ST MARY'S BANK CREDIT UNION (EIN 020187390) - 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

1908

Legal Domicile

Principal Officer

KENNETH SENUS

Phone

6036694600

Tax Period

2024-01-01 to 2024-12-31

ST MARY'S BANK CREDIT UNION, founded in 1908, is a mid-sized nonprofit that reported $93.2M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.3M, a strong 19% operating margin.

Mission

PROVIDE MEMBERS WITH DEPOSITS, LOANS, AND OTHER RELATED FINANCIAL 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 $86,552,124

Investment Income $6,644,050

Other Revenue $0

TOTAL REVENUE $93,196,174

Expense Breakdown

Grants Paid $729,193

Salaries & Benefits $29,736,558

Fundraising Expenses $0

Other Expenses $23,716,439

TOTAL EXPENSES $75,862,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,196,174	$78,521,927	+0.2%
Expenses	$75,862,803	$62,271,262	+0.2%
Net Income	$17,333,371	$16,250,665	+0.1%

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

362

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

$1,078,461

Total Directors

$45,660

Key Employees

$1,698,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN J GRZYWACZ	CHAIRMAN	3.00	Officer Director	$3,750	$0	$3,750
ELIZABETH HITCHCOCK	VICE CHAIRMAN	3.00	Officer Director	$5,550	$0	$5,550
STEPHEN A BAINES	DIRECTOR	3.00	Director	$2,000	$0	$2,000
GINA M BALKUS	DIRECTOR	3.00	Director	$3,500	$0	$3,500
DAVID H BELLMAN	DIRECTOR	3.00	Director	$5,950	$0	$5,950
GUY D CHAPDELAINE	DIRECTOR	3.00	Director	$4,550	$0	$4,550
CRAIG S DONAIS	DIRECTOR	3.00	Director	$5,750	$0	$5,750
DIANE P FITZPATRICK	DIRECTOR	3.00	Director	$3,500	$0	$3,500
DONNALEE LOZEAU	DIRECTOR	3.00	Director	$5,410	$0	$5,410
WILLIAM E STEVENS	DIRECTOR	3.00	Director	$5,700	$0	$5,700
KENNETH SENUS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$701,986	$58,707	$760,693
KEVIN NIHILL	CFO & TREASURER (TERMED 7/24)	50.00	Officer	$285,592	$6,280	$291,872
HOANG NGUYEN	CFO & TREASURER	50.00	Officer	$12,799	$3,797	$16,596
KYLE A SCHNECK	CHIEF LENDING OFFICER	50.00	Key Emp	$345,320	$57,642	$402,962
PAMELA ROY	CHIEF PEOPLE OFFICER	50.00	Key Emp	$273,422	$16,171	$289,593
LEO SIMARD	CHIEF RETAIL BANKING OFFICER	50.00	Key Emp	$296,275	$18,544	$314,819
TYLER WHITE	CHIEF STRATEGY OFFICER	50.00	Key Emp	$375,867	$56,675	$432,542
RANDY SIVIGNY	DIRECTOR OF COMMERCIAL LENDING	50.00	Key Emp	$221,048	$37,192	$258,240
KRITI MODI	DIRECTOR OF DIGITAL ENGAGEMENT & MEMBER EXPERIENC	50.00	Highest	$249,216	$9,237	$258,453
RONALD MACDONALD	DIRECTOR OF RESIDENTIAL LENDING	50.00	Highest	$228,647	$35,481	$264,128
SHIRLEY BHUTTO	DIRECTOR OF ENTERPRISE RISK MANAGMENT & COMMERCIAL	50.00	Highest	$221,013	$35,627	$256,640
KAREN MAYRAND	DIRECTOR OF RESIDENTIAL LENDING	50.00	Highest	$228,696	$21,368	$250,064
STEVEN MACEK	DIRECTOR OF CONSUMER LENDING	50.00	Highest	$226,854	$38,779	$265,633

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	$93,196,174	$75,862,803	$1,616,505,298	$17,333,371
2023	$78,521,927	$62,271,262	$1,496,355,192	$16,250,665
2022	$61,833,410	$49,715,300	$1,463,740,396	$12,118,110
2021	$59,217,128	$48,495,092	$1,405,116,910	$10,722,036
2020	$57,544,662	$48,510,108	$1,264,358,476	$9,034,554
2019	$53,141,667	$45,541,873	$1,045,764,638	$7,599,794
2018	$48,363,347	$40,351,628	$1,003,010,759	$8,011,719

ST MARY'S BANK CREDIT UNION