FINANCIAL SECURITY CREDIT UNION

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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

1954

Legal Domicile

Principal Officer

JUDY CARRASCO

Phone

5758876030

Tax Period

2023-01-01 to 2023-12-31

FINANCIAL SECURITY CREDIT UNION, founded in 1954, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $888K, a strong 24% operating margin.

Mission

SEE PART I, NUMBER 1

Program Service Accomplishments

Program 1

THE CREDIT UNION PROVIDED MEMBERS A VARIETY OF BANKING SERVICES INCLUDING LOANS AT RATES BELOW THOSE OFFERED BY TRADITIONAL FINANCIAL INSTITUTIONS.

Program 2

THE CREDIT UNION RETURNED EARNINGS OF APPROXIMATELY $173,000 IN THE FORM OF INTEREST/DIVIDENDS TO ITS MEMBERS.

Program 3

THE CREDIT UNION INCREASED THE MEMBERS' EQUITY POSITION BY APPROXIMATELY $947,000.

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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 $2,969,082

Investment Income $560,034

Other Revenue $199,601

TOTAL REVENUE $3,728,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,204,154

Fundraising Expenses $0

Other Expenses $1,637,018

TOTAL EXPENSES $2,841,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,728,717	$3,190,623	+0.2%
Expenses	$2,841,172	$2,584,154	+0.1%
Net Income	$887,545	$606,469	+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

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

$267,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON CROCKETT	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MISTI FERNANDEZ	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KAY TIGERT	TREASURER	2.00	Officer Director	$0	$0	$0
RILEY NEATHERLIN	SECRETARY	2.00	Officer Director	$0	$0	$0
VICTOR MARTINEZ	DIRECTOR	2.00	Director	$0	$0	$0
JUDY CARRASCO	CEO	40.00	Officer	$149,474	$0	$149,474
KATHERINE NAVARRETTE	VP OPERATIONS	40.00	Officer	$118,181	$0	$118,181

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	$3,728,717	$2,841,172	$59,797,422	$887,545
2022	$3,190,623	$2,584,154	$59,542,140	$606,469
2021	$2,745,222	$2,674,936	$55,978,482	$70,286
2020	$2,794,228	$2,634,981	$53,205,701	$159,247
2019	$2,889,372	$2,632,733	$48,266,899	$256,639
2018	$2,562,690	$2,207,717	$46,605,632	$354,973