NIKKEI CREDIT UNION (EIN 952021710) - 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

JON HERNANDEZ

Phone

3103241544

Tax Period

2023-01-01 to 2023-12-31

NIKKEI CREDIT UNION, founded in 1951, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $621K, a strong 17% operating margin.

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 $2,801,056

Investment Income $608,851

Other Revenue $244,257

TOTAL REVENUE $3,654,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,153,883

Fundraising Expenses $0

Other Expenses $1,282,149

TOTAL EXPENSES $3,033,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,654,164	$2,876,355	+0.3%
Expenses	$3,033,173	$2,275,025	+0.3%
Net Income	$620,991	$601,330	+0.0%

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

$336,762

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON HERNANDEZ	CEO	16.00	Officer	$169,128	$9,629	$178,757
JAY LEE	Vice President	39.00	Officer	$149,485	$8,520	$158,005
GARY NAKATA	Board Chair	16.00	Director	$0	$0	$0
Alyssa Tanaka Phom	Board Vice Chai	4.00	Director	$0	$0	$0
RYAN SUZUKI	Board Secretary	4.00	Director	$0	$0	$0
GLENN MATSUSHIMA	Board Treasurer	5.00	Director	$0	$0	$0
Kenneth Matsuno	BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN YOSHIMURA	SC CHAIR	3.00	Director	$0	$0	$0
JAMES KAWASHIMA	SC Member	2.00	Director	$0	$0	$0
Caryn Sugita Richie	SC MEMBER	1.00	Director	$0	$0	$0
MASAHIDE NAKAGAWA	SC MEMBER	2.00	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	$3,654,164	$3,033,173	$87,650,876	$620,991
2022	$2,876,355	$2,275,025	$90,027,226	$601,330
2021	$2,441,423	$2,089,375	$86,038,543	$352,048
2020	$2,503,505	$2,302,809	$79,585,488	$200,696
2019	$2,483,405	$2,330,214	$72,210,690	$153,191
2018	$2,207,725	$1,868,942	$70,856,786	$338,783

NIKKEI CREDIT UNION