Frontier Credit Union (EIN 820219844) - 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

1935

Legal Domicile

Principal Officer

Dan Thurman

Phone

2085239068

Tax Period

2023-01-01 to 2023-12-31

Frontier Credit Union, founded in 1935, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $40.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $37.3M left a modest 8% surplus.

Mission

To be an active participant in the financial success of our 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,783,605

Investment Income $1,596,047

Other Revenue $0

TOTAL REVENUE $40,379,652

Expense Breakdown

Grants Paid $50,483

Salaries & Benefits $14,133,490

Fundraising Expenses $0

Other Expenses $23,154,153

TOTAL EXPENSES $37,338,126

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,379,652	$34,471,344	+0.2%
Expenses	$37,338,126	$27,768,395	+0.3%
Net Income	$3,041,526	$6,702,949	-0.5%

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

237

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

$777,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Downey	Board Chair	2.00	Officer Director	$0	$0	$0
Justin Chipp	Board Vice Chair	2.00	Officer Director	$0	$0	$0
Josh Roos	Board Secretary	2.00	Officer Director	$0	$0	$0
Nicole Mattos	Board Treasurer	2.00	Officer Director	$0	$0	$0
Tyler Brooks	Director	2.00	Director	$0	$0	$0
Mark Hyndman	Director	2.00	Director	$0	$0	$0
Josh Searle	Director	2.00	Director	$0	$0	$0
Dan Thurman	CEO	50.00	Officer	$461,546	$43,573	$505,119
Jeff Vogt	CFO	50.00	Officer	$243,633	$29,054	$272,687
Cindy High	EVP/COO	50.00	Highest	$229,167	$17,940	$247,107
Ethan Morriss	CLO	50.00	Highest	$243,944	$19,693	$263,637
Robert Hale	VP IT	50.00	Highest	$200,148	$35,116	$235,264
Robert Maynes	General Counsel	50.00	Highest	$191,663	$36,878	$228,541
Steven Foster	Chief Marketing Officer	50.00	Highest	$197,174	$23,682	$220,856

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	$40,379,652	$37,338,126	$670,374,743	$3,041,526
2022	$34,471,344	$27,768,395	$632,584,518	$6,702,949
2021	$25,224,569	$19,734,323	$523,244,319	$5,490,246
2020	$18,586,162	$15,139,122	$385,029,510	$3,447,040
2019	$18,410,798	$15,088,746	$309,621,793	$3,322,052
2018	$17,046,534	$15,126,099	$292,276,415	$1,920,435

Frontier Credit Union