ARTESIA CREDIT UNION (EIN 850123266) - 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

1955

Legal Domicile

Principal Officer

KAREN RAPP

Phone

5757489779

Tax Period

2023-01-01 to 2023-12-31

ARTESIA CREDIT UNION, founded in 1955, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 22% operating margin.

Mission

ENCOURAGE THRIFT AMONG MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST, AND PROVIDE AN OPPORTUNITY FOR MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION.

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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 $6,335,159

Investment Income $642,037

Other Revenue $0

TOTAL REVENUE $6,977,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,538,323

Fundraising Expenses $0

Other Expenses $3,937,700

TOTAL EXPENSES $5,476,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,977,196	$5,385,099	+0.3%
Expenses	$5,476,023	$3,764,571	+0.5%
Net Income	$1,501,173	$1,620,528	-0.1%

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

$589,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
CAMILLE GEORGE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHERIE WIDMAYER	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
ALLEN WILLARD	DIRECTOR	2.00	Director	$0	$0	$0
RONALD JOHNSTON	CEO	40.00	Officer	$279,965	$0	$279,965
KAREN RAPP	CFO	40.00	Officer	$139,029	$0	$139,029
STUART JOHNSTON	VP	40.00	Officer	$170,021	$0	$170,021

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	$6,977,196	$5,476,023	$148,126,258	$1,501,173
2022	$5,385,099	$3,764,571	$139,752,827	$1,620,528
2021	$4,817,768	$3,682,183	$131,580,613	$1,135,585
2020	$5,036,243	$3,956,853	$120,407,145	$1,079,390
2019	$4,975,726	$4,027,671	$113,074,942	$948,055
2018	$4,446,924	$3,173,078	$105,229,717	$1,273,846

ARTESIA CREDIT UNION