UNITED LOCAL CREDIT UNION (EIN 941518911) - 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

ANGELINA MALDONADO

Phone

5592278329

Tax Period

2024-01-01 to 2024-12-31

UNITED LOCAL CREDIT UNION, founded in 1953, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

PROVIDE CREDIT UNION SERVICES 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 $5,319,923

Investment Income $1,063,297

Other Revenue $0

TOTAL REVENUE $6,383,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,177,430

Fundraising Expenses $0

Other Expenses $3,153,406

TOTAL EXPENSES $5,330,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,383,220	$6,423,094	0.0%
Expenses	$5,330,836	$5,152,180	+0.0%
Net Income	$1,052,384	$1,270,914	-0.2%

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

$424,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY ANDERSON	VICE BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE BENELLI	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM HAZELRIGG	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAMELA NIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
LARS OAKANDER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELINA MALDONADO	PRESIDENT/CEO	40.00	Officer	$265,666	$39,798	$305,464
SHERWOOD BROWN	CONTROLLER	40.00	Officer	$103,860	$14,956	$118,816
VIREN MISTRY	VICE PRESIDENT/COO	40.00	Highest	$115,635	$37,663	$153,298

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	$6,383,220	$5,330,836	$121,456,226	$1,052,384
2023	$6,423,094	$5,152,180	$123,664,475	$1,270,914
2022	$5,673,257	$4,860,069	$133,385,368	$813,188
2021	$5,172,204	$4,563,345	$131,595,863	$608,859
2020	$4,870,897	$4,732,494	$122,783,447	$138,403
2019	$5,298,452	$4,827,718	$111,305,682	$470,734
2018	$4,652,381	$4,766,221	$109,867,335	$-113,840
2017	$4,859,734	$4,655,175	$110,818,575	$204,559

UNITED LOCAL CREDIT UNION