JACOM CREDIT UNION (EIN 951858171) - 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

1951

Legal Domicile

Principal Officer

SCOTT UMEMOTO

Phone

3237319358

Tax Period

2023-01-01 to 2023-12-31

JACOM CREDIT UNION, founded in 1951, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 34% operating deficit.

Mission

To engage in primary business of a credit union, to receive and accumulate funds to be loaned and to loan out to qualified members of this credit union. To promote thrift, honesty, integrity, business methods and the spirit of service among it's 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 $0

Investment Income $1,456,145

Other Revenue $58

TOTAL REVENUE $1,456,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,441

Fundraising Expenses $0

Other Expenses $1,199,964

TOTAL EXPENSES $1,945,405

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,456,203	$1,611,425	-0.1%
Expenses	$1,945,405	$1,884,574	+0.0%
Net Income	$-489,202	$-273,149	+0.8%

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

N/A

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

$143,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT UMEMOTO	CEO	40.00	Officer	$143,621	$0	$143,621
MILTON NOJI	BOARD MEMBER	0.00	Director	$0	$0	$0
RON SHINTANI	VICE CHAIRMAN	0.00	Director	$0	$0	$0
MIKA MATSUI	Secretary	0.00	Director	$0	$0	$0
LOREN PETROWSKI	Director	0.00	Director	$0	$0	$0
KEVIN KITASHIMA	Supervisor Comm	0.00	Director	$0	$0	$0
WALTER RODRIGUEZ	Chairman	0.00	Director	$0	$0	$0
RAJESH GUPTA	Supervisor Comm	0.00	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	$1,456,203	$1,945,405	$60,590,185	$-489,202
2022	$1,611,425	$1,884,574	$65,310,787	$-273,149
2021	$1,383,339	$1,796,562	$72,210,926	$-413,223
2020	$1,740,443	$1,791,803	$72,475,428	$-51,360
2019	$2,108,700	$1,842,060	$70,069,492	$266,640
2018	$2,040,207	$1,848,349	$72,203,025	$191,858

JACOM CREDIT UNION