CPORT CREDIT UNION (EIN 010079380) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

KELSEY MARQUIS

Phone

2078786200

Tax Period

2024-01-01 to 2024-12-31

CPORT CREDIT UNION is a tax-exempt nonprofit with EIN 010079380, based in PORTLAND, ME. Founded in 1931, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $29,742,764 in total revenue and $26,859,358 in total expenses, with net assets of $41,614,756.

Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,311,391

Investment Income $4,040,987

Other Revenue $390,386

TOTAL REVENUE $29,742,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,129,889

Fundraising Expenses $0

Other Expenses $10,919,298

TOTAL EXPENSES $26,859,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,742,764	$29,808,507	0.0%
Expenses	$26,859,358	$26,330,012	+0.0%
Net Income	$2,883,406	$3,478,495	-0.2%

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

145

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

$775,996

Total Directors

$522,539

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE ARDITO	PRESIDENT/CEO/DIRECTOR	40.00	Officer Director	$497,943	$24,596	$522,539
SCOTT PAQUET	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRAVERSE FOURNIER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES CLOUTIER	TREASURER	1.00	Officer Director	$0	$0	$0
QUINCY HENTZEL	SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH CANNING	DIRECTOR	1.00	Director	$0	$0	$0
DIDIER HAKIZIMANA	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WOOD	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY MARQUIS	COO & CFO	40.00	Officer	$236,504	$16,953	$253,457
JENNIFER BOUCHARD	VP OF BRANCH OPERATIONS	40.00	Highest	$178,073	$7,961	$186,034
ALICIA WALSH	SVP OF HUMAN RESOURCES	40.00	Highest	$152,319	$19,159	$171,478
BILL WHITMORE	SVP OF BUSINESS SERVICES & IT	40.00	Highest	$183,289	$15,988	$199,277
KELLY CHAISSON	VP OF LENDING	40.00	Highest	$129,290	$12,432	$141,722
BRITTANY WIRTH	AVP OF FINANCE	40.00	Highest	$110,193	$15,892	$126,085

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	$29,742,764	$26,859,358	$420,193,906	$2,883,406
2023	$29,808,507	$26,330,012	$411,412,745	$3,478,495
2022	$26,576,030	$18,548,372	$419,648,693	$8,027,658
2021	$19,505,571	$14,230,970	$413,971,289	$5,274,601
2020	$15,552,447	$13,652,641	$342,207,870	$1,899,806
2019	$14,503,439	$12,343,699	$247,841,205	$2,159,740
2018	$12,416,693	$10,356,752	$218,992,661	$2,059,941

CPORT CREDIT UNION