TRUMARK FINANCIAL CREDIT UNION (EIN 231357086) - 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

1939

Legal Domicile

Principal Officer

KELLY BOTTI

Phone

2159535300

Tax Period

2024-01-01 to 2024-12-31

TRUMARK FINANCIAL CREDIT UNION, founded in 1939, is a major nonprofit that reported $198.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $179.2M left a modest 10% surplus.

Mission

TRUMARK FINANCIAL CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE OWNED BY ITS MEMBERS IN ACCORDANCE WITH THE PROVISIONS OF TITLE 17, CREDIT UNION CODE UNDER THE GUIDELINES OF THE COMMONWEALTH OF PENNSYLVANIA, DEPARTMENT OF BANKING FOR THE PURPOSE OF PROMOTING THRIFT AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT AT REASONABLE RATES OF INTEREST AND PROVIDING AN OPPORTUNITY FOR ITS MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.

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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 $163,072,861

Investment Income $23,245,563

Other Revenue $11,787,660

TOTAL REVENUE $198,106,084

Expense Breakdown

Grants Paid $140,041

Salaries & Benefits $50,038,257

Fundraising Expenses $0

Other Expenses $129,056,038

TOTAL EXPENSES $179,234,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,106,084	$167,704,625	+0.2%
Expenses	$179,234,336	$136,108,140	+0.3%
Net Income	$18,871,748	$31,596,485	-0.4%

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

521

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

$2,703,589

Total Directors

$443,567

Key Employees

$2,574,083

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD V DOUGHTY III	PRESIDENT	4.00	Director	$28,471	$80	$28,551
JAMES P DEBOW	VICE PRESIDENT	4.00	Director	$43,199	$159	$43,358
WAYNE J GOODWIN	TREASURER	4.00	Director	$47,414	$80	$47,494
R TERENCE BRUNT	SECRETARY	4.00	Director	$37,506	$80	$37,586
SUZETTE E ADAMS	DIRECTOR	4.00	Director	$47,393	$0	$47,393
JOSEPH J BILY	DIRECTOR	4.00	Director	$33,040	$0	$33,040
HUGH T BRAY	DIRECTOR	4.00	Director	$30,000	$0	$30,000
JOSEPH J CIARANCA	DIRECTOR (ENDING 4/2024)	4.00	Director	$6,000	$0	$6,000
DANIEL L DILLARD	DIRECTOR	4.00	Director	$31,096	$0	$31,096
DAVID A RUFIBACH	DIRECTOR	4.00	Director	$34,864	$0	$34,864
KATHLEEN L WELLS	DIRECTOR	4.00	Director	$39,795	$0	$39,795
WILLIAM J DONEHOWER	DIRECTOR (BEGINNING 07/2024)	4.00	Director	$31,608	$0	$31,608
RICHARD F STIPA	ASSOC. DIRECTOR (NON VOTING)	4.00	Director	$32,623	$159	$32,782
KELLY M BOTTI	CEO	40.00	Officer	$1,439,582	$58,818	$1,498,400
VINCENT J MARKET	EVP	40.00	Officer	$1,023,427	$181,762	$1,205,189
STEVEN OLSON	EVP	40.00	Key Emp	$412,425	$26,947	$439,372
KAREN SWEENEY	EVP	40.00	Key Emp	$399,310	$31,472	$430,782
PATRICK O'HALLORAN	EVP	40.00	Key Emp	$342,682	$60,214	$402,896
DANIEL BREWIN	EVP	40.00	Key Emp	$479,109	$59,610	$538,719
MARIANNE E DRUMM	EVP	40.00	Key Emp	$359,715	$24,522	$384,237
DANA BROWN	EVP	40.00	Key Emp	$356,489	$21,588	$378,077
GERRY DEVITA	1ST VP	40.00	Highest	$284,281	$31,070	$315,351
STEVEN ROSS	AVP	40.00	Highest	$278,993	$32,869	$311,862
SUZANNE TOMASSIAN	1ST VP	40.00	Highest	$275,654	$30,742	$306,396
WOLFGANG HEIN	AVP	40.00	Highest	$236,366	$11,800	$248,166
TUAN LE	AVP	40.00	Highest	$428,612	$18,441	$447,053

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	$198,106,084	$179,234,336	$3,353,079,309	$18,871,748
2023	$167,704,625	$136,108,140	$3,197,438,569	$31,596,485
2022	$116,734,544	$96,822,464	$2,953,253,362	$19,912,080
2021	$109,685,822	$89,924,212	$2,771,242,877	$19,761,610
2020	$109,196,085	$91,742,185	$2,595,592,512	$17,453,900
2019	$116,518,511	$95,590,863	$2,366,485,184	$20,927,648
2018	$102,194,205	$85,794,746	$2,181,179,715	$16,399,459

TRUMARK FINANCIAL CREDIT UNION