DIAMOND CREDIT UNION (EIN 231320654) - 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

1947

Legal Domicile

Principal Officer

RICK PATEL

Phone

8005931000

Tax Period

2024-01-01 to 2024-12-31

DIAMOND CREDIT UNION, founded in 1947, is a mid-sized nonprofit that reported $68.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $61.0M left a modest 10% surplus.

Mission

THE PURPOSE OF THIS CREDIT UNION IS TO PROMOTE THRIFT AMONG ITS MEMBERS BY AFFORDING THEM AN OPPORTUNITY TO ACCUMULATE THEIR SAVINGS, AND TO CREATE FOR THEM A SOURCE OF CREDIT FOR PROVIDENT OR PRODUCTIVE PURPOSES.

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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 $43,696,245

Investment Income $10,739,346

Other Revenue $13,532,552

TOTAL REVENUE $67,968,143

Expense Breakdown

Grants Paid $18,042

Salaries & Benefits $23,654,852

Fundraising Expenses $0

Other Expenses $37,373,935

TOTAL EXPENSES $61,046,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,968,143	$57,604,066	+0.2%
Expenses	$61,046,829	$49,767,908	+0.2%
Net Income	$6,921,314	$7,836,158	-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

241

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

$3,141,094

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK M AUSTIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
EUGENE F CARTER JR	VICE CHAIRMEN	1.00	Officer Director	$0	$0	$0
GARY W YOST	TREASURER	1.00	Officer Director	$0	$0	$0
MARCIA J LEVENGOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT TOMASCIK	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDI M CHIEFFO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID L LEKITES	BOARD MEMBER (ENDED 8/7/24)	1.00	Director	$0	$0	$0
MARK V WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMERON MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHARLES BARBERA	BOARD MEMBER (BEGAN 9/24/24)	1.00	Director	$0	$0	$0
RICK PATEL	PRESIDENT/CEO	50.00	Officer	$965,491	$81,426	$1,046,917
LORI LEVENGOOD	EVP/CLO	45.00	Officer	$510,410	$536,877	$1,047,287
TODD ROTHENBERGER	SVP/CHIEF MARKETING OFFICER	45.00	Officer	$503,125	$543,765	$1,046,890
ADAM HARTZELL	FINANCIAL ADVISOR	45.00	Highest	$463,171	$51,923	$515,094
JAMES DALY III	SVP/CIO	45.00	Highest	$299,231	$50,809	$350,040
BARBARA MITCHELL	SVP/CFO	45.00	Highest	$278,933	$74,538	$353,471
JENNIFER MCKEE	SVP/COO AND IN-HOUSE LEGAL	45.00	Highest	$274,324	$47,212	$321,536
STEVE MARLEY	CHIEF BUSINESS OFFICER	45.00	Highest	$273,981	$39,210	$313,191

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	$67,968,143	$61,046,829	$1,058,174,168	$6,921,314
2023	$57,604,066	$49,767,908	$974,020,333	$7,836,158
2022	$46,587,819	$41,003,562	$950,632,179	$5,584,257
2021	$42,054,203	$35,180,178	$922,377,479	$6,874,025
2020	$39,376,306	$36,481,135	$806,835,238	$2,895,171
2019	$41,697,520	$37,425,389	$678,645,440	$4,272,131
2018	$37,445,859	$32,918,099	$619,423,779	$4,527,760

DIAMOND CREDIT UNION