SHARON & CRESCENT UNITED CREDIT UNION (EIN 042391206) - 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

1956

Legal Domicile

Principal Officer

GLENN PARSONS

Phone

7817847725

Tax Period

2023-01-01 to 2023-12-31

SHARON & CRESCENT UNITED CREDIT UNION, founded in 1956, is a mid-sized nonprofit that reported $47.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $43.5M left a modest 9% surplus.

Mission

TO PROVIDE A FULL RANGE OF FINANCIAL SERVICES TO OUR MEMBERS.

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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 $43,075,485

Investment Income $4,658,432

Other Revenue $0

TOTAL REVENUE $47,733,917

Expense Breakdown

Grants Paid $150,632

Salaries & Benefits $15,781,931

Fundraising Expenses $0

Other Expenses $17,253,470

TOTAL EXPENSES $43,495,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,733,917	$39,986,184	+0.2%
Expenses	$43,495,047	$32,131,703	+0.4%
Net Income	$4,238,870	$7,854,481	-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

218

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

$1,055,834

Total Directors

$1,119,934

Key Employees

$275,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN PARSONS	PRESIDENT & CEO	40.00	Officer Director	$548,555	$69,386	$617,941
JAMES L CARLSON	PRESIDENT/CFO (THRU FEB 20	40.00	Officer Director	$114,381	$17,494	$131,875
JEREMY PARKER	CFO & TREASURER	40.00	Officer Director	$227,230	$64,964	$292,194
HOWARD SPILLER	CHAIRMAN	2.00	Officer Director	$4,982	$0	$4,982
DAVID DOUCETTE	VICE CHAIRMAN	2.00	Officer Director	$5,623	$0	$5,623
ANNE CARNEY	SECRETARY	2.00	Officer Director	$3,219	$0	$3,219
RON BECHTEL	DIRECTOR	2.00	Director	$5,345	$0	$5,345
DAVID GOODMAN	DIRECTOR	2.00	Director	$7,230	$0	$7,230
LAWRENCE GREEN	DIRECTOR	2.00	Director	$7,189	$0	$7,189
CARL HUERTH	DIRECTOR	2.00	Director	$5,148	$0	$5,148
WILLIAM KEATING	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KOLENTSAS	DIRECTOR	2.00	Director	$8,906	$0	$8,906
ANDREW MCCORMACK	DIRECTOR	2.00	Director	$8,906	$0	$8,906
WILLIAM MCINTOSH	DIRECTOR	2.00	Director	$0	$0	$0
JAMES MIHOS	DIRECTOR	2.00	Director	$8,906	$0	$8,906
ALFRED NICCOLI	DIRECTOR	2.00	Director	$6,552	$0	$6,552
WILLIAM ROSA	DIRECTOR	2.00	Director	$5,918	$0	$5,918
ARTHUR SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA FOUNTAIN	CHIEF LENDING OFFICER	40.00	Key Emp	$231,223	$44,241	$275,464
JOSHUA PARKER	CIO	40.00	Highest	$208,438	$25,952	$234,390
MAUREEN GREGORY	CHIEF RETAIL OFFICER	40.00	Highest	$216,206	$41,593	$257,799
JENNIFER SPIECKER	SVP - MARKETING	40.00	Highest	$189,239	$27,420	$216,659
DARLENE SILVA	SVP-HUMAN RESOURCES	40.00	Highest	$164,903	$22,097	$187,000
MARK HENNESSY	SVP CONSUMER LENDING	40.00	Highest	$162,781	$49,236	$212,017

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	$47,733,917	$43,495,047	$1,247,271,764	$4,238,870
2022	$39,986,184	$32,131,703	$1,236,549,386	$7,854,481
2021	$40,886,511	$32,743,090	$1,214,608,643	$8,143,421
2020	$43,682,924	$42,239,802	$1,157,249,699	$1,443,122
2018	$21,913,538	$16,341,762	$583,979,434	$5,571,776

SHARON & CRESCENT UNITED CREDIT UNION