FREEDOM NORTHWEST CREDIT UNION (EIN 820262758) - 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

1963

Legal Domicile

Principal Officer

GREGORY S GARRET

Phone

2089350277

Tax Period

2024-01-01 to 2024-12-31

FREEDOM NORTHWEST CREDIT UNION, founded in 1963, is a mid-sized nonprofit that reported $41.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.0M, a strong 29% operating margin.

Mission

STATE CHARTERED CREDIT UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,719,188

Investment Income $4,348,236

Other Revenue $0

TOTAL REVENUE $41,067,424

Expense Breakdown

Grants Paid $157,972

Salaries & Benefits $5,194,073

Fundraising Expenses $0

Other Expenses $23,702,157

TOTAL EXPENSES $29,054,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,067,424	$35,778,801	+0.1%
Expenses	$29,054,202	$23,968,147	+0.2%
Net Income	$12,013,222	$11,810,654	+0.0%

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

$1,396,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA ULMER	BOD DIRECTOR	1.00	Director	$0	$0	$0
BETTY CLONIGER	BOD DIRECTOR	1.00	Director	$0	$0	$0
CARMON HENRY	BOD DIRECTOR	1.00	Director	$0	$0	$0
RODNEY KROGH	BOD VICECHAIRPERSON	1.00	Director	$0	$0	$0
ADAM MCMURTRIE	BOD TREASURER	1.00	Director	$0	$0	$0
KEVIN STEERE	BOD CHAIRPERSON	1.00	Director	$0	$0	$0
DAN TRANKLE	BOD SECRETARY	1.00	Director	$0	$0	$0
GREGORY S GARRETT	CEO	40.00	Officer	$430,465	$59,292	$489,757
JAMES DAVY	CIO	40.00	Officer	$149,358	$33,026	$182,384
CHAD N SMITH	CLO	40.00	Officer	$216,077	$47,267	$263,344
DON C BELISLE	CFO	40.00	Officer	$258,870	$52,692	$311,562
CINDY CHILDERS	COO	40.00	Officer	$117,385	$32,564	$149,949
DAN MCFETRIDGE	LOAN OFFICER	40.00	Highest	$235,579	$60,094	$295,673
ARA LYCAN	LOAN OFFICER	40.00	Highest	$102,638	$32,176	$134,814
TYLER PRESBY	LOAN OFFICER	40.00	Highest	$124,026	$36,667	$160,693
BRADY KING	IT MANAGER	40.00	Highest	$104,500	$32,567	$137,067
KIMBERLEY SULLIVAN	LOAN ASSISTANT	40.00	Highest	$101,908	$41,194	$143,102

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	$41,067,424	$29,054,202	$588,492,674	$12,013,222
2023	$35,778,801	$23,968,147	$613,960,024	$11,810,654
2022	$27,109,211	$13,887,402	$497,919,829	$13,221,809
2021	$22,504,684	$11,780,839	$426,143,520	$10,723,845

FREEDOM NORTHWEST CREDIT UNION