EDUCATION 1ST CREDIT UNION (EIN 876121774) - 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

1932

Legal Domicile

Phone

8013924877

Tax Period

2024-01-01 to 2024-12-31

EDUCATION 1ST CREDIT UNION, founded in 1932, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 13% surplus.

Mission

FINANCIAL SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,259,882

Investment Income $46,565

Other Revenue $0

TOTAL REVENUE $3,306,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $801,460

Fundraising Expenses $0

Other Expenses $2,065,214

TOTAL EXPENSES $2,866,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,306,447	$2,441,306	+0.4%
Expenses	$2,866,674	$2,094,001	+0.4%
Net Income	$439,773	$347,305	+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

$238,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT GREENFIELD	President	50.00	Officer	$136,675	$0	$136,675
DELSA GULL	Vice President	40.00	Officer	$102,185	$0	$102,185
DARWIN SMITH	Director	1.00	Director	$0	$0	$0
LUCILLE BRIZZEE	Director	0.50	Director	$0	$0	$0
MATTHEW KILTS	Director	0.50	Director	$0	$0	$0
REED SPENCER	Director	0.50	Director	$0	$0	$0
KRISTY ELLIS	Director	1.00	Director	$0	$0	$0
JAY SEESE	Director	1.00	Director	$0	$0	$0
NICK WILCOX	Director	1.00	Director	$0	$0	$0
J P SEESE	Director	1.00	Director	$0	$0	$0
CHAD TUFT	Vice President	40.00	Officer	$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	$3,306,447	$2,866,674	$53,497,990	$439,773
2023	$2,441,306	$2,094,001	$47,532,213	$347,305
2022	$1,770,401	$1,452,016	$41,251,510	$318,385
2021	$1,880,285	$1,513,012	$43,083,007	$367,273
2020	$1,964,643	$1,699,107	$38,466,803	$265,536
2019	$1,988,875	$1,688,445	$34,604,038	$300,430
2018	$1,832,442	$1,566,968	$34,252,691	$265,474

EDUCATION 1ST CREDIT UNION