PREMIER COMMUNITY CREDIT UNION (EIN 941215832) - 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

1931

Legal Domicile

Principal Officer

RUSSEL HAGEN

Phone

2099544324

Tax Period

2022-01-01 to 2022-03-29

PREMIER COMMUNITY CREDIT UNION, founded in 1931, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,054,890

Investment Income $272,152

Other Revenue $967

TOTAL REVENUE $1,328,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,935

Fundraising Expenses $0

Other Expenses $860,287

TOTAL EXPENSES $1,554,222

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,328,009	$5,748,191	-0.8%
Expenses	$1,554,222	$5,790,640	-0.7%
Net Income	$-226,213	$-42,449	+4.3%

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

$54,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN PATTERSON	CHAIRPERSON	1.00	Director	$0	$0	$0
JACALYN DAVIS	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
LINDA MORA	BOARD TREASURER	1.00	Director	$0	$0	$0
HANK KLOR	BOARD SECRETARY	1.00	Director	$0	$0	$0
TROY BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN FARNUM	SUPERVISORY COMMITTEE CHAI	1.00	Director	$0	$0	$0
EMILY NICHOLAS	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
DULCY BUCHAN	SUPERVISORY COMMITTEE MEMB	1.00	Director	$0	$0	$0
RUSSEL HAGEN	CEO	50.00	Officer	$49,846	$4,236	$54,082

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
2022	$1,328,009	$1,554,222	No data	$-226,213
2021	$5,748,191	$5,790,640	$207,588,741	$-42,449
2020	$6,033,985	$5,892,483	$183,092,211	$141,502
2019	$7,217,207	$6,343,971	$154,951,140	$873,236
2018	$6,791,245	$6,168,985	$150,488,766	$622,260

PREMIER COMMUNITY CREDIT UNION