EDUCATION CREDIT UNION FOUNDATION (EIN 882267642) - 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

2021

Legal Domicile

Principal Officer

MARCUS SMITH

Phone

8062424927

Tax Period

2023-01-01 to 2023-12-31

EDUCATION CREDIT UNION FOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $984K in total revenue in fiscal year 2023. Revenue surged 15751% from the prior year, signaling strong growth momentum. Expenses of $954K left a modest 3% surplus.

Mission

THE ORGANIZATION SEEKS TO FOSTER AND PROMOTE UPWARD SOCIO-ECONOMIC MOBILITY OF CHILDREN AND ADULTS IN THE TEXAS PANHANDLE COMMUNITY

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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 $981,472

Program Service Revenue $0

Investment Income $100

Other Revenue $2,778

TOTAL REVENUE $984,350

Expense Breakdown

Grants Paid $953,518

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $953,518

Other Expenses $0

TOTAL EXPENSES $953,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$984,350	$6,210	+157.5%
Expenses	$953,518	$5,423	+174.8%
Net Income	$30,832	$787	+38.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
ADRIAN ALAJANDRE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HALEY PATE	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA PURDY	DIRECTOR	1.00	Director	$0	$0	$0
BUDDY STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY SHARPENSTEEN	DIRECTOR	1.00	Director	$0	$0	$0
MATT MORGAN	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$984,350	$953,518	$31,619	$30,832

EDUCATION CREDIT UNION FOUNDATION