TRIANGLE CREDIT UNION

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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

1939

Legal Domicile

Principal Officer

A SCOTT MACKNIGHT

Phone

6038892470

Tax Period

2023-01-01 to 2023-12-31

TRIANGLE CREDIT UNION, founded in 1939, is a mid-sized nonprofit that reported $37.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

A STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES BY TAKING DEPOSITS FROM AND MAKING LOANS TO ITS MEMBERS

Program Service Accomplishments

Program 1

MAINTENANCE OF MEMBER DEPOSIT ACCOUNTS. NUMBER OF DEPOSIT ACCOUNTS IS 105,419. MAKING LOANS TO MEMBERS AT MARKET RATES OF INTEREST. NUMBER OF LOAN ACCOUNTS IS 21,887.

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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 $27,264,793

Investment Income $2,771,252

Other Revenue $7,348,407

TOTAL REVENUE $37,384,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,549,732

Fundraising Expenses $0

Other Expenses $22,819,626

TOTAL EXPENSES $36,369,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,384,452	$30,787,097	+0.2%
Expenses	$36,369,358	$28,733,042	+0.3%
Net Income	$1,015,094	$2,054,055	-0.5%

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

198

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

$1,194,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A SCOTT MACKNIGHT	PRESIDENT/ C	40.00	Highest	$439,444	$275	$439,719
PAMELA FORD	SVP OF LENDI	40.00	Officer	$163,076	$23,194	$186,270
JOSE RIVERA HERNANDEZ	VP OF DATA S	40.00	Officer	$152,671	$32,749	$185,420
REBECCA THOMAS	SVP MARKETIN	40.00	Officer	$143,674	$35,252	$178,926
KAREN WOOD	SVP FINANCE/	40.00	Officer	$154,418	$14,119	$168,537
LISA VAN BIENE	VP OF MEMBER	40.00	Officer	$155,946	$10,921	$166,867
KARIN TAYLOR	SVP HUMAN RE	40.00	Officer	$155,571	$182	$155,753
JOHN ZIEMBA	SVP COMM LEN	40.00	Officer	$140,970	$11,924	$152,894
IVAN ROCHFORD	IT MANAGER	40.00	Highest	$123,600	$0	$123,600
LANA DAL MOLIN	VP COMM OUTR	40.00	Highest	$104,133	$0	$104,133
MARGO COMPAGNA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DAVID DEGULIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT DEMERS	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
ROBERT DUHAIME	DIRECTOR	1.00	Director	$0	$0	$0
LILIAN SALAS ESPAILLAT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FREDETTE	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA MACLENNAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
ADEEL TAHIR	DIRECTOR	1.00	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	$37,384,452	$36,369,358	$865,744,202	$1,015,094
2022	$30,787,097	$28,733,042	$916,891,739	$2,054,055
2021	$30,352,425	$26,994,903	$877,280,050	$3,357,522
2020	$33,397,590	$30,834,601	$826,708,185	$2,562,989
2019	$32,775,232	$29,898,924	$721,279,705	$2,876,308
2018	$29,361,584	$25,670,284	$682,458,320	$3,691,300