Freedom Credit Union (EIN 870253260) - 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

1956

Legal Domicile

Phone

8013752120

Tax Period

2025-01-01 to 2025-12-31

Freedom Credit Union, founded in 1956, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $955K, a strong 22% operating margin.

Mission

Provide a full range of financial services to members of the credit union. The credit union currently services members primarily located in Utah County, Utah.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,556,872

Investment Income $445,555

Other Revenue $364,100

TOTAL REVENUE $4,366,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $933,923

Fundraising Expenses $0

Program Expenses $3,411,660

Other Expenses $2,477,737

TOTAL EXPENSES $3,411,660

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,366,527	$3,572,134	+0.2%
Expenses	$3,411,660	$3,124,730	+0.1%
Net Income	$954,867	$447,404	+1.1%

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

$169,129

Total Directors

$105,258

Key Employees

$274,387

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Payne	President & CEO	40.00	Officer Key Emp Highest	$169,129	$0	$169,129
Suzanne M Ashby	EVP & Board Secretary	40.00	Director Key Emp	$105,258	$0	$105,258
Thomas Crabb	Board Chairman	1.00	Director	$0	$0	$0
Lynn Smith	Board vice Chairman	1.00	Director	$0	$0	$0
Robin Roberts	Board Member	1.00	Director	$0	$0	$0
Robert Wager	Board Member	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
2025	$4,366,527	$3,411,660	$68,265,342	$954,867
2024	$3,572,134	$3,124,730	$67,258,037	$447,404
2023	$2,977,572	$2,593,058	$61,133,046	$384,514
2022	$2,318,403	$1,907,602	$63,162,368	$410,801
2021	$2,056,202	$1,519,302	$59,201,307	$536,900
2020	$1,988,316	$1,675,394	$50,114,394	$312,922

Freedom Credit Union