PATHWAYS FINANCIAL CREDIT UNION (EIN 237247091) - 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

1973

Legal Domicile

Principal Officer

CHRISTOPHER B HOOVER

Phone

6144167588

Tax Period

2024-01-01 to 2024-12-31

PATHWAYS FINANCIAL CREDIT UNION, founded in 1973, is a mid-sized nonprofit that reported $39.7M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $37.7M left a modest 5% surplus.

Mission

TO PROVIDE FINANCIAL SERVICES TO ITS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,272,589

Investment Income $5,476,835

Other Revenue $0

TOTAL REVENUE $39,749,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,687,164

Fundraising Expenses $0

Other Expenses $27,057,368

TOTAL EXPENSES $37,744,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,749,424	$28,170,743	+0.4%
Expenses	$37,744,532	$25,708,561	+0.5%
Net Income	$2,004,892	$2,462,182	-0.2%

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

136

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

$1,987,721

Total Directors

$72,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHA CALLOWAY	DIRECTOR	1.00	Director	$7,500	$0	$7,500
JOHN FALK	DIRECTOR	1.00	Director	$9,500	$0	$9,500
BILL KNOLES	DIRECTOR	1.00	Director	$7,550	$0	$7,550
KIRK PIERSON	DIRECTOR	1.00	Director	$8,750	$0	$8,750
MICHAEL POE	DIRECTOR	1.00	Director	$7,000	$0	$7,000
JACK RADICH	DIRECTOR	1.00	Director	$9,050	$0	$9,050
MIKE SISINGER	DIRECTOR	1.00	Director	$7,600	$0	$7,600
BRIAN LAKEY	DIRECTOR	1.00	Director	$7,750	$0	$7,750
LIONEL HARRIS	DIRECTOR	1.00	Director	$7,500	$0	$7,500
MIKE SHAFER	CEO	40.00	Officer	$552,677	$37,047	$589,724
GREG KIDWELL	PRESIDENT	40.00	Officer	$373,875	$19,000	$392,875
CASEY ECKLES	COO	40.00	Officer	$194,596	$11,323	$205,919
ANDY TARBOX	CIO	40.00	Officer	$202,264	$11,923	$214,187
CHRIS HOOVER	CFO	40.00	Officer	$194,428	$11,318	$205,746
JILL JUSTICE	CHR	40.00	Officer	$168,717	$7,922	$176,639
CURTIS ONOFRI	CLO	40.00	Officer	$191,229	$11,402	$202,631
CRISTINA GIL	AVP LOAN ORIGINATIONS	40.00	Highest	$131,759	$7,852	$139,611
MARIA GONZALEZ	VP OF SALES AND SERVICES	40.00	Highest	$131,471	$7,676	$139,147
CHRISTINE MARTINO	VP OF COMPLIANCE & RISK MANAGEMENT	40.00	Highest	$132,033	$4,607	$136,640
JOHN WOOTEN	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$138,417	$0	$138,417
LAURA GATES	MORTGALE LOAN OFFICER	40.00	Highest	$148,258	$7,133	$155,391

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	$39,749,424	$37,744,532	$648,327,104	$2,004,892
2023	$28,170,743	$25,708,561	$603,784,345	$2,462,182
2022	$30,849,752	$24,510,688	$594,689,116	$6,339,064
2021	$28,786,702	$21,665,122	$585,094,948	$7,121,580
2020	$24,035,471	$20,105,417	$510,902,517	$3,930,054
2019	$20,723,655	$17,436,454	$412,851,911	$3,287,201
2018	$14,809,623	$11,725,271	$289,016,176	$3,084,352

PATHWAYS FINANCIAL CREDIT UNION