GREEN MOUNTAIN 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

1959

Legal Domicile

Principal Officer

ROBERT J LAKE

Phone

8028646892

Tax Period

2023-01-01 to 2023-12-31

GREEN MOUNTAIN CREDIT UNION, founded in 1959, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 24% operating margin.

Mission

TO PROVIDE COMPETITIVE MEMBER SERVICES IN A CONVENIENT, TIMELY, AND PROFESSIONAL MANNER UTILIZING SOUND MANAGEMENT PRACTICES

Program Service Accomplishments

Program 1

Expenses: $1,620,541 Revenue: $6,155,512

MAINTENANCE OF MEMBER SHARE AND DEPOSIT ACCOUNTS. NUMBER OF ACCOUNTS IS 8502

Program 2

Revenue: $6,155,512

MAINTENANCE OF MEMBER LOAN ACCOUNTS. NUMBER OF ACCOUNTS IS 2,752

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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 $6,657,059

Investment Income $323,910

Other Revenue $0

TOTAL REVENUE $6,980,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,862,614

Fundraising Expenses $0

Program Expenses $1,620,541

Other Expenses $3,423,846

TOTAL EXPENSES $5,286,460

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,980,969	$5,731,956	+0.2%
Expenses	$5,286,460	$3,440,757	+0.5%
Net Income	$1,694,509	$2,291,199	-0.3%

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

$754,505

Total Directors

$206,892

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J LAKE	CEOTREASURER	40.00	Officer Director	$197,040	$9,852	$206,892
STEPHANIE STRUBLE	VP OF COMPLIANCE	40.00	Officer	$134,240	$16,694	$150,934
JOHN E ST HILAIRE	CFO	40.00	Officer	$126,563	$0	$126,563
PATRICIA J ROBBINS	VP OF MORTGAGE LENDING	40.00	Officer	$94,493	$1,875	$96,368
TANYA B MOORE	VP OF OPERATIONS	40.00	Officer	$79,892	$3,995	$83,887
MARK A SHEPARD	VP OF BUSINESS LENDING	40.00	Officer	$74,884	$14,977	$89,861
DAVID BLYTHE	CHAIRMAN	8.000	Director	$0	$0	$0
JOHN KING	VICE CHAIRMAN	8.000	Director	$0	$0	$0
TIANA SMITH	SECRETARY	8.000	Director	$0	$0	$0
LINN CAROLEO	DIRECTOR	8.000	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	$6,980,969	$5,286,460	$100,167,949	$1,694,509
2022	$5,731,956	$3,440,757	$96,882,012	$2,291,199
2021	$4,717,938	$3,210,050	$91,896,569	$1,507,888
2020	$4,142,181	$3,243,246	$79,226,806	$898,935