HUNTINGTON BEACH CREDIT UNION (EIN 951821708) - 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

ANGELA K CLITHEROW

Phone

7145366517

Tax Period

2023-01-01 to 2023-12-31

HUNTINGTON BEACH CREDIT UNION, founded in 1953, is a community nonprofit in the Public & Societal Benefit sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Net assets of $6.4M represent 38 months of operating reserves.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $993,044

Investment Income $1,034,933

Other Revenue $0

TOTAL REVENUE $2,027,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $615,917

Fundraising Expenses $0

Other Expenses $1,467,317

TOTAL EXPENSES $2,083,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,027,977	$1,469,249	+0.4%
Expenses	$2,083,234	$1,469,729	+0.4%
Net Income	$-55,257	$-480	+114.1%

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

$167,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL D'ALESSANDRO	BOARD CHAIRPERSON	2.00	Director	$0	$0	$0
HOWARD ZELEFSKY	BOARD VICE CHAIRPERSON	2.00	Director	$0	$0	$0
MELVIN M BOWMAN	BOARD SECRETARY	2.00	Director	$0	$0	$0
GARY MEZA	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN A PETERSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH WHITECOTTON	SUPV CMTE CHAIRPERSON	2.00	Director	$0	$0	$0
DAVID DERESZYNSKI	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
VERONICA NAVARRO-MARTINEZ	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
LILIA GUERRERO	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
BONNIE TO	SUPV CMTE MEMBER	2.00	Director	$0	$0	$0
ANGELA K CLITHEROW	PRESIDENT/CEO	55.00	Officer	$162,431	$5,150	$167,581

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	$2,027,977	$2,083,234	$54,617,362	$-55,257
2022	$1,469,249	$1,469,729	$59,916,268	$-480
2021	$1,078,635	$1,303,206	$63,691,424	$-224,571
2020	$1,418,505	$1,246,369	$58,632,431	$172,136
2019	$1,912,947	$1,488,764	$53,895,806	$424,183
2018	$1,826,952	$1,824,733	$58,089,504	$2,219

HUNTINGTON BEACH CREDIT UNION