Utility District Credit Union (EIN 941021891) - 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

1935

Legal Domicile

Phone

5102870465

Tax Period

2024-01-01 to 2024-12-31

Utility District Credit Union, founded in 1935, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Net assets of $2.8M represent 32 months of operating reserves.

Mission

Promoting thrift and providing low cost loans to 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 $563,932

Investment Income $421,092

Other Revenue $43,656

TOTAL REVENUE $1,028,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $606,404

Fundraising Expenses $0

Other Expenses $381,802

TOTAL EXPENSES $999,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,028,680	$995,618	+0.0%
Expenses	$999,846	$1,032,920	0.0%
Net Income	$28,834	$-37,302	-1.8%

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

$167,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Rappa	CEO	40.00	Officer	$104,259	$5,085	$109,344
Carolyn Maughn	CEO	40.00	Officer	$57,374	$288	$57,662
Alicia Chakrabarti	Board Member	0.50	Director	$0	$0	$0
Cynthis Adkisson	Board Member	0.50	Director	$0	$0	$0
Samuel Feldman	Board President	0.50	Director	$0	$0	$0
David Correa	SC Member	0.50	Director	$0	$0	$0
Barry Gardin	Board Member	0.50	Director	$0	$0	$0
Gistand Williams	Board Member	0.50	Director	$0	$0	$0
Sunnel Brisco	Board Member	0.50	Director	$0	$0	$0
Janetta Johnson	SC Chair	0.50	Director	$0	$0	$0
David Glasser	SC Member	0.50	Director	$0	$0	$0
Rischa Cole	Board Member	0.50	Director	$0	$0	$0
Winnie Anderson	SC Member	0.50	Director	$0	$0	$0
Karyn Billeci	SC Member	0.50	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
2024	$1,028,680	$999,846	$32,833,109	$28,834
2023	$995,618	$1,032,920	$36,614,254	$-37,302
2022	$816,860	$890,082	$37,976,975	$-73,222
2021	$700,015	$893,183	$36,719,200	$-193,168
2020	$909,484	$885,836	$36,075,380	$23,648
2019	$1,031,567	$866,624	$32,576,787	$164,943
2018	$991,585	$846,894	$32,833,848	$144,691

Utility District Credit Union