860,210 $841,993 $17,632,702 $18,217
2020 $926,870 $1,105,057 $17,807,605 $-178,187
2018 $1,160,477 $1,335,992 $16,673,561 $-175,515
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