COMMUNITY 1ST CREDIT UNION (EIN 910403380) - 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

1934

Legal Domicile

Principal Officer

DANIEL M LEFREE

Phone

2537225212

Tax Period

2025-01-01 to 2025-10-01

COMMUNITY 1ST CREDIT UNION, founded in 1934, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

HELPING ENSURE A MORE PROSPEROUS FINANCIAL FUTURE FOR OUR MEMBERS.

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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 $5,918,558

Investment Income $1,853,964

Other Revenue $50,574

TOTAL REVENUE $7,823,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,945,277

Fundraising Expenses $0

Other Expenses $4,877,488

TOTAL EXPENSES $7,822,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,823,096	$11,373,637	-0.3%
Expenses	$7,822,765	$10,725,929	-0.3%
Net Income	$331	$647,708	-1.0%

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

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

$421,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL LEFREE	PRESIDENT/CEO/TREASURER	50.00	Officer	$222,385	$35,288	$257,673
NICOLE LOUGHEED	EXECUTIVE VICE PRESIDENT/CFO	50.00	Officer	$133,258	$30,419	$163,677
FRANK WORDEN	BOARD CHAIRPERSON	1.50	Officer Director	$0	$0	$0
ELAINE TIERNEY	BOARD VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAMES REMY	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN BATES	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE PARENT	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN WALKER	BOARD MEMBER (THRU 1/25)	1.00	Director	$0	$0	$0
LARRY WILLIAMS	BOARD MEMBER (THRU 1/25)	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	$7,823,096	$7,822,765	No data	$331
2024	$11,373,637	$10,725,929	$186,974,161	$647,708
2023	$11,928,214	$11,003,885	$205,367,768	$924,329
2022	$10,270,112	$9,482,154	$223,097,117	$787,958
2021	$8,977,951	$7,917,650	$215,109,348	$1,060,301
2020	$7,385,227	$7,249,118	$174,649,243	$136,109
2019	$7,240,922	$6,213,723	$141,233,805	$1,027,199
2018	$4,801,509	$5,485,079	$144,682,634	$-683,570

COMMUNITY 1ST CREDIT UNION