ALTIER 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

1998

Legal Domicile

Principal Officer

DAVID SKILTON

Phone

6027973000

Tax Period

2018-01-01 to 2018-03-01

ALTIER CREDIT UNION, founded in 1998, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2018. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 58% operating deficit.

Mission

FINANCIAL COOPERATIVE PROVIDING LOANS/SERVICES TO CREDIT UNION MEMBERS.

Program Service Accomplishments

Program 1

CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES SECURED CONSUMER LOANS FOR AUTOMOBILES, MOBILE HOMES, AND HOME EQUITY PRODUCTS, AS WELL AS PROVIDING UNSECURED CONSUMER LOANS FOR CREDIT CARDS AND...

CONSUMER LENDING - ALTIER CREDIT UNION PROVIDES SECURED CONSUMER LOANS FOR AUTOMOBILES, MOBILE HOMES, AND HOME EQUITY PRODUCTS, AS WELL AS PROVIDING UNSECURED CONSUMER LOANS FOR CREDIT CARDS AND OTHER LINES OF CREDIT. DURING THE PERIOD OF JANUARY-FEBRUARY 2018, THE CREDIT UNION FUNDED 3,758 NEW LOANS AND DISBURSED $11,099,311.52 IN NEW LOAN BALANCES.

Program 2

CONSUMER DEPOSITS - ALTIER CREDIT UNION PROVIDES DEPOSIT SERVICES IN THE FORM OF SAVINGS, CHECKING, MONEY MARKET, AND CERTIFICATE OF DEPOSIT ACCOUNTS. AT THE CLOSE OF FEBRUARY 2018, THE CREDIT UNION...

Program 3

OTHER CONSUMER PRODUCTS - ALTIER CREDIT UNION OFFERS DEBT CANCELLATION INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE, EXTENDED VEHICLE WARRANTIES, AND GAP WARRANTIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,669,288

Investment Income $105,530

Other Revenue $0

TOTAL REVENUE $1,774,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,370

Fundraising Expenses $0

Other Expenses $2,090,849

TOTAL EXPENSES $2,795,778

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,774,818	$10,595,043	-0.8%
Expenses	$2,795,778	$19,560,848	-0.9%
Net Income	$-1,020,960	$-8,965,805	-0.9%

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

N/A

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

$41,251

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE PFISTER	CHAIR	1.00	Officer Director	$0	$0	$0
BRENDAN O'CONNOR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
YVONNE REININK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NATHAN ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NJOCK II	DIRECTOR	1.00	Director	$0	$0	$0
VICKI DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SKILTON	PRESIDENT/CEO	40.00	Officer	$26,180	$15,071	$41,251

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
2018	$1,774,818	$2,795,778	No data	$-1,020,960