Organized Labor Credit Union

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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

1974

Legal Domicile

Principal Officer

Sara Klein

Phone

2095278731

Tax Period

2023-01-01 to 2023-12-31

Organized Labor Credit Union, founded in 1974, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $335K, a strong 20% operating margin.

Mission

A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.

Program Service Accomplishments

Program 1

Provided deposit and loan accounts to 3,479 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $815,101

Investment Income $376,047

Other Revenue $469,156

TOTAL REVENUE $1,660,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,053

Fundraising Expenses $0

Other Expenses $746,848

TOTAL EXPENSES $1,325,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,660,304	$1,286,713	+0.3%
Expenses	$1,325,262	$1,049,019	+0.3%
Net Income	$335,042	$237,694	+0.4%

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

$173,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sara Klein	President/CEO	40.00	Officer	$173,034	$0	$173,034
Ed Dicochea	BD Chairman	2.00	Director	$0	$0	$0
Sean Wilkins	BD Vice Chair	2.00	Director	$0	$0	$0
Valerie Rodgers	BD Sec/Treas	2.00	Director	$0	$0	$0
Scott Taylor	SC member	1.00	Director	$0	$0	$0
Alfred Wiley	Director	2.00	Director	$0	$0	$0
Connie Floyd	Director	2.00	Director	$0	$0	$0
Charles Bush	Director	2.00	Director	$0	$0	$0
Brenda Gorshuch	SC Chair	1.00	Director	$0	$0	$0
James Wood	SC member	1.00	Director	$0	$0	$0
Larry Machado	Director	2.00	Director	$0	$0	$0
Virginia Beeman	SC member	1.00	Director	$0	$0	$0
Derek Miles	SC member	1.00	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	No data	No data	No data	No data
2023	$1,660,304	$1,325,262	$37,741,365	$335,042
2022	$1,286,713	$1,049,019	$34,765,063	$237,694
2021	$1,240,869	$983,833	$34,448,384	$257,036
2020	$1,190,417	$956,457	$32,859,188	$233,960
2019	$1,167,327	$959,622	$27,521,052	$207,705
2018	$1,003,401	$873,221	$24,304,393	$130,180