PRESTIGE COMMUNITY CREDIT UNION

EIN: 756013707

Dallas, TX

Total Revenue
$7,572,443
Total Expenses
$7,721,724
Total Assets
$127,990,938
Net Assets
$10,645,599
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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
1936
Legal Domicile
TX
Principal Officer
Sammy Shanafelt
Phone
9727154444
Tax Period
2023-01-01 to 2023-12-31

PRESTIGE COMMUNITY CREDIT UNION, founded in 1936, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

The credit union is a cooperative thrift institution and is a member of the National Credit Union Administration. The credit union provides saving, retirement services, and loans to its members.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,209,619
Investment Income $362,824
Other Revenue $0
TOTAL REVENUE $7,572,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,296,909
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,424,815
TOTAL EXPENSES $7,721,724

Year-over-Year Comparison

2023 2022 Change
Revenue $7,572,443 $6,342,233 +0.2%
Expenses $7,721,724 $5,437,105 +0.4%
Net Income $-149,281 $905,128 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
1
$218,402
Total Directors
7
$0
Key Employees
1
$218,402
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sammy Shanafelt CEO 40
Officer Key Emp Highest
$218,402 $0 $218,402
Jason Mauldin Chariman 1
Director
$0 $0 $0
Brett Taylor Director 1
Director
$0 $0 $0
Rhonda Lane Audit/Secretary/Treasurer 1
Director
$0 $0 $0
Larry Hall Director 1
Director
$0 $0 $0
Ta Li Director 1
Director
$0 $0 $0
Kimberly Rotto Director 1
Director
$0 $0 $0
Bucky Pauling Vice Chairman 1
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $7,572,443 $7,721,724 $127,990,938 $-149,281
2022 $6,342,233 $5,437,105 $128,044,460 $905,128
2021 $6,161,803 $4,927,253 $127,592,041 $1,234,550
2020 $5,871,701 $5,430,940 $118,890,781 $440,761
2019 $5,698,419 $5,368,599 $105,114,441 $329,820
2018 $5,119,939 $4,783,816 $104,147,014 $336,123
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