FINANCIAL HORIZONS CREDIT UNION (EIN 880057898) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

THERESA LUPORI

Phone

7759452421

Tax Period

2024-01-01 to 2024-12-31

FINANCIAL HORIZONS CREDIT UNION, founded in 1947, is a mid-sized nonprofit that reported $13.1M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 15% operating margin.

Mission

FINANCIAL COOPERATIVE PROVIDING FINANCIAL SERVICES (SOLUTIONS) TO THE MEMBER/OWNERS OF THE CREDIT UNION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,263,459

Investment Income $2,801,775

Other Revenue $0

TOTAL REVENUE $13,065,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,438,187

Fundraising Expenses $0

Other Expenses $7,622,755

TOTAL EXPENSES $11,060,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,065,234	$12,765,860	+0.0%
Expenses	$11,060,942	$9,510,765	+0.2%
Net Income	$2,004,292	$3,255,095	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$352,067

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG HOMESTEAD	TREASURER	2.00	Officer Director	$0	$0	$0
JOAN SCIARANI-BLAKE	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDALL EMM	CHAIRMAN	4.00	Officer Director	$0	$0	$0
JEREMY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS ERICKSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BARBARA REUTER	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA LUPORI	CEO	40.00	Officer	$156,678	$20,395	$177,073
CHRIS SCHNEIDER	CFO	40.00	Officer	$154,697	$20,297	$174,994

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	$13,065,234	$11,060,942	$293,186,609	$2,004,292
2023	$12,765,860	$9,510,765	$282,462,445	$3,255,095
2022	$10,449,697	$7,430,584	$272,248,064	$3,019,113
2021	$8,770,455	$6,630,124	$270,951,452	$2,140,331
2020	$8,084,971	$6,638,311	$235,857,449	$1,446,660
2019	$8,573,703	$6,600,282	$197,320,118	$1,973,421
2018	$8,286,534	$6,426,665	$190,741,572	$1,859,869

FINANCIAL HORIZONS CREDIT UNION