EVERGREEN CREDIT UNION (EIN 010216328) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

KATE ARCHAMBAULT

Phone

2072215000

Tax Period

2023-01-01 to 2023-12-31

EVERGREEN CREDIT UNION, founded in 1951, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $24.2M left a modest 15% surplus.

Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,134,453

Investment Income $1,861,482

Other Revenue $4,421,375

TOTAL REVENUE $28,417,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,145,780

Fundraising Expenses $0

Other Expenses $8,219,273

TOTAL EXPENSES $24,172,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,417,310	$21,853,203	+0.3%
Expenses	$24,172,387	$18,528,989	+0.3%
Net Income	$4,244,923	$3,324,214	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

134

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

$759,100

Total Directors

Key Employees

$540,972

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA LIPSEY	CHAIR	1.00	Officer Director	$0	$0	$0
RACHEL GREEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JULIE NATALE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT DORR	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS DOE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KING	DIRECTOR	1.00	Director	$0	$0	$0
JIM WILSON	DIRECTOR	1.00	Director	$0	$0	$0
RUTH WALSH	DIRECTOR	1.00	Director	$0	$0	$0
JASON LINDSTROM	CEO	40.00	Officer	$409,596	$23,246	$432,842
KATHLEEN ARCHAMBAULT	CFO	40.00	Officer	$285,532	$40,726	$326,258
TIMOTHY VERREAULT	COO	40.00	Key Emp	$290,310	$29,382	$319,692
JERE SHAW	VP CML LENDING	40.00	Key Emp	$198,046	$23,234	$221,280
DENIS KNOX	VP LENDING	40.00	Highest	$169,968	$28,940	$198,908
CATHY LESTAGE	SVP OF HR	40.00	Highest	$193,396	$26,074	$219,470
NATHAN DAVIS	VP OF IT	40.00	Highest	$165,244	$28,454	$193,698
RICHARD FOLSE	VP OF BRANCH ADMIN THRU 10/23	40.00	Highest	$198,733	$25,512	$224,245
MICHAEL DOREY	VP OF DEPOSIT OPERATIONS	40.00	Highest	$144,932	$12,357	$157,289

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	$28,417,310	$24,172,387	$538,657,901	$4,244,923
2022	$21,853,203	$18,528,989	$495,681,435	$3,324,214
2021	$18,374,213	$16,697,278	$464,620,792	$1,676,935
2020	$16,514,366	$15,499,397	$401,835,756	$1,014,969
2019	$16,124,008	$13,894,311	$315,745,025	$2,229,697
2018	$14,236,278	$11,839,030	$292,386,903	$2,397,248

EVERGREEN CREDIT UNION