SUNMARK CREDIT UNION (EIN 141364933) - 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

1937

Legal Domicile

Principal Officer

JERILEE BEAUDOIN

Phone

8667866275

Tax Period

2023-01-01 to 2023-12-31

SUNMARK CREDIT UNION, founded in 1937, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $72.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $67.6M left a modest 7% surplus.

Mission

CREATING VALUE TO ENRICH THE LIVES OF OUR MEMBERS BY PROVIDING FINANCIAL PRODUCTS, EDUCATION AND SERVICES TAILORED TO MEET THEIR FINANCIAL GOALS.

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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 $71,247,885

Investment Income $1,905,772

Other Revenue $-270,879

TOTAL REVENUE $72,882,778

Expense Breakdown

Grants Paid $72,500

Salaries & Benefits $24,298,926

Fundraising Expenses $0

Other Expenses $30,846,567

TOTAL EXPENSES $67,569,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,882,778	$62,452,442	+0.2%
Expenses	$67,569,889	$58,231,926	+0.2%
Net Income	$5,312,889	$4,220,516	+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

346

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

$1,300,971

Total Directors

$7,946

Key Employees

$1,543,481

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN DOHERTY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KRISTEN MYERS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MATT CUSACK	SECRETARY	1.00	Officer Director	$1,683	$0	$1,683
ED AIDALA	TREASURER	1.00	Officer Director	$3,215	$0	$3,215
AMY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN HEIM	DIRECTOR	1.00	Director	$0	$0	$0
RALPH LEBARRON	DIRECTOR	1.00	Director	$1,495	$0	$1,495
PARKER POWELL	DIRECTOR	1.00	Director	$0	$0	$0
MATT RHODES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HUGICK	ASSOCIATE MEMBER	1.00	Director	$1,553	$0	$1,553
FRANK DEGRAW	PRESIDENT/CEO	40.00	Officer	$536,457	$8,492	$544,949
JOHANNA ROBBINS	CHIEF FINANCIAL OFFICER	40.00	Officer	$282,576	$3,852	$286,428
JERILEE BEAUDOIN	CHIEF LENDING OFFICER	40.00	Officer	$237,348	$5,518	$242,866
ANTOINETTE LEBRON	EVP/COO	40.00	Officer	$220,152	$1,678	$221,830
VIKAS MUKTAVARAM	CRO	40.00	Key Emp	$259,244	$0	$259,244
PAUL KELLY	CHIEF HUMAN RESOURCES OFFI	40.00	Key Emp	$229,424	$2,783	$232,207
DARRYL ENFIELD	CHIEF INFORMATION OFFICER	40.00	Key Emp	$220,881	$2,049	$222,930
AMBER COOLEEN	CHIEF MARKETING OFFICER	40.00	Key Emp	$174,798	$4,845	$179,643
CHRIS TANTAKIS	VP MEMBER RELATIONS	40.00	Key Emp	$170,838	$3,907	$174,745
KAREN RODICK	CHIEF AUDIT EXECUTIVE	40.00	Key Emp	$157,701	$4,236	$161,937
DAWN DONOVAN	VP OF OPERATIONS	40.00	Key Emp	$152,984	$4,454	$157,438
JAYANT SINGH	VP BUSINESS SERVICES	40.00	Key Emp	$152,859	$2,478	$155,337
MICHAEL MATHUSA	AVP OF SIS AND LSA	40.00	Highest	$196,010	$6,122	$202,132
JOHN NOLAN	AVP OF IT	40.00	Highest	$152,238	$4,684	$156,922
ANTHONY LIGUORI	SENIOR PROPERTY AND CASUALTY INS PRODUCER	40.00	Highest	$150,841	$2,393	$153,234
MELISSA SAVAGE	VP MORTGAGE LENDING	40.00	Highest	$146,468	$4,396	$150,864
ANDREW J RUBINO	MORTGAGE ORIGINATOR	40.00	Highest	$146,801	$3,094	$149,895

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	$72,882,778	$67,569,889	$1,157,564,809	$5,312,889
2022	$62,452,442	$58,231,926	$1,121,756,722	$4,220,516
2021	$61,777,524	$54,806,633	$1,009,786,367	$6,970,891
2020	$68,058,106	$52,021,198	$920,109,210	$16,036,908

SUNMARK CREDIT UNION