PEOPLESCHOICE CREDIT UNION (EIN 016015389) - 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

1962

Legal Domicile

Principal Officer

ADAM WARFEL

Phone

2072824156

Tax Period

2024-01-01 to 2024-12-31

PEOPLESCHOICE CREDIT UNION, founded in 1962, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $21.5M left a modest 7% surplus.

Mission

PROVIDE MEMBERS WITH SAVINGS AND LOAN SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,796,251

Investment Income $2,266,423

Other Revenue $4,086,886

TOTAL REVENUE $23,149,560

Expense Breakdown

Grants Paid $50,168

Salaries & Benefits $6,720,598

Fundraising Expenses $0

Other Expenses $7,807,535

TOTAL EXPENSES $21,528,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,149,560	$19,812,909	+0.2%
Expenses	$21,528,239	$17,905,256	+0.2%
Net Income	$1,621,321	$1,907,653	-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

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

$759,888

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA PARKER	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY RAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIMBERLY TITUS	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFFREY IACUESSA	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN DESCHAMBAULT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MONTEMBEAU	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG PENDLETON	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS VIGNEAULT	DIRECTOR	1.00	Director	$0	$0	$0
LUKE LABBE	CEO	40.00	Officer	$452,821	$28,969	$481,790
ADAM WARFEL	CFO	40.00	Officer	$238,517	$39,581	$278,098
DANIEL DALLAIRE	COO	40.00	Highest	$212,438	$39,442	$251,880
KURT SCHICKLE	AVP MORTGAGE LENDING	40.00	Highest	$227,633	$11,339	$238,972
JOHN LAVERRIERE	VP MARKETING & TECHNOLOGY	40.00	Highest	$150,197	$24,836	$175,033
KYLE SOULE	MORTGAGE LOAN OFFICER	40.00	Highest	$140,739	$20,278	$161,017
MARY THIBEAULT	BRANCH MANAGER	40.00	Highest	$109,027	$10,875	$119,902

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	$23,149,560	$21,528,239	$352,670,156	$1,621,321
2023	$19,812,909	$17,905,256	$356,302,662	$1,907,653
2022	$16,021,690	$13,632,529	$320,519,293	$2,389,161
2021	$13,957,386	$12,458,218	$306,124,509	$1,499,168
2020	$13,730,436	$12,394,484	$266,475,570	$1,335,952
2019	$13,422,216	$12,047,216	$211,779,562	$1,375,000
2018	$12,591,322	$11,491,322	$202,927,457	$1,100,000

PEOPLESCHOICE CREDIT UNION