SAFEAMERICA CREDIT UNION (EIN 941664405) - 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

ROGER BALLARD

Phone

9258478316

Tax Period

2025-01-01 to 2025-01-31

SAFEAMERICA CREDIT UNION, founded in 1953, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $4.6M exceeded revenue, resulting in a 129% operating deficit.

Mission

PROVIDE SUPERIOR PERSONAL SERVICE AND ATTRACTIVE FINANCIAL PRODUCTS 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 $1,705,769

Investment Income $323,177

Other Revenue $0

TOTAL REVENUE $2,028,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,401,827

Fundraising Expenses $0

Other Expenses $1,503,125

TOTAL EXPENSES $4,637,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,028,946	$24,663,577	-0.9%
Expenses	$4,637,585	$26,225,041	-0.8%
Net Income	$-2,608,639	$-1,561,464	+0.7%

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

$77,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS ZAMPELLA	CHAIRMAN	1.00	Director	$0	$0	$0
BRIAN SCHULTZ	EXECUTIVE VICE CHAIRMAN	1.00	Director	$0	$0	$0
JASON CHANG	1ST VICE CHAIRPERSON	1.00	Director	$0	$0	$0
SUSAN WALLS	TREASURER/SECRETARY	1.00	Director	$0	$0	$0
DIANE BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY THAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER BALLARD	INTERIM CEO	10.00	Officer	$0	$0	$0
LYNN LUU	CONTROLLER	40.00	Officer	$69,594	$7,638	$77,232

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
2025	$2,028,946	$4,637,585	No data	$-2,608,639
2024	$24,663,577	$26,225,041	$506,930,167	$-1,561,464
2023	$24,473,880	$22,415,198	$527,564,205	$2,058,682
2022	$21,376,777	$17,645,567	$532,148,907	$3,731,210
2021	$20,698,342	$16,347,835	$545,562,610	$4,350,507
2020	$21,094,587	$18,311,472	$512,835,975	$2,783,115
2019	$21,407,095	$17,982,255	$471,626,882	$3,424,840
2018	$19,165,575	$17,220,264	$446,231,083	$1,945,311

SAFEAMERICA CREDIT UNION