HERITAGE COMMUNITY CREDIT UNION (EIN 941289802) - 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

1999

Legal Domicile

Principal Officer

ED TURK

Phone

9163641700

Tax Period

2024-01-01 to 2024-12-31

HERITAGE COMMUNITY CREDIT UNION, founded in 1999, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $14.6M left a modest 12% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,417,882

Investment Income $1,368,461

Other Revenue $2,757,940

TOTAL REVENUE $16,544,283

Expense Breakdown

Grants Paid $6,828

Salaries & Benefits $4,551,007

Fundraising Expenses $0

Other Expenses $10,060,613

TOTAL EXPENSES $14,618,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,544,283	$12,093,694	+0.4%
Expenses	$14,618,448	$11,232,303	+0.3%
Net Income	$1,925,835	$861,391	+1.2%

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

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

$807,449

Total Directors

$1,562

Key Employees

$418,061

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBI K BEEHLER	CHAIRPERSON	1.00	Director	$0	$0	$0
HARRY E HANNAN JR	VICE-CHAIRPERSON	1.00	Director	$0	$0	$0
ALLAN F WISNICKY	TREASURER	1.00	Director	$0	$0	$0
HUONG V VU	SECRETARY	1.00	Director	$0	$0	$0
WILLIAM J WINDLE	DIRECTOR	1.00	Director	$0	$0	$0
JOFIL BORJA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN QUAINTANCE	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY DAVIS	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
KEN EZEH	ASSOCIATE BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON HANNAN	SUPV CMTE CHAIRPERSON	1.00	Director	$0	$0	$0
ROBERT L COLLINS	SUPV CMTE SECRETARY	1.00	Director	$1,562	$0	$1,562
PETER THOMSEN	SUPV CMTE MEMBER	1.00	Director	$0	$0	$0
TINA KILGORE	SUPV CMTE ASSOCIATE MEMBER	1.00	Director	$0	$0	$0
HENRY FAVRO	SUPV CMTE ASSOCIATE MEMBER	1.00	Director	$0	$0	$0
ED TURK	PRESIDENT/CEO	40.00	Officer	$346,133	$52,687	$398,820
MATT HARMS	CFO	40.00	Officer	$177,692	$15,810	$193,502
CHRISTINE HAROLDSON	CLO	40.00	Officer	$184,774	$30,353	$215,127
CRAIG ENGSTROM	VP MEMBER SERVICES	40.00	Key Emp	$195,329	$27,815	$223,144
CHAD SUGGS	VP INFORMATION TECHNOLOGY	40.00	Key Emp	$172,179	$22,738	$194,917
NAOMI GILBERT	CONTROLLER	40.00	Highest	$120,406	$17,015	$137,421
RENEE MORGANSON	LENDING MANAGER	40.00	Highest	$105,750	$29,163	$134,913

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	$16,544,283	$14,618,448	$268,126,175	$1,925,835
2023	$12,093,694	$11,232,303	$272,972,081	$861,391
2022	$9,071,810	$8,603,886	$266,034,241	$467,924
2021	$8,680,088	$7,635,259	$248,959,506	$1,044,829
2020	$9,631,794	$9,606,176	$237,087,164	$25,618
2019	$9,534,573	$8,493,730	$216,600,957	$1,040,843
2018	$9,135,177	$8,384,237	$213,864,595	$750,940

HERITAGE COMMUNITY CREDIT UNION