FIRST AMERICAN CREDIT UNION (EIN 860189823) - 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

1962

Legal Domicile

Principal Officer

PHIL PETERS

Phone

5208368848

Tax Period

2023-01-01 to 2023-12-31

FIRST AMERICAN CREDIT UNION, founded in 1962, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 26% operating margin.

Mission

A NON-PROFIT COOPERATIVE THAT PROVIDES BANKING PRODUCTS AND SERVICE TO ITS MEMBERSHIP.

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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 $6,112,397

Investment Income $1,207,414

Other Revenue $0

TOTAL REVENUE $7,319,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,194,610

Fundraising Expenses $0

Other Expenses $2,843,775

TOTAL EXPENSES $5,420,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,319,811	$6,042,768	+0.2%
Expenses	$5,420,023	$4,569,879	+0.2%
Net Income	$1,899,788	$1,472,889	+0.3%

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

$216,626

Total Directors

$142,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL PETERS	PRESIDENT & CEO/DIRECTOR	40.00	Officer Director	$129,345	$12,903	$142,248
FRANK MESQUITA	CFO (THRU 8/31/23)	40.00	Officer	$63,940	$10,438	$74,378
JR MCEVOY	CHAIR	1.00	Officer Director	$0	$0	$0
CLIFF KINSER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SYLVIA MEJIA	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE HUDSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH HARDY	DIRECTOR	1.00	Director	$0	$0	$0
DUANE WALLACE	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$7,319,811	$5,420,023	$117,540,744	$1,899,788
2022	$6,042,768	$4,569,879	$109,153,033	$1,472,889
2021	$4,418,777	$4,122,057	$109,604,359	$296,720
2020	$4,437,781	$4,018,886	$95,034,394	$418,895
2019	$5,415,762	$5,103,425	$81,361,882	$312,337
2018	$5,883,857	$7,106,049	$78,024,900	$-1,222,192

FIRST AMERICAN CREDIT UNION