LIGHTHOUSE COMMUNITY CREDIT UNION (EIN 910614904) - 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

1953

Legal Domicile

Principal Officer

STEVEN BERNHOFT

Phone

3606948329

Tax Period

2021-01-01 to 2021-05-31

LIGHTHOUSE COMMUNITY CREDIT UNION, founded in 1953, is a small nonprofit that reported $112K in total revenue in fiscal year 2021. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $358K exceeded revenue, resulting in a 218% operating deficit.

Mission

NON-PROFIT, STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES TO OVER 1,600 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $195,626

Investment Income $-83,205

Other Revenue $0

TOTAL REVENUE $112,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,215

Fundraising Expenses $0

Other Expenses $203,442

TOTAL EXPENSES $357,657

Year-over-Year Comparison

	2021	2020	Change
Revenue	$112,421	$953,372	-0.9%
Expenses	$357,657	$880,385	-0.6%
Net Income	$-245,236	$72,987	-4.4%

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

$95,163

Total Directors

$77,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRISTOL	BOARD CHAIR	5.00	Director	$0	$0	$0
STEVE BERNHOFT	BOARD VICE CHAIR, PRESIDEN	40.00	Officer Director	$45,833	$0	$45,833
ALAN HAMILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CRISTHIAN CANSECO	BOARD TREASURER AND SECRET	2.00	Director	$0	$0	$0
BRETT BRYANT	ASSOCIATE BOARD MEMEBER	5.00	Director	$0	$0	$0
SHERRI FALKNER	ASSOCIATE BOARD MEMEBER	3.00	Director	$0	$0	$0
JENNIFER SMALL	BOARD MEMBER, SVP BRANCH	40.00	Officer Director	$31,250	$0	$31,250
CHRISTINE CLOSE	SENIOR LOAN OFFICER	40.00	Officer	$18,080	$0	$18,080

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
2021	$112,421	$357,657	No data	$-245,236
2020	$953,372	$880,385	$13,884,372	$72,987

LIGHTHOUSE COMMUNITY CREDIT UNION