ARMCO CREDIT UNION

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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

1935

Legal Domicile

Principal Officer

RANDALL W CYPHER

Phone

7242842020

Tax Period

2024-01-01 to 2024-12-31

ARMCO CREDIT UNION, founded in 1935, is a mid-sized nonprofit that reported $31.8M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.2M, a strong 23% operating margin.

Mission

THE CREDIT UNION IS AN ASSOCIATION OF MEMBERS DEDICATED TO SERVICING MEMBERS' FINANCIAL NEEDS THROUGH THE PROVISION OF SAVINGS ACCOUNTS, LOANS, AND OTHER FINANCIAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $24,543,471 Revenue: $25,908,366

THE CREDIT UNION HAS ACHIEVED STEADY GROWTH IN ASSETS AND MEMBERSHIP THROUGH OFFERING VARIOUS FINANCIAL VEHICLES AND OPPORTUNTITIES 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 $16

Program Service Revenue $25,908,366

Investment Income $5,363,269

Other Revenue $479,855

TOTAL REVENUE $31,751,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,413,100

Fundraising Expenses $0

Program Expenses $24,543,471

Other Expenses $16,130,371

TOTAL EXPENSES $24,543,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,751,506	$25,147,926	+0.3%
Expenses	$24,543,471	$19,737,356	+0.2%
Net Income	$7,208,035	$5,410,570	+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

110

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

$1,081,076

Total Directors

$48,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH RATTIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID E HILLIARD	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA HINTERBERGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWARD NATALI	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI E ALTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES A HRABOSKY	PRESIDENT (THRU 9/24)	1.00	Officer Director	$41,400	$6,913	$48,313
JOHN D GIBSON JR	PRESIDENT OF THE BOARD	1.00	Officer Director	$0	$0	$0
DAVID R BACHER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER LUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDALL W CYPHER	CEO	40.00	Officer	$369,941	$49,030	$418,971
DENNIS FEHL	EXECUTIVE VICE PRESIDENT	40.00	Officer	$227,398	$41,356	$268,754
JOSEPH MALLOY	GENERAL MANAGER OF OPERATIONS	40.00	Officer	$116,404	$35,211	$151,615
ADAM BOOSEL	ASSISTANT EXECUTIVE VICE P	40.00	Officer	$161,521	$31,902	$193,423
RAY MUTH	IT MANAGER	40.00	Highest	$157,128	$38,143	$195,271
MARK BUCHEK	COMMERCIAL LOAN MANAGER	40.00	Highest	$126,785	$36,019	$162,804

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
2025	No data	No data	No data	No data
2024	$31,751,506	$24,543,471	$617,085,524	$7,208,035
2023	$25,147,926	$19,737,356	$532,249,153	$5,410,570
2022	$20,970,795	$14,321,370	$531,376,072	$6,649,425
2021	$16,699,090	$12,846,994	$508,350,519	$3,852,096
2020	$15,023,965	$14,064,366	$437,480,820	$959,599
2019	$15,615,293	$11,951,298	$365,917,704	$3,663,995
2018	$13,942,412	$10,497,363	$345,830,480	$3,445,049